Key Financial Figures (Amounts in ₹ Lakhs)

Income Statement Highlights:

  • Revenue from operations: ₹14,301.93 (FY25: ₹10,299.33) - 38.9% increase
  • Other Income: ₹22.87 (FY25: ₹8.33)
  • Total Income: ₹14,324.80 (FY25: ₹10,307.65)
  • Cost of Services Provided: ₹13,663.88 (FY25: ₹9,653.77)
  • Employee benefits expense: ₹132.82 (FY25: ₹152.53)
  • Finance costs: ₹3.87 (FY25: ₹7.33)
  • Depreciation and amortization: ₹15.13 (FY25: ₹13.32)
  • Other expenses: ₹256.40 (FY25: ₹178.15)
  • Profit Before Tax: ₹252.70 (FY25: ₹302.55) - 16.5% decrease
  • Tax Expense: ₹64.13 (FY25: ₹76.15)
  • Profit for the period: ₹188.57 (FY25: ₹226.40) - 16.7% decrease
  • Transfer to General Reserve: ₹188.57 (FY25: ₹226.40)

Balance Sheet Highlights:

  • Share Capital: ₹381.12 lakhs (38,11,200 equity shares of ₹10 each) - unchanged
  • Reserves and Surplus: ₹1,229.97 (FY25: ₹1,041.40)
  • Total Equity: ₹1,611.09 (FY25: ₹1,422.52)
  • Long Term Provisions: ₹19.56 (FY25: ₹17.57)
  • Trade Payables: ₹485.09 (FY25: ₹295.09)
  • Other Current Liabilities: ₹36.41 (FY25: ₹37.64)
  • Short Term Provisions: ₹75.13 (FY25: ₹88.11)
  • Property, Plant and Equipment: ₹35.63 (FY25: ₹36.80)
  • Deferred Tax Asset: ₹11.37 (FY25: ₹9.66)
  • Trade Receivables: ₹1,509.09 (FY25: ₹1,205.83) - includes unbilled revenue of ₹235.00 lakhs (FY25: ₹137.01)
  • Cash and Bank Balances: ₹439.49 (FY25: ₹431.65)
  • Cash and Cash Equivalents: ₹172.50 (FY25: ₹398.77)
  • Other Bank Balances: ₹267.00 (FY25: ₹32.88)

Key Ratios:

  • Current Ratio: 3.65 (FY25: 4.31)
  • Debtor Turnover Ratio: 9.48 times (FY25: 8.54 times)
  • Working Capital Turnover Ratio: 9.03 times (FY25: 7.39 times)
  • Return on Equity: 11.70% (FY25: 15.92%)
  • Return on Capital Employed: 15.93% (FY25: 21.78%)
  • Earnings Per Share (Basic & Diluted): ₹4.95 (FY25: ₹6.68)

Business Operations and Services

The company provides integrated multi-modal logistics solutions through:

Road Freight Services:

  • Nationwide coverage with full truckload (FTL) and less than truckload (LTL) options
  • Partnerships with local lorry dealers and drivers
  • Services include route planning, booking, loading, en-route management, and last-mile delivery

Rail Freight Services:

  • Business associate of Container Corporation of India Limited (CONCOR)
  • Acts as aggregator consolidating cargo from various customers
  • Handles goods including glass, plywood, edible oil, papers, steel, iron, finished goods, scrap, and liquor
  • Classified in Golden Category as per CONCOR policy, ranked among top 4 transporters

Coastal Shipment Services:

  • Coastal containerized services linking major Indian ports
  • Sole vendor arrangement with M/s. Avana Logistek Limited
  • Provides alternative to congested road transportation

Client Industries Served:

  • Iron & Steel, Paper, FMCG, Glass, Construction Materials, Pharmaceutical, and Chemical industries
  • Long-standing customer relationships exceeding 10 years with selected major customers

Corporate Structure and Management

Board of Directors:

1. Mr. Narayan Agarwal - Managing Director (DIN: 06944330) - 18+ years experience

2. Mr. Summit Agarwal - Executive Director and CFO (DIN: 08781729) - Chartered Accountant

3. Mr. Manoj Goel - Executive Director (DIN: 06944326) - 18+ years experience

4. Ms. Nidhi Agarwal - Non-Executive Director (DIN: 10235344)

5. Mr. Sandip Agarwal - Independent Director (DIN: 08737813)

6. Mr. Kumar Shreyans - Independent Director (DIN: 08869440)

Key Managerial Personnel:

  • Mr. Narayan Agarwal - Managing Director
  • Mr. Summit Agarwal - CFO
  • Ms. Neha Shukla - Company Secretary & Compliance Officer (Membership No: A54243)

