Board Meeting Outcomes

The Board of Directors meeting was held on July 13, 2026, commencing at 12:05 hours and concluding at 18:00 hours. The following items were approved:

1. Unaudited Financial Results: The Board considered and approved the unaudited standalone financial results for the quarter ended June 30, 2026. The company noted that it sold its only wholly-owned subsidiary, M/s. Vijay Logistics Parks Private Limited, on May 14, 2026. Consequently, there were no consolidated financials to be considered or approved for the quarter.

2. Redemption of Preference Shares: The Board approved the redemption of 20,00,000 Non-Convertible Redeemable Preference Shares of ₹10 each, aggregating to ₹2,00,00,000 (Rupees Two Crore). This redemption is to be executed out of the company's divisible profits, which were stated to be sufficient as per the unaudited financial results for June 30, 2026. This redemption is subject to the company obtaining necessary legal compliances.

Deferred Item

One item was deferred by the Board:

  • The appointment of Mr. Vignesh Rajkumar as a Director of the company.

Financial Results (Standalone)

The unaudited standalone financial results for the quarter ended June 30, 2026, are as follows (all figures in ₹ lakhs):

  • Revenue from Operations: 1,653.31
  • Other Income: 108.86
  • Total Income: 1,762.17
  • Total Expenses: 802.28
  • Direct Expenses: 710.61
  • Employees benefit expenses: 32.80
  • Finance cost: 24.65
  • Depreciation and amortization expenses: 0.04
  • Other expenses: 34.18
  • Profit before tax: 959.89
  • Tax Expenses: 231.19 (Current tax)
  • Profit for the period: 728.70
  • Paid-up Equity Share Capital: 2,015.12 (Face value ₹10/- each)
  • Earnings Per Share (₹10/- each): Basic and Diluted both at 3.62

Comparative Figures (₹ lakhs)

For the quarter ended June 30, 2025 (Unaudited):

  • Revenue from Operations: 182.02
  • Other Income: 153.80
  • Total Income: 335.82
  • Profit before tax: 134.81
  • Profit for the period: 134.81
  • EPS: 0.67

For the year ended March 31, 2026 (Audited):

  • Revenue from Operations: 746.33
  • Other Income: 339.77
  • Total Income: 1,086.10
  • Profit before tax: 540.12
  • Profit for the period: 467.89
  • EPS: 2.32

Auditor's Review Report

KPR & Co., Chartered Accountants (FRN: 05326S), issued an independent auditor's review report on the unaudited standalone financial results. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410. The auditor's conclusion states that based on their review, nothing has come to their attention that causes them to believe that the statement of standalone unaudited financial results has not disclosed the information required by Regulation 33 of SEBI LODR or that it contains any material misstatement. The report was signed by Partner M.R. Sukumaran (M.No: 024506).

Notes to Financial Results

1. The results were reviewed by the audit committee and approved by the Board of Directors on July 13, 2026. The statutory auditors issued a report with an unmodified opinion.

2. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS).