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.

Harsh Gandhi has resigned as Whole Time Director of Chartered Logistics Ltd effective from the close of business hours on June 25, 2026. The resignation is attributed to personal reasons and other professional commitments. The company received the resignation communication on June 20, 2026.

In addition to his role at the parent company, Gandhi has also submitted his resignation as Director of Chartered Comcare IFSC Limited, a wholly owned subsidiary of Chartered Logistics Ltd. This resignation is effective from the close of business hours on June 30, 2026, also due to personal reasons.

Gandhi requested the company to complete the necessary statutory formalities, including filing Form DIR-12 with the Registrar of Companies (RoC) and notifying the stock exchanges as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The company has attached the resignation communications to its filing with BSE Limited.

The following table summarizes the key details of the resignations:

Chartered Logistics Ltd has informed BSE Limited regarding these developments. The company's Board will now proceed with the necessary regulatory filings to record these changes.