The Board of Directors of the Company in its meeting held on Saturday, 14th February, 2026 has inter-alia considered and approved the following: 1. Unaudited Standalone and Consolidated ....
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The board approved unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025. On a standalone basis, total income rose to ₹40.26 lakhs in Q3 (vs ₹11.72 lakhs in Q3 FY25) and 9M profit stood at ₹62.55 lakhs (vs ₹14.02 lakhs). Consolidated figures jumped sharply after the company consolidated its newly acquired 98% stake in Anchorage Shipping (effective Dec 1, 2025), with Q3 revenue from operations of ₹344.27 lakhs and consolidated 9M PAT of ₹92.56 lakhs (vs ₹14.02 lakhs standalone). The board also appointed M/s. Abhishek M Agrawal & Co as internal auditors for FY 2025-26. The statutory auditor (Bilimoria Mehta & Co) issued a clean (unmodified) limited review report. Subsequent events include a jump in authorised share capital from ₹13 Cr to ₹40 Cr, approval to issue up to 2.83 crore convertible warrants to non-promoters, and International Logistics Associate LLC becoming a subsidiary on Jan 23, 2026.
Strong topline and bottomline growth on a consolidated basis, but it is largely driven by the new Anchorage Shipping acquisition rather than organic expansion. Existing shareholders should note the proposed preferential warrant issue to non-promoters, which could lead to significant dilution once exercised.