Auditor Reports

M/s. T M R & Co., Chartered Accountants, the Statutory Auditors of the Company, issued Audit Reports with unmodified opinion on both Standalone & Consolidated Audited Financial Results for the financial year ended 31st March 2026.

Standalone Financial Performance

Income Statement:

  • Revenue from Operations: ₹13,200.24 lakh for FY26
  • Other Income: ₹26.50 lakh for FY26
  • Total Income: ₹13,226.74 lakh for FY26
  • Total Expenses: ₹13,204.54 lakh for FY26
  • Profit before tax: ₹22.20 lakh for FY26
  • Tax Expense: ₹9.81 lakh (Deferred Tax only)
  • Profit after tax: ₹12.39 lakh for FY26
  • Earnings per Share (Basic and Diluted): ₹0.12

Balance Sheet (as at 31st March 2026):

  • Share Capital: ₹1,020.00 lakh (unchanged)
  • Reserves and Surplus: ₹1,042.53 lakh (increased from ₹984.78 lakh)
  • Total Equity: ₹2,062.53 lakh
  • Long-Term Borrowings: ₹739.92 lakh (decreased from ₹880.82 lakh)
  • Short-Term Borrowings: ₹1,962.60 lakh (increased from ₹1,630.90 lakh)
  • Total Assets: ₹5,672.80 lakh
  • Property Plant and Equipment: ₹1,486.78 lakh (decreased from ₹1,834.71 lakh)
  • Trade Receivables: ₹3,503.96 lakh (increased from ₹3,044.75 lakh)
  • Cash and Cash Equivalents: ₹6.77 lakh (decreased from ₹52.10 lakh)

Cash Flow Statement (FY26):

  • Net Cash Flow from Operating Activities: ₹(115.19) lakh
  • Net Cash Flow from Investing Activities: ₹158.45 lakh
  • Net Cash Flow from Financing Activities: ₹(88.59) lakh
  • Net Decrease in Cash: ₹(45.33) lakh

Consolidated Financial Performance

Income Statement:

  • Revenue from Operations: ₹11,113.69 lakh for FY26
  • Other Income: ₹30.69 lakh for FY26
  • Total Income: ₹11,144.38 lakh for FY26
  • Total Expenses: ₹11,063.23 lakh for FY26
  • Profit before tax: ₹81.15 lakh for FY26
  • Tax Expense: ₹23.69 lakh (Current Tax: ₹7.31 lakh, Deferred Tax: ₹16.38 lakh)
  • Profit after tax before Minority Interest and Share of Profit in Associates: ₹57.46 lakh
  • Share of Loss in Associates: ₹(87.51) lakh
  • Net Loss for the year: ₹(30.06) lakh
  • Earnings per Share (Basic and Diluted): ₹(0.29)

Balance Sheet (as at 31st March 2026):

  • Total Equity: ₹2,062.53 lakh
  • Total Liabilities: ₹5,883.46 lakh
  • Total Assets: ₹5,883.46 lakh
  • Property Plant and Equipment: ₹1,486.78 lakh
  • Trade Receivables: ₹3,503.96 lakh
  • Cash and Cash Equivalents: ₹7.48 lakh

Key Entities Included in Consolidation

  • Cargosol Logistics Limited (Holding Company)
  • Cargosol Shipping Agency Private Limited (Subsidiary Company)
  • Cargosol LLC (Associate Company) - contributed net loss of ₹87.51 lakh
  • Cargosol Logistics (Thailand) Co. Ltd. (Associate Company) - included in associate losses

Accounting Policies and Segments

  • The company operates in one reportable business segment: "Logistics and Freight Forwarding"
  • The company is exempted from compulsory adoption of IND AS as per MCA notification dated 16th February 2015
  • Figures of previous periods have been regrouped wherever necessary for correspondence with current period figures

Internal Financial Controls

The auditors noted that the company has generally maintained adequate internal financial controls over financial reporting that were operating effectively as of 31st March 2026. However, they qualified that the company has not designed the ICFR framework as per the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.