Chartered Logistics Limited has scheduled its 31st Annual General Meeting (AGM) for September 25, 2026. The meeting will convene at the company's registered office in Ahmedabad to transact ordinary business, including the adoption of audited financial statements for the fiscal year ended March 31, 2026.

The notice, issued on August 31, 2026, outlines key agenda items for shareholders. These include the reappointment of Managing Director Lalit Kumar Gandhi, who retires by rotation but is eligible and has offered himself for re-election. Additionally, shareholders will vote on the reappointment of M/s Prakash Tekwani & Associates as statutory auditors for a second term of five years, extending until the conclusion of the 36th AGM in 2031.

Governance and Leadership

Mr. Harsh Gandhi resigned from his position as Whole Time Director effective June 25, 2026. The Board of Directors currently comprises Mr. Lalit Kumar Gandhi as Managing Director, alongside independent directors Mr. Jaymin Bhati, Ms. Priyanka K. Gola, and Mr. Dipesh F. Gundesha. Ms. Hirvita Shah serves as the Company Secretary and Compliance Officer.

In his letter to shareholders, Managing Director Lalit Kumar Gandhi noted that the company navigated external challenges during FY26, including rising fuel prices and labor shortages in the transportation sector. He emphasized the management's focus on long-term value creation through sound business strategy and prudent risk oversight.

Voting and Record Details

The register of members will remain closed from September 19, 2026, to September 25, 2026. Eligible shareholders can cast their votes via remote e-voting through the National Securities Depository Limited (NSDL) platform. The e-voting window opens on September 22, 2026, at 9:00 am and closes on September 24, 2026, at 5:00 pm.

Shareholders holding shares as on the cut-off date of September 18, 2026, are entitled to vote. Those attending the physical meeting who have not voted remotely may use ballot papers. The company continues its green initiative by sending notices and annual reports electronically to registered email addresses.

Chartered Logistics reported a consolidated net loss of ₹232.41 lakh for the financial year ended March 31, 2026, reversing a net profit of ₹123.47 lakh in the previous year. The company’s revenue from operations declined by 6.6% to ₹7,154.76 lakh, reflecting softer domestic logistics volumes and the cessation of export services.

The standalone entity mirrored this downturn, posting a net loss of ₹226.63 lakh against a profit of ₹138.52 lakh in FY25. The Board of Directors did not recommend a dividend for the year and transferred no amounts to general reserves.

Financial Performance

Total income for the group stood at ₹7,411.17 lakh, down from ₹7,868.33 lakh in the prior period. While other income rose to ₹256.41 lakh from ₹207.23 lakh, driven largely by profit on the sale of shares and mutual funds, it was insufficient to offset higher operational costs relative to revenue.

Operating expenses remained robust at ₹6,414.45 lakh, representing approximately 89.6% of total revenue. Employee benefit expenses increased by 23.3% to ₹175.71 lakh, while finance costs decreased slightly to ₹218.59 lakh. Depreciation charges rose to ₹174.56 lakh from ₹159.83 lakh.

What the Numbers Show

A significant divergence exists between operating performance and reported losses due to tax adjustments. Before tax, the company incurred a loss of ₹33.69 lakh. However, the final net loss widened substantially because the company wrote off an excess tax provision of ₹170.64 lakh from earlier years. Without this non-recurring credit, the effective tax impact would have been different, highlighting that the core operational loss was relatively contained compared to the bottom-line figure.

Balance Sheet and Capital Structure

The company strengthened its equity base during the year by converting warrants into equity shares. It issued 34 lakh shares in October 2025 and 35 lakh shares in November 2025, raising capital to meet working requirements. Total borrowings stood at ₹2,141.62 lakh, comprising ₹623.12 lakh in long-term debt and ₹1,518.50 lakh in current borrowings.

Cash and cash equivalents increased to ₹718.18 lakh from ₹361.93 lakh, supported by cash generated from operations of ₹694.17 lakh. Trade receivables declined to ₹2,517.73 lakh from ₹2,724.74 lakh, indicating improved collection efficiency despite lower sales.

Corporate Governance and Compliance

Mr. Lalit Kumar Gandhi retires by rotation at the upcoming Annual General Meeting on September 25, 2026, and offers himself for reappointment. The Board also recommends the reappointment of Prakash Tekwani & Associates as statutory auditors for a second consecutive term of five years.

The secretarial audit report noted delays in filing disclosures under SEBI’s Substantial Acquisition of Shares and Takeovers Regulations and belated entries in the Structured Digital Database software. The Board attributed these lapses to technical difficulties and delayed receipt of declarations from promoters.