Board Committees:

  • Audit Committee: Mr. Sandip Agarwal (Chairperson), Mr. Kumar Shreyans, Mr. Narayan Agarwal
  • Nomination and Remuneration Committee: Mr. Sandip Agarwal (Chairperson), Mr. Kumar Shreyans, Ms. Nidhi Agarwal
  • Stakeholders Relationship Committee: Mr. Sandip Agarwal (Chairperson), Ms. Nidhi Agarwal, Mr. Narayan Agarwal
  • Internal Complaints Committee: Ms. Nidhi Agarwal (Presiding Officer), Ms. Sikha Agarwal, Mr. Manoj Goel, Mr. Nikesh Garg

Board Meetings:

  • 4 Board meetings held during FY26 (April 10, May 30, September 2, November 14, 2025)
  • 100% attendance by all directors
  • 4 Audit Committee meetings, 1 Nomination and Remuneration Committee meeting, 1 Stakeholders Relationship Committee meeting

Capital Structure

  • Authorized Share Capital: ₹4,00,00,000 divided into 40,00,000 equity shares of ₹10 each
  • Paid-up Share Capital: ₹3,81,12,000 divided into 38,11,200 equity shares of ₹10 each
  • Promoter Shareholding: 73.46% (28,00,000 shares)
  • Narayan Agarwal: 51.42% (19,59,776 shares)
  • Summit Agarwal: 1.98% (75,600 shares)
  • Manoj Goel: 20.06% (7,64,400 shares)
  • Listing Information: BSE SME Platform, Scrip Code: 544237, ISIN: INE0QA901010
  • Listing Date: August 30, 2024

Regulatory and Compliance Information

Auditors:

  • Statutory Auditor: M/s Jay Gupta & Associates, Chartered Accountants, Kolkata (FRN: 329001E)
  • Appointed for 5 years from FY 2023-24 to FY 2028-29
  • Clean audit report without qualifications, reservations, or adverse remarks
  • Secretarial Auditor: M/s Mamta Binani & Associates, Practising Company Secretaries
  • Remuneration: ₹2,00,000 per annum plus taxes
  • Clean secretarial audit report
  • Internal Auditor: Mr. Sanjay Kumar

Registrar & Share Transfer Agent:

Bigshare Services Pvt. Ltd., Mumbai (SEBI Reg. No.: INR000001385)

Compliance Status:

  • No material orders from regulators/courts/tribunals
  • No frauds reported by auditors under Section 143(12)
  • No defaults in repayment of loans from banks/financial institutions
  • No pending litigations impacting financial position
  • No deposits accepted under Sections 73 and 74 of Companies Act
  • No changes in nature of business during FY26
  • CSR provisions not applicable to the company

Employee Information

  • Total Employees: 16 (Female: 04, Male: 12)
  • Gratuity Liability: ₹29.37 lakhs (unfunded)
  • Current liability: ₹9.81 lakhs
  • Non-current liability: ₹19.56 lakhs
  • Remuneration Ratio:
  • MD remuneration to median employee: 7.69:1
  • CFO remuneration to median employee: 4.81:1
  • Executive Director remuneration to median employee: 5.77:1
  • Compliance with Maternity Benefit Act, 1961 confirmed

Related Party Transactions

Transactions entered with related parties on arm's length basis:

  • Remuneration to Directors: ₹26.00 lakhs
  • Advances from Directors: ₹670.00 lakhs (Narayan Agarwal: ₹629.00L, Manoj Goel: ₹41.00L)
  • Rent paid to Rapid Roadlines of India: ₹12.00 lakhs
  • Purchases from Nidhi Roadlines: ₹2,206.68 lakhs

Contingent Liabilities

  • Bank Guarantees: ₹540.00 lakhs (Financial: ₹500L, Performance: ₹40L)
  • TDS Demand: ₹0.03 lakhs
  • Claims against company: Unascertainable

Annual General Meeting

  • 6th AGM Date: September 29, 2026
  • Time: 11:00 AM
  • Venue: Registered Office, Chennai
  • Business:

1. Adoption of audited financial statements

2. Approval of Directors' Report and MD&A

3. Re-appointment of Mr. Manoj Goel (retiring by rotation)

Auditor's Key Audit Matter

Revenue recognition from transportation and freight services was identified as a key audit matter due to:

  • High volume of transactions across multiple customers and routes
  • Management judgment involved in estimating unbilled revenue of ₹235.00 lakhs
  • Audit procedures included testing of trip records, contractual rates, and cut-off procedures

#Tags: #RapidMultimodalLogistics #AnnualReport #SEBIDisclosure #FinancialResults #LogisticsSector #RegulatoryCompliance #BSEListing #Neutral