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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Skyways Air Services Ltd

Skyways Air Services Disinvestment of 40% Subsidiary Stake for Rs. 92.12 Lakhs

M&A ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 15 Oct 2026, 09:30 PM IST  ·  BSE ID: 405be0c1-24a3-4f12-b2bd-ea7aa61ea367
View Original BSE Filing (PDF)
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In Simple Terms
The company sold 40% of its subsidiary for Rs. 92.12 Lakhs to its management team and plans international expansion.
🤖 AI Summary
  • Skyways Air Services approved disinvesting 40% stake in Avito Global Freight Private Limited for Rs. 92.12 Lakhs.
  • Shares in Avito Global Freight Private Limited will be transferred to its Core Operating Team.
  • Avito Global Freight Private Limited will become a 60% owned subsidiary, no longer wholly-owned.
  • A new step-down subsidiary of Avito Global Freight will be incorporated in Masdar City Free Zone, Abu Dhabi.
  • A Corporate Guarantee of VND 30,000,000,000 (INR 11.00 Crore approx.) for Skyways SLS Logistik Company Limited (Vietnam) was approved.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Consideration from Avito Global Freight 40% stake sale
Rs. 92,12,000
Avito Global Freight Turnover (as on March 31, 2026)
56.52 Lakhs
Avito Global Freight Net worth (as on March 31, 2026)
97.68 Lakhs
Corporate Guarantee for Skyways SLS Logistik Company Limited (Vietnam)
VND 30,000,000,000 (INR 11.00 Crore approx.)
Remaining shareholding in Avito Global Freight Private Limited
60%
🏢 How This Affects the Company
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Business Impact
The disinvestment in Avito Global Freight Private Limited is part of a strategic expansion, aiming to facilitate international market presence through a new Abu Dhabi subsidiary. This move enables exploration of additional business opportunities.
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Financial Impact
The company will receive Rs. 92.12 Lakhs from the disinvestment. Additionally, it approved providing a Corporate Guarantee of VND 30,000,000,000 (INR 11.00 Crore approx.) for its Vietnam subsidiary.
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Operational Impact
Avito Global Freight Private Limited will operate with a 40% stake held by its Core Operating Team, changing its ownership structure from wholly-owned to a 60% subsidiary. The incorporation of a new entity in Abu Dhabi will expand the subsidiary's global operational footprint.
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Risk Impact
The provision of a Corporate Guarantee for VND 30,000,000,000 (INR 11.00 Crore approx.) introduces a contingent liability related to its Vietnam subsidiary's financial obligations to Techombank.
👥 What This Means For Shareholders
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Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the company's strategic decisions regarding subsidiary ownership and international expansion, which could influence future operational performance and financial standing.
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Management Signal
Management is signaling a strategy of incentivizing subsidiary operating teams through ownership dilution and pursuing international growth by establishing new entities in strategic locations.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Completion of 40% disinvestment in Avito Global Freight Private Limited within 30 days.
Updates on the incorporation of the new step-down subsidiary in Masdar City Free Zone, Abu Dhabi.
Confirmation of necessary approvals for the Corporate Guarantee for the Vietnam subsidiary.
MEDIUM RISK Strategic decisions involve execution risk and the Corporate Guarantee introduces contingent financial liability.
💡 Investor Takeaway
Skyways Air Services is disinvesting 40% of its Avito Global Freight Private Limited subsidiary for Rs. 92.12 Lakhs to the operating team. Avito Global Freight contributed 0.02% to turnover and 0.29% to net worth as on March 31, 2026. A new international subsidiary in Abu Dhabi is planned.
⚖️ Strengths & Concerns

✅ Positives

  • Strategic disinvestment of 40% stake to Avito Global Freight's Core Operating Team for Rs. 92.12 Lakhs aligns management incentives.
  • Planned incorporation of a new step-down subsidiary in Abu Dhabi aims to expand international business operations.

⚠️ Concerns

  • Avito Global Freight Private Limited contributed only 0.02% to turnover and 0.29% to net worth for the last financial year.
  • The provision of a Corporate Guarantee of VND 30,000,000,000 (INR 11.00 Crore approx.) for the Vietnam subsidiary introduces a financial commitment.
❓ Frequently Asked Questions
What stake did Skyways Air Services disinvest in Avito Global Freight Private Limited?
Skyways Air Services disinvested 40% of its existing shareholding in its wholly-owned subsidiary, Avito Global Freight Private Limited.
What was the consideration received for the 40% disinvestment in Avito Global Freight?
The total consideration received for the disinvestment of 40% stake in Avito Global Freight Private Limited was Rs. 92.12 Lakhs.
Who are the buyers of the 40% stake in Avito Global Freight Private Limited?
The buyers are the Core Operating Team of Avito Global Freight Private Limited, including Mr. Sushil Kumar Rathi (Managing Director) and Mr. Saurav Chakraborty (Whole Time Director and CEO), among others.
What is the turnover and net worth contribution of Avito Global Freight Private Limited?
As on March 31, 2026, Avito Global Freight Private Limited contributed 56.52 Lakhs to turnover (0.02% of total) and 97.68 Lakhs to net worth (0.29% of total).
What corporate guarantee was approved by Skyways Air Services?
A Corporate Guarantee not exceeding VND 30,000,000,000 (Thirty Billion Vietnamese dong), equivalent to INR 11.00 Crore approx., was approved for Skyways SLS Logistik Company Limited (Vietnam).

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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