Financial Performance Highlights

Standalone Financials (₹ in Lakhs)

  • Total Income: ₹7,411.17 (PY: ₹7,868.33)
  • Revenue from Operations: ₹7,154.76 (PY: ₹7,661.10)
  • Other Income: ₹256.41 (PY: ₹207.23)
  • Total Expenses: ₹7,444.86 (PY: ₹7,705.60)
  • Operating Expense: ₹6,414.45 (PY: ₹6,702.27)
  • Employee Benefit Expense: ₹175.71 (PY: ₹142.52)
  • Finance Cost: ₹218.59 (PY: ₹231.78)
  • Depreciation: ₹174.56 (PY: ₹159.83)
  • Other Expenses: ₹461.54 (PY: ₹469.20)
  • Profit/(Loss) Before Tax: (₹33.69) (PY: ₹162.72)
  • Tax Expense:
  • Current Tax: ₹41.52 (PY: ₹64.00)
  • Deferred Tax: (₹13.53) (PY: ₹24.91)
  • Excess Provision of Earlier Years: ₹170.64 (PY: Nil)
  • Profit/(Loss) After Tax: (₹232.31) (PY: ₹123.63)
  • Other Comprehensive Income: (₹0.10) (PY: ₹0.16)
  • Net Profit/(Loss): (₹232.41) (PY: ₹123.47)
  • EPS: (₹0.18) per share of ₹10 each (PY: ₹0.10)

Consolidated Financials (₹ in Lakhs)

  • Profit/(Loss) After Tax: (₹232.31) (PY: ₹123.63)
  • Net Profit/(Loss): (₹232.41) (PY: ₹123.47)

Capital Structure Changes

  • Converted 34,00,000 warrants into equity shares on October 16, 2025, receiving ₹198.90 lakhs
  • Converted 35,00,000 warrants into equity shares on November 9, 2025, receiving ₹204.75 lakhs
  • Total Equity Shares Outstanding: 12,71,40,000 (PY: 12,02,40,000)
  • Paid-up Capital: ₹1,271.40 lakhs (PY: ₹1,202.40 lakhs)
  • No change in authorized capital

Subsidiary Information

  • Acquired 99.99% stake in Chartered Comcare IFSC Limited
  • Subsidiary Financials (₹ in Lakhs):
  • Share Capital: ₹200.00
  • Reserves and Surplus: (₹20.84)
  • Total Assets: ₹201.63
  • Total Liabilities: ₹22.47
  • Profit Before Tax: (₹5.59)
  • Profit After Tax: (₹5.79)

Dividend and Reserves

  • No dividend recommended for FY 2025-26
  • No amount transferred to General Reserves

Key Management Personnel

  • Managing Director: Mr. Lalit Kumar Gandhi (DIN: 00618427)
  • Whole Time Director: Mr. Harsh Gandhi (resigned w.e.f. June 25, 2026)
  • CFO: Ms. Mamta S. Patel
  • Company Secretary: Ms. Hirvita Shah

Board and Committee Meetings

  • 7 Board meetings held during FY 2025-26
  • 5 Audit Committee meetings held
  • 1 Nomination and Remuneration Committee meeting held
  • 1 Stakeholders' Relationship Committee meeting held

Auditor Appointments

  • Statutory Auditors: Re-appointment of M/s Prakash Tekwani & Associates (FRN: 120253W) as statutory auditors for second term of 5 years (until 36th AGM in 2031)
  • Secretarial Auditor: M/s Agarwal & Mehta Company Secretaries LLP
  • Internal Auditor: M/S H.A. Jain & Associates

Regulatory Compliance Issues

Secretarial Audit Observations:

1. Delayed filing of disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

2. Belated entries in Structured Digital Database (SDD) software due to technical difficulties

3. 8-day delay in submission of initial disclosures under SEBI Circular dated November 26, 2018

Board Response:

  • Promoter declarations received belatedly but submitted immediately upon receipt
  • SDD technical difficulties addressed, compliance certificate obtained from practicing company secretary from January 2026
  • Delay in initial disclosures was inadvertent

Related Party Transactions

Material transactions at arm's length basis:

  • Purchases from Chartered Motors Private Limited: ₹31.20 lakhs
  • Remuneration to Directors and KMPs:
  • Lalit Kumar Gandhi: ₹18.00 lakhs
  • Harsh Gandhi: ₹9.00 lakhs
  • Mamta Patel: ₹7.40 lakhs
  • Hirvita Shah: ₹4.95 lakhs

AGM Details

  • Date: September 25, 2026
  • Time: 10:00 AM
  • Venue: Registered Office, A-409, Stellar, Opp. Arista, Sindhubhavan Road, Ahmedabad-380059
  • Business:

1. Adoption of audited standalone and consolidated financial statements

2. Reappointment of Mr. Lalit Gandhi as director retiring by rotation

3. Reappointment of statutory auditors

  • Book Closure: September 19, 2026 to September 25, 2026 (both days inclusive)
  • E-voting: September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM)

Operational Challenges

  • Increased fuel prices
  • Driver shortage
  • Labor shortage
  • Increased overhead costs

Shareholding Pattern

  • Promoter Holding: 55.46%
  • Public Holding: 44.54%
  • Demat Holding: 98.13% of total shares

Important Dates

  • Financial Results Submission to BSE: August 31, 2026
  • Directors' Report Date: August 12, 2026
  • Auditor's Report Date: May 22, 2026
  • Secretarial Audit Report Date: August 20, 2026