Key Quantitative Figures

Consolidated Financial Results (Q2 FY27):

  • Revenue from Operations: ₹5,920.87 million
  • Other Income: ₹136.75 million
  • Total Income: ₹6,057.62 million
  • Total Expenses: ₹6,194.76 million
  • Net Loss: ₹137.14 million
  • Basic & Diluted EPS: (₹0.21) per share
  • Paid-up Equity Share Capital: ₹6,362.50 million (Face value ₹10 each)

Consolidated Financial Results (H1 FY27):

  • Revenue from Operations: ₹12,657.34 million
  • Other Income: ₹335.36 million
  • Total Income: ₹12,992.70 million
  • Total Expenses: ₹13,123.89 million
  • Net Loss: ₹131.19 million
  • Basic & Diluted EPS: (₹0.19) per share

Standalone Financial Results (Q2 FY27):

  • Revenue from Operations: ₹5,807.22 million
  • Other Income: ₹148.63 million
  • Total Income: ₹5,955.85 million
  • Total Expenses: ₹5,754.21 million
  • Net Profit: ₹201.64 million
  • Basic & Diluted EPS: ₹0.31 per share

Standalone Financial Results (H1 FY27):

  • Revenue from Operations: ₹12,394.67 million
  • Other Income: ₹367.92 million
  • Total Income: ₹12,762.59 million
  • Total Expenses: ₹12,367.62 million
  • Net Profit: ₹394.97 million
  • Basic & Diluted EPS: ₹0.59 per share

Segment Information (Consolidated):

  • Core Business Revenue (Q2): ₹4,117.37 million
  • Emerging Business Revenue (Q2): ₹1,803.50 million
  • Core Business Segment Result (Q2): ₹526.87 million
  • Emerging Business Segment Result (Q2): (₹437.49) million

Dates of Action

  • Board Meeting: November 05, 2026 (10:20 AM to 11:17 AM IST)
  • Resignation of Nikhil Kumar: Effective close of business hours November 05, 2026
  • Appointment of Anil Kumar: Effective November 06, 2026
  • Cybersecurity Incident: Reported September 16, 2026
  • IPO Listing Date: August 19, 2026
  • Monitoring Report Period: Quarter ended September 30, 2026

Parties Involved

  • Subsidiaries: Pickrr Technologies Private Limited, Omuni Private Limited, Shiprocket Pte. Ltd., Logitrust Freight Services Private Limited, Merchant Shiprocket App Private Limited, Shiprocket Inc.
  • Associate: Logibricks Technologies Private Limited
  • Statutory Auditors: BSR & Co. LLP
  • Monitoring Agency: CARE Ratings Limited
  • Regulators: SEBI, CERT-In
  • Banks: HDFC Bank, ICICI Bank, Yes Bank, Axis Bank

IPO Proceeds Utilization

Net Proceeds Received: ₹8,249.95 million

Utilization as of September 30, 2026:

  • Debt Repayment: ₹2,100.00 million (full utilization)
  • General Corporate Purposes: ₹60.64 million (vendor payments to Bluedart Express ₹40.84 million, Delhivery Limited ₹19.80 million)
  • Marketing Initiatives: ₹0 (unutilized balance ₹2,058.00 million)
  • Technology Infrastructure: ₹0 (unutilized balance ₹1,598.00 million)
  • Inorganic Growth: ₹0 (unutilized balance ₹2,493.95 million)
  • Offer Expenses: ₹0 (unutilized balance ₹60.50 million)

Unutilized Proceeds Deployment:

  • Fixed Deposits: ₹550.00 million across HDFC Bank, ICICI Bank, Yes Bank, and Axis Bank with returns between 6.10%-6.75%
  • Monitoring Account: ₹3.38 million
  • Public Issue Account: ₹61.74 million
  • Total Unutilized: ₹614.86 million

Management Changes

Resignation:

  • Nikhil Kumar resigned as Company Secretary and Compliance Officer
  • Effective: Close of business hours November 05, 2026
  • Reason: Taking additional responsibilities in Shiprocket group
  • Membership Number: A48353

Appointment:

  • Anil Kumar appointed as Company Secretary and Compliance Officer
  • Effective: November 06, 2026
  • Membership Number: F8023
  • Qualifications: Commerce Graduate, Law Graduate, Master of Laws (Corporate Laws), Fellow member of ICSI
  • Experience: 17+ years in corporate governance, previously with AceVector Limited, Unicommerce eSolutions Limited, Ethos Limited, Parabolic Drugs Limited

Cybersecurity Incident

  • Date: September 16, 2026
  • Nature: Unsolicited email claiming unauthorized access to systems
  • Actions Taken: Reported to CERT-In, filed complaint with law enforcement, engaged external forensic and cyber security specialists
  • Assessment: No payment card or bank account information found; no impact on core systems, operations, or financial results
  • Current Status: Remedial measures being implemented, full-scope data validation and independent security assessment initiated

Financial Impact Assessment

  • Cybersecurity Incident: No financial impact confirmed
  • IPO Proceeds Utilization: ₹270.64 million utilized of ₹885.50 million total proceeds
  • Segment Performance: Emerging business continues to report losses (₹437.49 million in Q2) while core business remains profitable (₹526.87 million in Q2)

Capital Structure Impact

  • Post-IPO Equity Capital: ₹7,275.49 million (increased from ₹6,362.50 million)
  • Shares Issued: 166,761,566 equity shares of face value ₹10 each
  • Fresh Issue: 91,299,203 shares
  • Offer for Sale: 75,462,363 shares
  • Issue Size: ₹16,174.85 million

Forward-Looking Statements

No explicit forward-looking guidance or management commentary provided in the disclosure.