Date, Location, and Type of Meeting
The 15th Annual General Meeting was conducted through Video Conferencing/Other Audio Video Means on Tuesday, September 22, 2026. The meeting commenced at 2:00 P.M. IST and concluded at 3:22 P.M. IST (including time allowed for e-voting at AGM). The proceedings were deemed to be conducted at the registered office of the Company.
Summary of Proposed Resolutions
The AGM considered nine resolutions for shareholder approval:
Ordinary Business:
- Resolution 1: To adopt financial statement of the Company for the financial year ended March 31, 2026
- Resolution 2: To re-appoint Mr. Sahil Barua (DIN: 05131571) as a Director
Special Business:
- Resolution 3: To re-appoint Mr. Sahil Barua as Managing Director and Chief Executive Officer
- Resolution 4: To approve payment of remuneration to Mr. Sahil Barua
- Resolution 5: To approve grant of stock options to Mr. Sahil Barua
- Resolution 6: To re-appoint Mr. Kapil Bharati (DIN: 02227607) as Whole-time Director (Executive Director and Chief Technology Officer)
- Resolution 7: To approve payment of remuneration to Mr. Kapil Bharati
- Resolution 8: To approve grant of stock options to Mr. Kapil Bharati
- Resolution 9: To approve grant of stock options to Mr. Suraj Saharan (DIN: 03431848), Whole-time Director (Executive Director and Chief People Officer)
Voting Process and Methods
Remote e-voting was available from Friday, September 18, 2026, 09:00 A.M. IST until Monday, September 21, 2026, 05:00 P.M. IST. Members who had not cast their votes electronically during this period were facilitated to vote electronically during the AGM on September 22, 2026, up to 15 minutes after the end of the meeting.
Key Voting Outcomes
The document notes that voting results (remote e-voting and voting during the meeting through electronic voting system) would be separately disseminated. The details of voting results along with the Scrutinizer's Report were to be declared within stipulated timelines from the conclusion of the meeting.
Scrutinizer's Role and Findings
The Board of Directors appointed Mr. Prabhakar Kumar, Partner of M/s VAPN & Associates, Company Secretary in Practice (or failing him Mr. Ashok, Partner of M/s VAPN & Associates) as the scrutinizer for the e-voting process. Ms. Madhulika Rawat, Company Secretary & Compliance Officer, was authorized to declare the voting results.
Compliance with Laws and Regulations
The AGM was conducted in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and various circulars issued by the Ministry of Corporate Affairs and SEBI.
Financial and Operational Performance Highlights (FY26)
The document includes extensive financial and operational data presented at the AGM:
Express Parcel Business:
- Shipments: 1,054 Mn (40.2% YoY growth)
- Revenue: ₹6,685 Cr (25.7% YoY growth)
- Service EBITDA: ₹1,151 Cr (17.2% margin)
PTL Business:
- Freight tonnage: 1,991 '000 MT (17.4% YoY growth)
- Revenue: ₹2,254 Cr (19.3% YoY growth)
- Service EBITDA: ₹248 Cr (11.0% margin, improved from 5.4% in FY25)
Consolidated Financials:
- Revenue from services: ₹10,508 Cr (17.4% YoY growth)
- Total income: ₹10,867 Cr (15.6% YoY growth)
- Profit after tax before exceptional items: ₹178 Cr (107.4% improvement YoY)
- Profit after tax: ₹153 Cr (98.1% improvement YoY)
Operational Metrics:
- Active customers: 52,226
- Infrastructure: 22.9 million sqft
- Gateways: 129
- Automated sort centers: 47
- Sorters count: 73
- Team size: 73,477
- Partner agents: 71,362
- Fleet size (daily average): 20,160
Names and Roles of Signatories
Madhulika Rawat, Company Secretary & Compliance Officer (Membership No: F8765) signed the disclosure document on September 22, 2026.
The document also confirms that the voting results under Regulation 44(3) of the Listing Regulations and consolidated Scrutinizer's Report under Section 108 of the Act would be submitted to stock exchanges within stipulated timelines and uploaded on the Company's website.