Brace Port Logistics Limited reported a net profit of ₹449.71 lacs for the financial year ended March 31, 2026, on the back of revenue from operations of ₹6,162.67 lacs. The board of directors, meeting on May 27, 2026, approved the audited standalone and consolidated financial results for the half-year and fiscal year ended March 31, 2026. Additionally, the board recommended a final dividend of ₹1.00 per equity share, subject to shareholder approval at the ensuing Annual General Meeting.

Financial Performance

The company recorded a total income of ₹6,321.86 lacs for the year ended March 31, 2026, compared to ₹8,651.85 lacs in the previous year. Total expenses for the period stood at ₹5,706.71 lacs. Profit before exceptional items and tax for the year was ₹615.15 lacs. The statutory auditors issued an unmodified opinion on the audited standalone financial results.

Dividend Declaration

The board recommended a final dividend of ₹1.00 per equity share, representing 10% of the face value of ₹10 each. This is in addition to the interim dividend of ₹0.85 per equity share declared and paid during the half-year ended March 31, 2026. The final dividend, if declared at the Annual General Meeting, will be paid to shareholders within 30 days from the date of declaration.

Operational Highlights

Brace Port Logistics operates in a single reportable segment: providing integrated logistics solutions, other specialised logistics services, and logistics operations. The company incorporated a foreign associate, AllGlobal Logistics Inc., in Canada on May 15, 2025, though operations had not commenced by the year-end. The company also assessed the financial impact of the newly notified Labour Codes, booking an exceptional item of ₹3.12 lacs primarily due to changes in gratuity and long-term compensated absences.

Utilization of Issue Proceeds

Pursuant to NSE Circular No. NSE/CML/2024/23, the company disclosed the utilization of issue proceeds for the half-year and year ended March 31, 2026. The total amount raised was ₹2,440.96 lacs, of which ₹2,431.67 lacs was utilized. The unutilized amount of ₹9.29 lacs pertains to issue expenses. Funds were deployed towards working capital requirements and general corporate purposes, with no deviation in utilization reported.

Brace Port Logistics Limited has informed the National Stock Exchange of India (NSE) that its Board of Directors has taken note of a fine levied for non-compliance with record date requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The non-compliance pertained to Regulation 42(2), 42(3), 42(4) and 45(5) for the month ended February 28, 2026.

In its meeting held on April 23, 2026, the Board acknowledged that the non-compliance was not wilful on the part of the company and advised ensuring compliance requirements more thoroughly in the future. The Board confirmed that the fine levied by the stock exchanges has been duly paid by the company.

The payment details for the fine are as follows:

The NSE had issued a notice on March 13, 2026, identifying the non-compliance and imposing a fine. The total fine payable was Rs. 10,000 plus GST at 18%, amounting to Rs. 11,800. The company has assured the exchange that it has always endeavoured to comply with applicable regulations and has taken necessary steps to strengthen its processes to avoid such inadvertent delays in future.

The company's Managing Director, Sachin Arora, signed the communication confirming the Board's comments and the payment of the fine. The communication was addressed to the Listing Department of NSE at Exchange Plaza, Bandra-Kurla Complex, Mumbai.

Fine Breakdown

The NSE notice provided the following breakdown of the fine imposed: