Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 and 33 of SEBI (LODR) Regulations, 2015

Audit Opinion:

Clean opinion. The statutory auditors, CNGSN & Associates LLP, issued a limited review report stating that nothing has come to their attention that causes them to believe that the unaudited financial results contain any material misstatement.

Auditor’s Comment:

No qualifications or modifications. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.

Key Financial Highlights [Amounts in ₹ Lakhs]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹27,647.65 (YoY growth: 28.8% from ₹21,471.08 in Q2 FY26)
  • Total Income: ₹27,833.08
  • Net Profit: ₹24.78 (YoY decline: 80.0% from ₹123.58 in Q2 FY26)
  • EPS: ₹0.03 (Basic and Diluted)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹51,008.53 (YoY growth: 33.2% from ₹38,286.59 in H1 FY26)
  • Total Income: ₹51,496.30
  • Net Profit: ₹108.37 (YoY decline: 55.2% from ₹242.09 in H1 FY26)
  • EPS: ₹1.18 (Basic and Diluted)

Balance Sheet (Standalone as of September 30, 2026):

  • Equity Share Capital: ₹1,848.06
  • Other Equity: ₹27,317.73
  • Total Equity: ₹29,165.79
  • Cash and Cash Equivalents: ₹4,973.94
  • Total Debt: ₹8,129.68 (Long Term Borrowings: ₹3,039.02 + Short Term Borrowings: ₹5,090.66)

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹27,647.65
  • Total Income: ₹27,833.08
  • Net Profit: ₹(2.10) (attributable to owners: ₹(2.10))
  • EPS: ₹(0.00) (Basic and Diluted)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹51,098.61
  • Total Income: ₹51,496.30
  • Net Profit: ₹1,065.71 (attributable to owners: ₹1,065.71)
  • EPS: ₹1.15 (Basic and Diluted)

Note: Consolidated financial statements are applicable to the company from March 18, 2026. Comparative figures for the quarter and period ended September 30, 2025 are not provided.

Segment-wise Performance:

The company operates only in freight forwarding activities and accordingly has only a single operating segment. There is no separate reportable segment as per Ind AS 108.

Corporate Actions:

  • No dividend declarations, share splits, bonus issues, or buybacks announced.
  • The board approved borrowing money from Mr. Kuttappan Manikandan (Promoter and Managing Director, DIN: 07754137) up to ₹30 Crores.
  • The board approved borrowing money from Mr. Ramkumar Senthilvel (Promoter and Managing Director, DIN: 07754138) up to ₹30 Crores.
  • Both loans are unsecured, interest-free, for working capital requirements, with a tenure of up to 5 years from each disbursement.

Other Significant Information:

  • The significant increase in Other Income during the period was primarily due to investment of IPO proceeds temporarily in Fixed Deposits.
  • The significant increase in depreciation and amortization expenses was due to the deployment of fixed assets funded through IPO proceeds and new warehouse lease agreements.
  • The decline in PAT was attributed to continued margin pressures from global economic uncertainties, prolonged geopolitical conflicts, volatility in bunker charges and freight rates, lower volumes of project cargo, bulk shipments, and sea import shipments.
  • The board reviewed and approved an Addendum to the Loan Agreement with Glottis Inc. (wholly-owned subsidiary), revising the interest rate from "WCDL rates prevailing at the time of disbursement" to "Borrowing Cost prevailing at the time of Disbursement +0.50 Spread" and reducing the loan amount from up to US$5,000,000 to up to US$500,000.