BSECompany Update1d ago · 24 Sept 2026, 04:21 pm
Intimation of grant of letter of approval for setting up of a unit by Siddhartha Logistics FTWZ Private Limited in the FTWZ of the company.
VSF Projects Ltd · 519331
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VSF Projects Ltd has received a Letter of Approval from the Development Commissioner, Visakhapatnam Special Economic Zone, for Siddhartha Logistics FTWZ Private Limited to set up a unit in the Free Trade and Warehousing Zone (FTWZ) of the company. This will allow the company to lease its space in FTWZ and generate revenues based on the ICD containers used by Siddhartha Logistics.
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Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment7/10
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VSF Projects Ltd - 519331 - Intimation Of Grant Of Letter Of Approval For Setting Up Of A Unit By Siddhartha Logistics FTWZ Private Limited In The FTWZ Of The Company.
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CIN No. L05005AP1992PLC014326
VSF PROJECTS LIMITED
CORPORATE OFFICE: 1018, 9th Floor, Vasavi MPM Grand,
Ameerpet, Hyderabad-500073 Phone : 040-49904843
E-mail: vsfprojectsltd91@gmail.com Website: www.vsfproject.com
Date: 24th September 2026
The General Manager
Listing Department / Department of Corporate Services
BSE Limited
Phiroze Jeejeebhoy Towers, Dalal Street
Mumbai – 400 001
Scrip Code: 519331
Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Grant of Letter of Approval by the Development
Commissioner, Visakhapatnam SEZ, for setting up of a unit by Siddhartha Logistics FTWZ
Private Limited in the FTWZ of the Company
Dear Sir/Madam,
Pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 ("LODR Regulations"), we wish to inform you that the
Office of the Development Commissioner, Visakhapatnam Special Economic Zone, Department of
Commerce, Government of India, has issued a Letter of Approval (Form-G) dated 23rd September
2026 to Siddhartha Logistics FTWZ Private Limited for setting up a unit in the Free Trade and
Warehousing Zone (FTWZ) of VSF Projects Limited ("the Company").
The details required under Para B(12) of Annexure 18 of SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are furnished below:
Sr. Particulars Details
(a) Name of the regulatory or licensing Office of the Development Commissioner,
authority Visakhapatnam Special Economic Zone,
Department of Commerce, Government of
India.
(b) Brief details of the approval/license Letter of Approval (Form-G) No.
obtained 26(D)/192/2026-27/SSSEZ/VSEZ dated 23rd
September 2026, issued under Rule 19 of the
SEZ Rules, 2006 following the Unit Approval
Committee meeting held on 9th September
2026. It permits Siddhartha Logistics FTWZ
REG. OFF:SY 782 TO 1236,ANKULAPATUR VILLAGE, CHILKUR MANDAL, SPSR
NELLORE DISTRICT, ANDHRA PRADESH-524 412.
CIN No. L05005AP1992PLC014326
VSF PROJECTS LIMITED
CORPORATE OFFICE: 1018, 9th Floor, Vasavi MPM Grand,
Ameerpet, Hyderabad-500073 Phone : 040-49904843
E-mail: vsfprojectsltd91@gmail.com Website: www.vsfproject.com
Sr. Particulars Details
Private Limited to set up a unit in the FTWZ of
VSF Projects Limited. The authorised operations
are bonded warehouse activity for specified
goods, sea freight, custom house agent services,
warehousing and logistics services,
transportation, and business support services..
(c) Impact/relevance of such Pursuant to this approval, the Company will
approval/license to the listed entity lease its space in FTWZ to Siddhartha Logistics
FTWZ Private Limited. Further Company shall
also get revenues based on the ICD containers
used by the Siddhartha logistics based on the
usage. This shall allow the Company to store
aerospace and defense related products in the
FTWZ of the Company, which is the only FTWZ
as of now allowed to handle such cargos, having
first mover advantage.
(d) Withdrawal/cancellation or suspension of Not Applicable.
licence/approval by the regulatory or
licensing authority, with reasons for such
action, estimated impact (monetary or
otherwise) on the listed entity and penalty,
if any
(e) Period for which such approval/license is The Letter of Approval is valid from 23rd
valid September 2026 to 22nd September 2027,
within which the unit is required to implement
the project and commence operations
(extendable by the Development
Commissioner).
Upon commencement of operations, the
approval shall be valid for a period of five years
from the date of commencement.
REG. OFF:SY 782 TO 1236,ANKULAPATUR VILLAGE, CHILKUR MANDAL, SPSR
NELLORE DISTRICT, ANDHRA PRADESH-524 412.
CIN No. L05005AP1992PLC014326
VSF PROJECTS LIMITED
CORPORATE OFFICE: 1018, 9th Floor, Vasavi MPM Grand,
Ameerpet, Hyderabad-500073 Phone : 040-49904843
E-mail: vsfprojectsltd91@gmail.com Website: www.vsfproject.com
We request you to kindly take the above information on record.
Thanking you,
Yours faithfully,
For VSF Projects Limited
B N Murthy
Managing Director
(DIN: 00073068)
REG. OFF:SY 782 TO 1236,ANKULAPATUR VILLAGE, CHILKUR MANDAL, SPSR
NELLORE DISTRICT, ANDHRA PRADESH-524 412.