Key Financial Figures (FY 2025-26 vs FY 2024-25)

  • Revenue from Operations: ₹2,785.08 lakh (up from ₹2,181.77 lakh in FY25) - 27.7% growth
  • Total Revenue (incl. other income): ₹2,847.38 lakh (up from ₹2,188.49 lakh)
  • Profit Before Tax: ₹180.80 lakh (down from ₹266.67 lakh)
  • Profit After Tax: ₹125.61 lakh (down from ₹210.72 lakh) - 40.4% decline
  • Earnings Per Share: ₹4.22 (down from ₹10.18)
  • Reserves and Surplus: ₹1,722.72 lakh (up from ₹1,597.11 lakh)
  • Foreign Exchange Earnings: ₹1,371.39 lakh (up from ₹916.96 lakh)
  • Foreign Exchange Outgo: ₹247.21 lakh (down from ₹303.33 lakh)

Profit Decline Factors

As disclosed by management:

1. Lower margins in competitive market environment

2. Higher operating costs due to volume scaling

3. One-time higher gratuity provision of ₹27.49 lakh (vs ₹0.03 lakh previous year)

4. Increased investment in team building

Dividend Declaration

  • Recommended final dividend of ₹1 per equity share (face value ₹10 each)
  • First dividend since listing on BSE SME
  • Record date: September 18, 2026
  • Total dividend outflow: approximately ₹29.74 lakh
  • Payment through electronic mode only (no physical instruments)

Capital Structure

  • Authorized Share Capital: ₹300.00 lakh (30,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹297.44 lakh (29,74,424 equity shares of ₹10 each)
  • No change in share capital during the year
  • Major shareholders: Animesh Kumar (69.42%), Pallavi Dalal (5.31%)

Debt Position

  • All long-term property loans repaid in full during FY26
  • Company closed year with zero long-term debt
  • Finance costs reduced to ₹19.12 lakh (from ₹29.06 lakh previous year)

Operational Highlights

  • Growth driven by major airfreight mandate and sustained sea freight volumes
  • New corporate office established in Mumbai
  • Process initiated to acquire IATA accreditation for air business
  • Focus on integrated multimodal logistics solutions

AGM Details

  • Date: September 25, 2026 at 3:00 PM IST
  • Mode: Video Conferencing/Other Audio Visual Means
  • Ordinary Business:

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Mr. Animesh Kumar (DIN: 02534914) as director

3. Declaration of final dividend of ₹1 per share

  • Special Business: Revision in remuneration of Mrs. Shalini Abhiuday Verma, Whole-time Director

Remuneration Revision

  • Special resolution to revise remuneration for Mrs. Shalini Abhiuday Verma (DIN: 07040233)
  • Revised structure: ₹4,00,000/month (Apr-Sep 2025), ₹6,00,000/month (Oct 2025-Jan 2027)
  • One-time performance bonus: ₹4,00,000 for FY 2025-26
  • Annual performance bonus equivalent to one month's salary for remaining term
  • Total FY26 remuneration: ₹64,00,000 (requires shareholder approval)

Board and Committee Composition

  • Executive Directors: Mr. Animesh Kumar (Managing Director), Mrs. Shalini Verma (Whole-time Director)
  • Independent Directors: Mr. Sunil Mishra, Mr. Debabrata Samaddar, Mr. Yogesh Gupta
  • Key Managerial Personnel: Ms. Sheela Anand Nadar (CFO), Mr. Vijay Kumar Jha (Company Secretary)
  • Board Meetings: 7 meetings held during FY26 with 100% attendance by executive directors

Auditor Reports

  • Statutory Auditors: M/s Bilimoria Mehta & Co. (appointed for 5 years until 21st AGM)
  • Audit Observations:
  • Remuneration paid to Whole-time Director exceeded approved limits (₹64 lakh vs approved ₹48 lakh)
  • Accounting software audit trail feature not enabled throughout the year
  • Secretarial Auditor: M/s M Sancheti & Associates
  • Internal Auditor: M/s Abhishek M Agrawal & Co.

Corporate Governance

  • Company exempt from corporate governance requirements as BSE SME listed entity
  • All independent directors submitted independence declarations
  • Board performance evaluation conducted annually
  • Vigil mechanism/whistle blower policy in place
  • No fraud reported by auditors under Section 143(12)

Other Disclosures

  • No material changes between year-end and report date
  • No subsidiary, joint venture or associate companies
  • No deposits accepted under Sections 73-76 of Companies Act
  • No significant material orders from regulators/courts
  • No CSR obligation applicable
  • Employee strength: 22 (15 male, 7 female)
  • No sexual harassment complaints received during FY26

Important Dates

  • Record Date for dividend: September 18, 2026
  • Remote e-voting period: September 22-24, 2026
  • Cut-off date for e-voting eligibility: September 18, 2026
  • Last date for shareholder queries: September 18, 2026