Secure Logistics – Trax Group Limited has received shareholder approval to acquire a fintech software intellectual property (IP) suite, a move that signals a major expansion of the company’s business model beyond core logistics into digital finance.
The approval was granted at an extraordinary general meeting (EGM) held on January 29, 2026, where the resolution passed with overwhelming support, securing 99.98 percent of the votes cast, according to the company’s regulatory filing and the scrutinizer’s report.
The acquisition will be carried out through Trax Group’s wholly owned subsidiary, LogiServe (Private) Limited. Through this transaction, the company aims to strengthen its e-commerce ecosystem by introducing embedded financial services, including digital lending and payment solutions for merchants and customers.
As part of the approved arrangement, Trax Group will issue 7,938,679 ordinary shares at a price of Rs. 21.20 per share, other than by way of rights, to CAPNEXA (Private) Limited. These shares will be issued as consideration for the fintech software asset, with the final value of the software to be determined by a registered valuer in line with regulatory requirements.
The company said the shareholder mandate clears the path for signing definitive agreements and completing the remaining corporate and regulatory approvals needed to finalize the deal.
Trax Group expects the transaction to be completed within the first quarter of 2026. Once finalized, the fintech platform will be integrated into the company’s existing logistics and e-commerce infrastructure, enabling the rollout of digital credit and payment services as a new revenue stream.
