Promoter Kuttappan Manikandan has declared that no encumbrance was created on the shares of Glottis Limited directly or indirectly during the financial year ended March 31, 2026. The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited on April 06, 2026. This declaration was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on behalf of the promoter, the promoter group, and persons acting in concert.

The filing confirms that the shares held by the promoter group remain unencumbered throughout the specified financial year. The promoter certified that the information submitted is true and correct. A copy of the disclosure was also forwarded to the Audit Committee and the company headquarters located in Chennai.

The declaration encompasses the promoter and members of the promoter group, including specific entities and individuals listed in the annexure. The list includes family members and private limited companies associated with the promoter.

Promoter Group Details

Glottis Limited reported a profit after tax of ₹377 crore for the financial year ended March 31, 2026, a decrease of 33% from ₹561 crore in the previous year. Revenue from operations fell to ₹7,226 crore from ₹9,412 crore in FY25, primarily due to softening demand from geopolitical disruptions in the Middle East impacting global shipping and logistics activities. The company's Board of Directors approved the audited standalone and consolidated financial results at its meeting held on May 25, 2026. The audio recording of the Post-Earnings Conference Call held on May 26, 2026, to discuss these results has been uploaded to the company's website.

Other income increased significantly to ₹68 crore for the year, driven by interest income from fixed deposits where IPO proceeds were temporarily invested. M/s. CNGSN & Associates LLP, Statutory Auditors, issued an audit report with an unmodified opinion on the financial results. The company reported that ₹7,125.67 lakh of IPO proceeds had been utilized by March 31, 2026, with no deviation in the use of funds.

Q4 Performance Highlights

Glottis reported Q4 standalone net profit of ₹107 crore, compared to ₹114 crore in the same period of the previous year. Quarterly revenue declined to ₹1,959 crore from ₹3,071 crore year-on-year, reflecting continued pressure from subdued global shipping and logistics demand. Despite the revenue decline, the company's Q4 EBITDA margin showed a marginal improvement, rising to 5.4% from 5.2% in the corresponding prior-year period.

Key Annual Financial Metrics

The following table summarizes Glottis's full-year standalone financial performance:

Management Commentary

Commenting on the performance, Mr. Ramkumar Senthilvel, Managing Director, said: "The fourth quarter concluded an important year for the company and marked the completion of our first full financial year as a listed entity. During FY2026, the company remained focused on strengthening customer relationships, expanding its multimodal logistics capabilities and improving its operational network across key trade corridors. Despite a softer global freight environment and correction in shipping rates during the year, the company continued to deepen its presence across core business segments and diversified industry categories."

For FY2026, Revenue from Operations was ₹7,226 crore. Sea Import continued to be the largest business vertical, contributing nearly 78% of total revenue during the year. The company further strengthened its position in the export vertical during the year. Air Import revenue grew 23.6% YoY in FY2026, with its contribution to total revenue increasing to 2.4% from 1.5% in FY25. Air Export recorded even stronger momentum, with revenue more than doubling during the year and its contribution increasing to 1.2% from 0.4% in FY25.

Profitability during the year was impacted by lower freight realizations and moderation in shipment volumes across certain trade routes. EBITDA for FY2026 was ₹495 crore with a margin of 6.9%, while Profit After Tax was ₹377 crore with a margin of 5.2%. Throughout the year, the company remained focused on shipment-level profitability checks, variable cost alignment and tighter control on overheads to manage the impact of industry-wide rate corrections.

On the operational front, the company handled 89,098 TEUs during FY2026. Volumes during the year were lower compared to previous year as importers and exporters across sectors adopted a measured approach towards procurement and inventory planning due to freight rate volatility and changing global trade patterns. Despite lower volumes, customer engagement remained stable and repeat business improved. During the year, the company added 163 new customers, while the number of repeat customers also increased to 959 from 871, reflecting stronger customer retention and wider market reach.

Operational Expansion

The company further diversified its sector presence across Automobile, Agro Products, Chemicals, Textiles and Medical segments. Revenue from the Automobile segment more than doubled during FY2026, with its contribution increasing to 4.2% from 1.5% in FY25, supported by higher movement of auto components and engineering-linked cargo. The company added 32 shipping line connections and expanded its transportation capabilities by onboarding 11 transporters during the year to improve service flexibility and connectivity across routes.

Management Restructuring

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed changes to its Senior Management Personnel (SMP) list arising from an internal restructuring of the reporting hierarchy. Consequently, certain employees previously designated as SMPs no longer fall within the purview of the definition of 'Senior Management'. The company clarified that there is no cessation of employment for these individuals.

The following individuals stepped down from the SMP list:

Mr. Satheesh was elevated to the position of Assistant General Manager effective June 1, 2026. He holds a Bachelor of Engineering degree and an MBA in International Business, bringing over a decade of experience in international trade and customer relationship management. The revised list of Senior Management Personnel includes Mr. MuthuKrishnakanth Rajagopal Nadar as Chief Operating Officer, Mr. Narendran Ranganthan as General Manager - Vietnam and Thailand, and Mr. Subash Selvan R as General Manager – Malaysia & Med Ports.

The Board appointed M/s. CNGSN & Associates LLP as Tax Auditors and Transfer Pricing Auditors for FY27. Additionally, M/s. PKF Sridhar & Santhanam LLP was appointed as Internal Auditor for the same period.