Key Quantitative Figures

Standalone Financial Results (Amounts in ₹ Lakhs):

  • Q4 FY26 Revenue from operations: ₹19,585.18
  • Q4 FY26 Total Income: ₹20,085.21
  • Q4 FY26 Profit before tax: ₹1,376.18
  • Q4 FY26 Profit for the period: ₹1,071.30
  • Q4 FY26 EPS (Basic & Diluted): ₹1.16
  • FY26 Revenue from operations: ₹72,258.81
  • FY26 Total Income: ₹72,940.41
  • FY26 Profit before tax: ₹5,078.30
  • FY26 Profit for the period: ₹3,771.62
  • FY26 EPS (Basic & Diluted): ₹4.38
  • Equity Share Capital: ₹1,848.06 lakhs (Face Value ₹2 each)
  • Other Equity: ₹26,249.88 lakhs

Consolidated Financial Results (Amounts in ₹ Lakhs):

  • Q4 FY26 Profit for the period: ₹1,067.22
  • Q4 FY26 EPS (Basic & Diluted): ₹1.15

Balance Sheet Position (as at March 31, 2026):

  • Total Assets: ₹36,708.36 lakhs (Standalone), ₹36,704.33 lakhs (Consolidated)
  • Total Equity: ₹28,097.94 lakhs (Standalone)
  • Current Assets: ₹30,907.81 lakhs (Standalone), ₹30,905.17 lakhs (Consolidated)
  • Current Liabilities: ₹8,115.10 lakhs (Standalone), ₹8,115.15 lakhs (Consolidated)

Dates of Action

  • Board Meeting Date: May 25, 2026 (3:30 PM to 5:30 PM)
  • Auditor Appointments Effective: Financial Year 2026-27
  • Designation Change Effective: June 1, 2026 (for Mr. Satheesh)
  • IPO Listing Date: October 7, 2025

Parties Involved

  • Statutory Auditors: M/s. CNGSN & Associates LLP (FRN: 004915S/S200036)
  • Tax Auditors: M/s. CNGSN & Associates LLP (appointed for FY 2026-27)
  • Transfer Pricing Auditors: M/s. CNGSN & Associates LLP (appointed for FY 2026-27)
  • Internal Auditors: M/s. PKF Sridhar & Santhanam LLP (appointed for FY 2026-27)
  • Monitoring Agency: Crisil Ratings Limited
  • Signatories: Nibedita Panda (Company Secretary), Ramkumar Senthilvel (Managing Director), V Vivek Anand (Partner, CNGSN & Associates LLP)

Financial and Operational Impact

IPO Utilization:

  • Total IPO Proceeds: ₹15,999.87 lakhs
  • Amount Utilized as of March 31, 2026: ₹7,125.59 lakhs
  • Amount Unutilized: ₹8,874.28 lakhs (held in Temporary Fixed Deposits)
  • Breakdown of Objects:
  • Capital Expenditure: ₹13,254.20 lakhs (₹4,385.05 utilized)
  • General Corporate Purposes: ₹1,265.87 lakhs (₹1,278.12 utilized)
  • Issue Expenses: ₹1,479.80 lakhs (₹1,462.50 utilized)
  • No deviation from objects of issue

Management Changes:

  • Six individuals stepped down from Senior Management Personnel (SMP) positions:
  • Mr. Rahman Khan H (Chief Sales Officer)
  • Mr. Vinothkumar M (Manager Ocean Exports)
  • Mr. Sarvankumar SS (Manager Customs Clearance & Operations)
  • Mr. Narendran Ranganthan (General Manager - Vietnam and Thailand)
  • Mr. Subash Selvan R (General Manager - Malaysia & Med Ports)
  • Mr. Navashakthi K (General Manager - Indonesia and Africa)
  • Mr. Suraj Prakash Gupta (Head Corporate Governance and Compliance)
  • Mr. Satheesh (Assistant General Manager)
  • Designation change: Mr. Satheesh from Senior Manager, Export Sales to Assistant General Manager effective June 1, 2026

Auditor Appointments:

  • M/s. CNGSN & Associates LLP: Appointed as Tax Auditors and Transfer Pricing Auditors for FY 2026-27
  • M/s. PKF Sridhar & Santhanam LLP: Appointed as Internal Auditors for FY 2026-27
  • Term: 1 year for all appointments

Capital Structure Impact

  • Equity Share Capital increased from ₹1,600.00 lakhs (March 31, 2025) to ₹1,848.06 lakhs (March 31, 2026)
  • Other Equity increased from ₹8,183.15 lakhs (March 31, 2025) to ₹26,249.88 lakhs (March 31, 2026)
  • IPO involved fresh issue of 1,24,03,000 shares amounting to ₹15,999.87 lakhs

Cash Flow Implications

  • Net cash from operating activities: (₹6,878.75) lakhs for FY26
  • Net cash used in investing activities: (₹9,916.84) lakhs for FY26
  • Net cash from financing activities: ₹17,278.04 lakhs for FY26 (primarily from IPO proceeds)
  • Cash and cash equivalents increased from ₹468.39 lakhs to ₹950.84 lakhs

Key Ratios (Standalone, as at March 31, 2026):

  • Current Ratio: 3.81 times
  • Debt-Equity Ratio: 0.18 times
  • Return on Equity: 19.91%
  • Net Profit Margin: 5.22%
  • Operating Margin: 6.86%