Summary of Key Information:

Reporting Period: Quarter and Year ended March 31, 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results Approval

Audit Opinion:

Unmodified opinion (clean) from Statutory Auditors MSKA & Associates LLP on both standalone and consolidated financial results.

Key Financial Highlights [Amounts in INR Lakhs]:

Consolidated Results:

Income Statement:

  • Revenue from Operations: FY26 - ₹5,574.09; FY25 - ₹5,515.18
  • Other Income: FY26 - ₹388.13; FY25 - ₹284.25
  • Total Income: FY26 - ₹5,824.85; FY25 - ₹5,543.60
  • Profit Before Tax: FY26 - ₹344.55; FY25 - ₹291.74
  • Net Profit: FY26 - ₹261.72; FY25 - ₹213.27
  • EPS (Basic and Diluted): FY26 - ₹17.38; FY25 - ₹15.01

Balance Sheet:

  • Total Assets: FY26 - ₹5,483.74; FY25 - ₹4,990.37
  • Property, Plant and Equipment: FY26 - ₹1,522.93; FY25 - ₹1,066.19
  • Right-of-use-assets: FY26 - ₹111.24; FY25 - ₹773.65
  • Cash and Cash Equivalents: FY26 - ₹13.47; FY25 - ₹13.30
  • Trade Receivables: FY26 - ₹2,360.06; FY25 - ₹2,049.66
  • Total Equity: FY26 - ₹2,711.69; FY25 - ₹2,466.41
  • Borrowings: FY26 - ₹1,808.24; FY25 - ₹1,073.17
  • Lease Liabilities: FY26 - ₹388.24; FY25 - ₹1,112.98

Standalone Results:

Balance Sheet:

  • Total Assets: FY26 - ₹5,456.38; FY25 - ₹4,955.75
  • Property, Plant and Equipment: FY26 - ₹1,501.25; FY25 - ₹1,045.17
  • Right-of-use-assets: FY26 - ₹111.24; FY25 - ₹773.65
  • Cash and Cash Equivalents: FY26 - ₹13.23; FY25 - ₹11.89
  • Total Equity: FY26 - ₹2,710.31; FY25 - ₹2,467.91
  • Borrowings: FY26 - ₹1,787.38; FY25 - ₹1,045.56

Segment-wise Performance:

Business Segments:

  • Freight Income: FY26 - ₹5,252.75; Q4 FY26 - ₹1,483.37
  • Warehousing Income: FY26 - ₹258.75; Q4 FY26 - ₹58.32
  • Other Operating Income: FY26 - ₹71.90; Q4 FY26 - ₹11.10

Geographical Segments:

  • Within India: 100% of revenue
  • Outside India: Minimal activity (₹0.05 lakhs)

Corporate Actions:

  • Rights Issue: Board approved rights issue of ₹5,293.02 lakhs (₹52.93 Cr) on May 15, 2026
  • Issue opened June 1, 2026 and closed June 9, 2026
  • Issue was fully subscribed and shares allotted

Other Significant Information:

Exceptional Items:

  • One-time gain of ₹211.94 lakhs from termination of lease agreement with Indian Railways (Right-of-use assets of ₹432.19 lakhs less lease balance of ₹644.14 lakhs)

Subsidiary Changes:

  • AVG Sunil Liquid Logistics Private Limited struck off w.e.f September 30, 2025
  • NDR AVG Logistics LLP ceased to be associate w.e.f January 1, 2026

Labour Code Impact:

  • Company assessing impact of newly notified Labour Codes but no material effect recognized yet

Entities in Consolidation:

  • Galaxy Packers and Movers Private Limited (100% subsidiary)
  • AVG Sunil Liquid Logistics Private Limited (51% subsidiary, till August 19, 2025)
  • Kaizen Logistics (100% subsidiary)
  • NDR AVG Logistics LLP (30% associate, till January 1, 2026)

Cash Flow Information:

  • Net cash flow from operating activities: ₹490.42 lakhs
  • Net cash used in investing activities: ₹(738.26) lakhs
  • Net cash flow from financing activities: ₹248.02 lakhs