Key Financial Figures (FY 2025-26)

  • Total Revenue: ₹22,378.66 lakhs (₹223.79 Cr), up 11.00% YoY
  • Total Expenditure: ₹20,325.21 lakhs, up 10.02% YoY
  • EBITDA: ₹2,001.43 lakhs (₹20.01 Cr), up 23% YoY
  • PAT: ₹1,052.60 lakhs (₹10.53 Cr), up 26.01% YoY
  • EPS: ₹11.67 (basic and diluted), up from ₹9.26 in FY25
  • EBITDA Margin: 9.0% (up 90 bps from 8.1%)
  • PAT Margin: 4.7% (up 56 bps from 4.2%)

IPO and Listing Details

  • Equity shares listed on BSE SME platform on 07.07.2026
  • IPO issued 32,40,000 fully paid equity shares of ₹10 each at issue price of ₹84 per share
  • Fresh capital raised: Approximately ₹27.2 Cr
  • Paid-up share capital increased from ₹901.87 lakhs (9,01,87,500 shares) to ₹1,225.87 lakhs (12,25,87,500 shares) post-IPO

Operational Highlights

  • Client Base: 2,000+ corporate clients
  • Warehousing: 1,24,500 sq ft across 8 warehouses
  • Employees: 342 employees
  • Service Coverage: 14,000+ pin codes, 50+ transshipment hubs, 47 airports, 40+ railway stations
  • Revenue Mix: 52% from higher-value air and rail services

Board and Management Changes

  • CFO Change: Mr. Sudarshan Jain resigned on 03.08.2026; Mr. Anil Periwal appointed as new CFO on 05.09.2026
  • Director Re-designation: Ms. Renu Rathi requested re-designation from Executive Director to Non-Executive Director, approved by Board on 05.09.2026 subject to shareholder approval
  • Board Composition: 5 Directors (2 Executive, 1 Non-Executive, 2 Independent)

Annual General Meeting Details

  • Date: Tuesday, 29th September 2026 at 4:00 PM IST
  • Mode: Video Conferencing/Other Audio Visual Means
  • Cut-off date for e-voting: Tuesday, 22nd September 2026
  • Business to be transacted:

1. Adoption of financial statements

2. Re-appointment of Mr. Sanjay Kumar Rathi as Director

3. Re-designation of Ms. Renu Rathi as Non-Executive Director

Capital Structure Changes

  • Authorized Capital: ₹1,300.00 lakhs (unchanged)
  • Issued Capital: Increased from ₹901.87 lakhs to ₹1,225.87 lakhs post-IPO
  • Shareholding Pattern: Promoters hold 98% (Sanjay Kumar Rathi 94.84%, Renu Rathi 2.93%)

Corporate Actions

  • No dividend declared for FY 2025-26
  • No bonus issues, buybacks, or other corporate actions during the year

Subsequent Events (Post March 31, 2026)

  • Successful IPO and listing on BSE SME
  • ITAT order dated 13.04.2026 allowed appeal for AY 2017-18 and remanded appeals for AY 2016-17 and AY 2023-24 to CIT (Appeals)

Other Material Information

  • CSR Expenditure: ₹16.81 lakhs spent on National Apprenticeship Promotion Scheme
  • Contingent Liabilities: ₹671.38 lakhs relating to GST and income tax demands under appeal
  • Related Party Transactions: All transactions conducted at arm's length and disclosed in financial statements
  • Internal Financial Controls: Adequate and operating effectively as per auditor's report