Caliber Mining and Logistics has dispatched the notice for its 12th Annual General Meeting, scheduled to be held on Wednesday, September 30, 2026. The company informed stock exchanges that the notice, along with financial statements for FY26, was sent electronically to members on September 5, 2026.

Meeting Details

The AGM will be conducted through Video Conference or Other Audio-Visual Means (OAVM) in compliance with MCA and SEBI circulars. The proceedings will be deemed conducted at the corporate office in Nagpur. Shareholders holding shares as of the cut-off date are eligible to vote.

E-Voting Process

Remote e-voting commenced on Saturday, September 26, 2026, at 9:00 am and concluded on Tuesday, September 29, 2026, at 5:00 pm. Voting was facilitated through the National Securities Depository Limited portal. M/s. Sachin Singh & Associates served as the scrutinizer to ensure a fair voting process.

Book Closure

The Register of Members and Share Transfer Register will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026. This action is taken in compliance with Regulation 42 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Annual Report Access

Pursuant to Regulation 30 and 36(1)(b) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the company sent a letter providing a web-link of the Annual Report for FY26 to members who have not registered their email addresses with the company or depositories. The Annual Report for FY26, including the Notice of the 12th AGM, is available on the company's website. Members without registered emails were informed via letter dated September 7, 2026, signed by Company Secretary Riddhi Harish Varma.

Caliber Mining & Logistics reported a 67.1% year-on-year surge in consolidated revenue from operations to ₹6,570.51 crore for the quarter ended June 30, 2026 (Q1FY27), driven by higher throughput and operational scale-up following its recent Initial Public Offering. However, net profit after tax declined 21.6% to ₹297.60 crore from ₹379.42 crore in the corresponding prior-year period, as EBITDA margins contracted sharply to 16.80% from 24.33%. The Board of Directors approved the unaudited standalone and consolidated financial results on August 11, 2026. The company also disclosed a robust closing order book of ₹9,124.81 crore, providing multi-year revenue visibility.

The top-line growth was primarily fueled by increased activity across coal mining and logistics services. Coal extraction volumes rose to 1.54 million tonnes (MT) from 1.21 MT year-on-year, while overburden removal surged 51.9% to 43.37 million cubic metres (Mcum) from 28.56 Mcum. Despite the volume growth, operating expenses outpaced income generation, rising 83.7% to ₹5,466.79 crore. Statutory auditors Kailash Chand Jain & Co. issued an unmodified limited review report on the financial statements, confirming compliance with Ind AS 34 and SEBI Listing Regulations.

Q1FY27 Financial Highlights

The table below summarises the key consolidated financial metrics for the quarter:

On a standalone basis, revenue from operations stood at ₹6,569.33 crore, with net profit after tax at ₹297.21 crore. The Group identified mining and logistics services as its only reportable segment under Ind AS 108.

Operational Performance and Segment Mix

Coal mining services remained the dominant revenue contributor, accounting for 90.9% of total revenue with ₹5,972.75 crore in Q1FY27, up significantly from ₹1,444.18 crore in Q1FY26. Logistics revenue declined to ₹51.86 crore from ₹208.67 crore, representing 7.9% of the mix. Rake loading and rail coordination services contributed minimally at ₹7.17 crore and ₹0.16 crore respectively.

Operational highlights include:

• Coal Extraction: 1.54 MT (Q1FY27) vs 1.21 MT (Q1FY26)
• Coal Loaded on Rakes: 4.77 MT vs 4.46 MT
• Overburden Removal: 43.37 Mcum vs 28.56 Mcum
• Fleet Size: 2,033 vehicles as of June 2026

Order Book and Credit Rating Upgrade

The company’s consolidated order book grew substantially during the quarter. Opening at ₹5,668.30 crore on April 1, 2026, it saw additions of ₹4,044.89 crore from new orders and extensions, including significant contracts for Dhoptala-2 New (₹1,024.17 crore), Dudhichua-2 New (₹1,430.51 crore), and Jayant-2 New (₹1,485.91 crore). After executing ₹588.37 crore worth of work, the closing order book stood at ₹9,124.81 crore as of June 30, 2026, with an average tenure of 46 months.

In August 2026, CRISIL Ratings upgraded Caliber Mining’s bank facility ratings, reflecting a strengthening credit profile post-IPO. The long-term rating was upgraded one notch from ‘Crisil BBB+/Stable’ to ‘Crisil A-/Positive’, while the short-term rating improved from ‘Crisil A2’ to ‘Crisil A2+’. This covers total bank loan facilities of ₹1,414.90 crore.

What the Numbers Show

The divergence between revenue growth (67%) and EBITDA growth (15%) highlights margin pressure during the scale-up phase. Management noted that diesel cost pass-through inflates revenue without adding margin; normalizing for this factor yields an adjusted EBITDA margin of 20.02%. The company targets FY27 revenue growth of 45-50% YoY and EBITDA growth of over 35%, expecting margin recovery as fuel costs normalize and fleet efficiencies take hold. The robust order book, exceeding five times FY26 consolidated revenue, provides strong visibility for sustained execution.