Duke Offshore Limited has filed its quarterly compliance certificate with the Bombay Stock Exchange for the quarter ended March 31, 2026, in accordance with SEBI regulations governing depositories and participants.

Regulatory Compliance Filing

The company submitted its confirmation certificate under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. The certificate was issued by Purva Sharegistry India Pvt. Ltd., which serves as the company's registered share transfer agent.

Dematerialization Activity Summary

During the quarter ended March 31, 2026, Duke Offshore processed dematerialization requests for multiple shareholders. The activity demonstrates ongoing investor participation in converting physical share certificates to electronic form.

Shareholder Dematerialization Details

The dematerialization activity involved four distinct shareholders with varying transaction sizes. The largest single dematerialization was processed for Rashmikant Kantilal Shah, involving 2,000 shares across multiple certificates on January 16, 2026.

Key shareholder transactions included:

• Rashmikant Kantilal Shah: 2,000 shares across 3 certificates
• Neeta Surendra Doshi: 800 shares across 5 certificates
• Ivan Gueizelar: 400 shares across 3 certificates
• Ashok Kumar Harchandani: 500 shares in 1 certificate
• Anil Kochhar: 100 shares in 1 certificate

Compliance Confirmation

Purva Sharegistry confirmed that all securities received from depository participants during the quarter were properly processed within prescribed timelines. The share transfer agent verified that dematerialized certificates were mutilated and cancelled after due verification, with depositories' names substituted in the register of members as registered owners.

The compliance certificate ensures adherence to SEBI regulations governing the dematerialization process and maintains transparency in share transfer operations for the quarter ended March 31, 2026.

Duke Offshore Limited announced its unaudited standalone financial results for the quarter ended December 31, 2025, following approval by the Board of Directors at their meeting held on February 14, 2026. The company operates exclusively in marine engineering and shipping services.

Financial Performance Overview

The company reported revenue from operations of ₹145.14 lakhs for the quarter ended December 31, 2025. However, the company recorded negative other income of ₹1.85 lakhs, resulting in total income of ₹143.29 lakhs for the quarter.

Expense Structure and Profitability

The company's total expenses for the quarter amounted to ₹55.73 lakhs, comprising various operational costs. Employee benefits expenses stood at ₹32.49 lakhs, while finance costs were ₹6.03 lakhs. Depreciation and amortization expenses totaled ₹17.21 lakhs for the quarter.

The company achieved a profit before tax of ₹89.41 lakhs. Notably, there were no current tax expenses recorded for the quarter, and the company reported a net profit of ₹89.41 lakhs, which also represents the total comprehensive income for the period.

Earnings Per Share and Capital Structure

The company reported basic and diluted earnings per share of ₹0.91 each for the quarter (not annualized), based on a face value of ₹10 per share. The paid-up equity share capital remains at ₹985.72 lakhs, with other equity excluding revaluation reserve showing a negative balance.

Regulatory Compliance and Labor Code Impact

The company has recognized the impact of India's consolidated labor legislation framework, which became effective from November 21, 2025. The new codes include the Code on Wages 2019, Code on Social Security 2020, Industrial Relations Code 2020, and Occupational Safety, Health and Working Conditions Code 2020. Management assessed a differential impact of ₹9,40,631 based on internal evaluation and confirmed adequate provisioning in the books as of December 31, 2025.

Auditor Review and Compliance

The statutory auditors, Kirtane & Pandit LLP, issued an unmodified opinion on the financial results for the quarter and nine months ended December 31, 2025. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and comply with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The financial results are available on the BSE Limited website and the company's official website for stakeholder reference.

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