Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Chartered Logistics Ltd held its Board Meeting on May 22, 2026, where the Board approved the standalone and consolidated audited financial results for Q4 and the financial year ended March 31, 2026. The company reported a net loss of Rs 226.53 Lakhs on standalone basis and Rs 232.41 Lakhs on consolidated basis for FY26, a significant decline from net profit of Rs 138.68 Lakhs (standalone) and Rs 123.63 Lakhs (consolidated) in FY25. Revenue from operations declined to Rs 7,154.76 Lakhs from Rs 7,661.10 Lakhs. An exceptional item of Rs 170.64 Lakhs was recorded due to MAT Credit write-off of Rs 140.01 Lakhs. The Board also approved omnibus related party transactions for FY 2026-27. Statutory auditors Prakash Tekwani & Associates issued an unmodified (clean) opinion on the financial results. The company acquired 99.99% stake in subsidiary Chartered Comcare IFSC Limited during the year.
The company swung from profit to loss in FY26 with declining revenues and a MAT Credit write-off weighing on profitability. The clean audit opinion provides some comfort, but shareholders should monitor the turnaround plan given the significant earnings decline.