AGM Details

The 06th Annual General Meeting of the Company will be held on Wednesday, September 30th, 2026 at 03:00 p.m. at the Registered Office: B-3, Saptak Plaza Shivaji Nagar, Shankar Nagar, Nagpur, Maharashtra, India, 440010.

Business Verticals

The Company operates through two principal business verticals:

  • Logistics Services: Full Truckload (FTL) freight and transportation services
  • Trading of Agricultural Commodities

The Company has a wholly owned subsidiary, Norbexi Industries Limited (formerly known as Norbexi Industries Private Limited), engaged in similar business operations.

Management Changes

Resignations:

  • Mr. Kashyap Budhaji Pakhide (Director) - resigned w.e.f. October 06, 2025
  • Mr. Dinesh Chander Notiyal (Independent Director) - resigned w.e.f. November 13, 2025
  • Ms. Avani Savjibhai Godhaniya (Independent Director) - resigned w.e.f. November 13, 2025
  • Mr. Navin Keshrimal Mehta (Chief Financial Officer) - resigned w.e.f. September 30, 2025
  • Ms. Payal Maheshwari (Company Secretary) - resigned w.e.f. May 29, 2026

Appointments:

  • Mr. Tajinder Singh Kukreja (Chief Financial Officer) - appointed w.e.f. October 06, 2025
  • Mr. Mohit Joshi (Independent Director) - appointed w.e.f. November 13, 2025
  • Mr. Dheeraj Sharma (Independent Director) - appointed w.e.f. November 13, 2025
  • Mr. Piyush Harish Talyani (Company Secretary) - appointed w.e.f. May 29, 2026

Financial Performance (Standalone)

FY 2025-26:

  • Income from Operations: ₹7,219.37 lakhs (previous year: ₹6,485.31 lakhs)
  • Expenses: ₹7,011.58 lakhs (previous year: ₹6,022.21 lakhs)
  • Profit Before Tax: ₹326.48 lakhs (previous year: ₹483.26 lakhs)
  • Tax Expense: ₹82.41 lakhs (previous year: ₹122.71 lakhs)
  • Profit After Tax: ₹244.07 lakhs (previous year: ₹360.55 lakhs)
  • Earnings Per Share: ₹2.98 (previous year: ₹5.87)

Consolidated Performance:

  • Income from Operations: ₹13,076.63 lakhs (previous year: ₹20,581.60 lakhs)
  • Profit Before Tax: ₹1,208.05 lakhs (previous year: ₹1,185.98 lakhs)
  • Profit After Tax: ₹903.45 lakhs (previous year: ₹880.90 lakhs)
  • Earnings Per Share: ₹11.03 (previous year: ₹14.33)

Dividend

No dividend recommended for the Financial Year 2025-26.

AGM Agenda Items

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended March 31, 2026

2. Re-appointment of Mr. Prashant Natwarlal Lakhani (DIN: 00559519) who retires by rotation

Special Business:

3. Regularization of Mr. Mohit Joshi (DIN: 09594681) as Independent Director for 5 years from November 13, 2025

4. Regularization of Mr. Dheeraj Sharma (DIN: 06920127) as Independent Director for 5 years from November 13, 2025

5. Regularization of Mr. Tajinder Singh Kukreja (DIN: 07039919) as Executive Director

6. Increase in Authorized Share Capital from ₹10,00,00,000 to ₹25,00,00,000 and consequential alteration in Memorandum of Association

Share Capital

  • Authorized Share Capital: ₹10,00,00,000 divided into 1,00,00,000 equity shares of ₹10 each
  • Proposed increase to ₹25,00,00,000 divided into 2,50,00,000 equity shares of ₹10 each
  • Issued, Subscribed and Paid-up Capital: ₹819.44 lakhs (81,94,448 equity shares of ₹10 each fully paid up)

Regulatory Compliance Issues

As per Secretarial Audit Report by VRG & Associates:

  • Delayed filing of Form ADT-1 for appointment of Statutory Auditors
  • Non-creation/registration of charge with ROC for loan facility from HDFC Bank Limited
  • Delayed filing of Related Party Transaction disclosure in XBRL format by one day, resulting in penalty from BSE

Subsidiary Information

Norbexi Industries Limited (wholly owned subsidiary):

  • Share Capital: ₹1.00 lakh
  • Reserves & Surplus: ₹841.78 lakhs
  • Total Assets: ₹11,293.36 lakhs
  • Revenue from Operations: ₹14,096.28 lakhs
  • Profit After Tax: ₹520.30 lakhs

Key Ratios (Standalone)

  • Current Ratio: 1.52 (previous year: 3.74)
  • Debt-Equity Ratio: 0.69 (previous year: 0.25)
  • Return on Equity: 5.43% (previous year: 8.24%)
  • Operating Profit Margin: 4.76% (previous year: 7.15%)
  • Net Profit Margin: 3.38% (previous year: 5.56%)

Auditors

  • Statutory Auditors: NKSC & Co., Chartered Accountants (FRN: 020076N)
  • Secretarial Auditor: VRG & Associates, Company Secretaries
  • Internal Auditor: Not specified in detail

Voting Arrangements

Remote e-voting facility available through NSDL from 9:00 A.M. on 27th September, 2026 to 5:00 P.M. on 29th September, 2026. Mr. Vijay Ramesh Gupta, Practicing Company Secretary appointed as Scrutinizer.

Register Closure Date

The Register of Members and Share Transfer Books will remain closed from 24th September, 2026 to 30th September, 2026 (both days inclusive).