Global Ocean Logistics appoints Dharmesh B Mehta & Co as internal auditor for FY27

global ocean logistics India Limited has appointed M/s Dharmesh B Mehta & Co as its internal auditor for the financial year 2026-27. The decision was taken at a board meeting held on May 25, 2026, in compliance with Section 138 read with Rule 13 of the Companies (Accounts) Rules 2014, which mandates internal audits for listed companies.

The appointed firm, M/s Dharmesh B Mehta & Co, holds a Certificate of Practice No. 132125W and Membership No. 038242. The firm is registered at B-5, Gurudutt, R B Mehta Marg, Ghatkopar East, Mumbai – 400077, and can be contacted at dharmesh@dbmco.in .

Profile of the Appointed Firm

M/s Dharmesh B Mehta & Co is a well-established firm with over 15 years of experience in statutory audits, internal audits, tax audits, financial advisory, and IPO consultancy services. The firm operates across diverse sectors and is supported by a team of 7 semi-qualified professionals. Its long-standing association with Global Ocean Logistics India Limited is expected to provide a deep understanding of the business, financials, and historical trends, facilitating effective coordination and seamless execution.

Appointment Details

Particulars	Details
Name of the firm	M/s Dharmesh B Mehta & Co
Membership No.	038242
Certificate of Practice No.	132125W
Address	B-5, Gurudutt, R B Mehta Marg, Ghatkopar East, Mumbai – 400077
Email	dharmesh@dbmco.in
Reason for change	Appointment under Section 138 read with Rule 13 of the Companies (Accounts) Rules 2014
Date of appointment	May 25, 2026
Term	F.Y. 2026-27

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.76%	+33.44%	+44.77%	+104.31%	+104.31%	+104.31%

Global Ocean Logistics India Limited reported a 50.2% increase in net profit to ₹1,023.78 lakh for the financial year ended March 31, 2026, driven by a 9.1% rise in revenue from operations to ₹20,785.90 lakh. The board approved the audited standalone financial results for the half-year and full-year periods on May 25, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company’s total income for FY26 stood at ₹21,102.00 lakh, compared to ₹19,159.95 lakh in the previous year. Profit before tax for the year increased to ₹1,368.14 lakh from ₹910.74 lakh in FY25. For the half-year ended March 31, 2026, net profit was ₹569.65 lakh on revenue from operations of ₹10,056.66 lakh.

Financial Performance

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)	Change
Revenue from Operations	20,785.90	19,055.91	+9.1%
Total Income	21,102.00	19,159.95	+10.1%
Total Expenses	19,733.86	18,249.21	+8.1%
Profit Before Tax	1,368.14	910.74	+50.2%
Net Profit	1,023.78	681.51	+50.2%
Basic EPS (₹)	9.71	6.98	+39.1%

The board meeting, which commenced at 12:00 P.M. and concluded at 06:10 P.M., also noted the Auditor’s Report. J S Bhalja & Co., Chartered Accountants, issued an unmodified audit opinion on the financial results.

Capital Allocation and IPO

During the year, the company issued 38,99,200 equity shares of ₹10 each at a premium of ₹66 per share via an Initial Public Offering. The issue opened on December 17, 2025, and closed on December 19, 2025. Proceeds totaling ₹3,041.38 lakh were fully utilized towards working capital requirements, general corporate purpose, and issue-related expenses.

As per the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for the company’s securities remains closed for designated persons until 48 hours after the announcement of the board meeting's outcome.