Secure Logistics – Trax Group Limited has received shareholder approval for the acquisition of a fintech software intellectual property (IP) suite, marking a major step in the company’s strategy to strengthen its e-commerce operations and introduce digital lending as a new revenue stream.
The approval was granted at an extraordinary general meeting (EGM) held on January 29, 2026, where the resolution was passed with 99.98 percent of votes cast in favor, according to the company’s filing and the scrutinizer’s report.
Through the transaction, Trax Group plans to acquire the fintech software via its wholly owned subsidiary, LogiServe (Private) Limited, enabling the company to expand beyond logistics into embedded finance solutions for merchants and customers.
Under the approved arrangement, the company will issue 7,938,679 ordinary shares at an issue price of Rs. 21.20 per share, otherwise than by way of rights, to CAPNEXA (Private) Limited as consideration for the acquisition of the software asset. The value of the software will be determined by a registered valuer, as outlined in the resolution.
The company said the shareholder approval clears the way for the execution of definitive agreements and the completion of regulatory and corporate approvals required for the transaction.
Trax Group expects the deal to be closed within the first quarter of 2026, after which the fintech platform will be integrated into its existing e-commerce and logistics ecosystem to support digital credit and payment services.