DRS Dilip Roadlines Limited agreed to Spin-Off Warehousing Division. DRS. Warehousing Division company will be allotted 1 share for every 2 shares held by the shareholders in the DRS Dilip Roadlines.

The division had a revenue of INR 17.1 million in FY 2021-2022. Transaction is subject to regulatory, shareholders, and statutory authorities. The record date of the transaction is fixed as November 15, 2023.

As of September 28, 2023, the transaction is approved by Hon'ble National Company Law Tnbunal.