exim routes disclosed that its promoters and promoter group members confirmed nil encumbrance on shares held by them during the financial year ended March 31, 2026. The confirmations, submitted to the National Stock Exchange of India Limited, ensure that no shares were pledged or encumbered directly or indirectly by the key stakeholders in FY26. The disclosure was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The company received confirmations from Manish Goyal, a promoter, and promoter group members Yogesh Goyal, Prem Lata Goyal, and Sushila Jora. Each stakeholder confirmed that as on March 31, 2026, nil shares of the company were under encumbrance or pledge. The letters were dated April 7, 2026, and addressed to the exchange.

Disclosure Details

The following table summarizes the disclosures received from the promoters and promoter group members:

The filing was submitted by Richa Anand, Company Secretary & Compliance Officer of Exim Routes Limited, on April 23, 2026. The company, formerly known as Exim Routes Private Limited, requested the exchange to acknowledge receipt of the disclosures.

Exim Routes Limited has reported its financial results for the year ended March 31, 2026, via a transcript of its earnings call held on June 8, 2026. The company achieved a 72% year-on-year increase in revenue from operations, which reached ₹207 crores compared to ₹121 crores in FY25. Profit after tax grew by 35% to ₹10.2 crores, while earnings per share adjusted for the IPO rose to ₹6.05 from ₹5.22.

The company’s EBITDA for FY26 stood at ₹14.1 crores, an increase of 38% over the previous year. However, the EBITDA margin contracted to 6.8% from 8.5%, primarily due to a deliberate shift in sourcing mix towards higher-cost UK and European markets and elevated global freight costs. Despite this, the core trading margin improved by 3 percentage points to 22.4%, indicating stronger underlying economics.

Financial Highlights

Exim Routes ended the year as a net cash-positive entity, with bank balances exceeding ₹17 crores against total debt of nearly ₹16 crores. The net worth tripled to ₹68.7 crores following the initial public offering in December. Trade receivables increased to ₹59 crores, a growth-funded build driven by the expansion of the trading book and the onboarding of new suppliers on tighter credit terms.

Operational and Strategic Updates

The company operates through two primary segments: products and services. The product segment, which is the core trading business, generated approximately ₹203 crores in revenue. The services segment, including the ERIS platform and logistics services, grew by 13% to ₹4.4 crores, operating at higher margins.

Management outlined four key growth pillars for FY27: strengthening global recycling yard relationships, scaling shipping logistics to 10,000 containers, enhancing capital efficiency through invoice financing, and leveraging the ERIS technology platform. The company has secured a ₹20 crore debt facility with a Tier-1 bank and agreed to terms with an invoice financing provider, starting with an initial limit of ₹2.5 crores targeting a scale-up to ₹15 crores.

For FY27, Exim Routes targets a revenue growth of 30% to 50%, aiming to reach ₹300 crores at the upper end. The company noted that the business is structurally second-half weighted, with H1 typically generating 30% to 35% of full-year EBITDA.