The board of Chartered Logistics approved a working capital term loan facility from HDFC Bank during its meeting on August 27, 2026. The directors also authorized the evaluation of a proposal to purchase electric vehicles for deployment in the company’s logistics operations.

The meeting commenced at 11:00 am and concluded at 2:45 pm at the company’s registered office in Ahmedabad. The decisions were taken pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Strategic Shift to Electric Mobility

The board decided to opt for EV trucks to enhance operational efficiency. The proposal is currently under discussion, with details regarding the number of vehicles, investment amount, financing arrangements, and implementation timeline yet to be finalized.

The transition aims to deliver long-term cost benefits through:

• Lower fuel and energy costs
• Reduced maintenance expenses
• Improved overall cost efficiency

Management stated that the move aligns with the company’s commitment to green energy and sustainable business practices. The adoption of electric mobility is expected to reduce carbon emissions and dependence on conventional fossil fuels.

Regulatory Compliance

Hirvita Rohan Soni, Company Secretary and Compliance Officer, signed the disclosure filed with the BSE Limited. The outcome was communicated to the Department of Corporate Services at Phiroze Jeejeebhoy Towers in Mumbai on August 27, 2026.

Chartered Logistics Limited reported a standalone net profit of ₹2.02 crore for the quarter ended June 30, 2026, remaining largely flat compared to ₹2.02 crore in the corresponding period of the previous fiscal year. Consolidated net profit stood at ₹1.97 crore, down slightly from ₹2.02 crore a year ago.

Revenue from operations contracted by approximately 9% year-on-year to ₹17.27 crore in the current quarter, compared to ₹19.07 crore in Q1FY25. The decline in top-line growth was accompanied by a reduction in operating expenses, which fell to ₹15.37 crore from ₹17.17 crore in the prior year quarter.

The Board of Directors approved the unaudited financial results during its meeting held on August 12, 2026. The statutory auditors, Prakash Tekwani & Associates, issued an unqualified review report on the standalone and consolidated financial statements prepared under Ind AS.

Corporate Developments

The Board took note of the resignation of Mr. Harsh Gandhi as Whole Time Director and appreciated his services to the company. Additionally, the Board approved the notice for the 31st Annual General Meeting (AGM), scheduled for September 25, 2026. The register of members will remain closed from September 19 to September 25, 2026, with September 14, 2026, fixed as the cut-off date for determining voting eligibility.

In a strategic move towards sustainability, the Board considered and noted ongoing discussions to purchase electric vehicle (EV) trucks for its logistics business operations.

What the Numbers Show

A key divergence in the financials is the treatment of other income versus operating performance. While revenue from operations declined, other income contributed significantly to the total income mix, standing at ₹1.94 crore against operating revenue of ₹17.27 crore. This indicates that non-operating items continue to play a material role in the company’s overall profitability profile, offsetting some of the pressure from lower core logistics revenues.

Financial Highlights

For the consolidated entity, total expenses were recorded at ₹17.13 crore, slightly higher than the standalone figure of ₹17.08 crore, reflecting inter-company eliminations or subsidiary costs. The consolidated net profit before tax was ₹2.07 crore, compared to ₹2.12 crore on a standalone basis.