Summary of Key Information:

Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting

Audit Opinion:

Clean opinion - No qualifications or modifications. The limited review report states nothing has come to their attention that causes them to believe the financial results contain any material misstatement.

Key Financial Highlights [Amount in INR Lacs]:

Consolidated Results:

Revenue from Operations: Not separately disclosed but included in Total Income

Total Income: INR 122,517.32

EBITDA: Not disclosed

Net Profit: INR 2,678.96

EPS: Basic INR 1.69, Diluted INR 1.69 (not annualized)

Other Equity: Not specified for current quarter

Cash and Cash Equivalents: Not disclosed

Debt: Not disclosed

Standalone Results:

Revenue from Operations: Not separately disclosed but included in Total Income

Total Income: INR 68,168.05

EBITDA: Not disclosed

Net Profit: INR 1,404.93

EPS: Basic INR 1.21, Diluted INR 1.21 (not annualized)

Other Equity: Not specified for current quarter

Cash and Cash Equivalents: Not disclosed

Debt: Not disclosed

Performance Comparison:

Consolidated Q1 FY27 showed significant improvement:

  • Total Income: INR 122,517.32 vs INR 64,350.10 in Q1 FY25 (90% increase)
  • Net Profit: INR 2,678.96 vs INR 1,100.05 in Q1 FY25 (143% increase)

Standalone Q1 FY27 also showed strong growth:

  • Total Income: INR 68,168.05 vs INR 21,306.88 in Q1 FY25 (220% increase)
  • Net Profit: INR 1,404.93 vs INR 662.97 in Q1 FY25 (112% increase)

Segment-wise Performance:

The Group has only one reportable segment "Logistics services" as per Ind AS 108. Disclosures for operating segments are not applicable.

Corporate Actions:

Dividend: Declared first Interim Dividend of INR 0.25/- (2.5%) per equity share of face value of INR 10/- each for FY 2026-27

Record Date: Friday, October 9, 2026

Payment: To be paid within 30 days from declaration date

Other Significant Information:

Overseas Expansion:

Approved setting up of overseas offices/subsidiaries/joint ventures/associates in China, Malaysia, Indonesia, Singapore, and Philippines

Aggregate investment not exceeding INR 30 Crore over a period of time

Management Changes:

Designated Mr. Yashpal Sharma as Chief Executive Officer (CEO) in addition to his existing role as Chairman and Managing Director, effective September 17, 2026

Promoted Ms. Akshita Sehgal from Senior Manager to Assistant General Manager - Global Logistics and Corporate Strategy, effective September 18, 2026

Investments:

Approved incremental investment of up to INR 20 Crore in existing overseas subsidiaries

During the quarter, made investment of INR 180.00 lacs in wholly owned subsidiary Phantom Road Express Private Limited

Acquired 100% stake in Wintop Logistics Ind Private Limited for INR 1.00 lac

IPO Completion:

Subsequent to the quarter ended June 30, 2026, completed IPO of equity shares at issue price of INR 138 per share (including share premium of INR 128 per share)

Fresh issue of 2,88,98,300 equity shares aggregating INR 39,879.65 lacs

Offer for sale of 1,33,33,300 equity shares aggregating INR 18,399.95 lacs

Shares listed on NSE and BSE on September 1, 2026

Exceptional Items:

Statutory impact of new Labour Codes: None in current quarter, but INR 4.52 lacs in Q4 FY26 and INR 84.11 lacs in full year FY26

Due to notification of four Labour Codes consolidating 29 existing labour laws on November 21, 2025

Subsidiaries and Associates:

Consolidated results include 29 subsidiaries and 3 associates

5 subsidiaries reviewed by their auditors: Total revenues INR 13,889.06 lacs, net profit INR 384.90 lacs

2 associates reviewed by their auditors: Group's share of net profit INR 18.28 lacs

7 subsidiaries not reviewed: Total revenues INR 2,478.74 lacs, net profit INR 70.34 lacs

1 associate not reviewed: Group's share of net loss INR 0.17 lacs