Jet Freight Logistics Limited has disclosed the resignation of Ms. Mary Louisa Hanse from the position of Assistant General Manager, Chennai Branch Sales & Operation. The resignation, categorized under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is effective from the close of business hours on May 27, 2026.

The company confirmed that the resignation letter dated May 19, 2026, has been duly accepted. Ms. Hanse cited an unforeseen family emergency as the reason for her departure in her communication to the Human Resources department.

Details of the Change

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited. The following table outlines the key details regarding the change in senior management personnel as per the regulatory filing.

The resignation pertains to a Senior Management Personnel as defined under Regulation 16(1)(d) of the SEBI regulations. The company has enclosed the necessary details and annexures as required by the circular dated January 30, 2026.

Jet Freight Logistics Limited held its Board of Directors meeting on May 13, 2026, and approved the Annual Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The statutory audit was conducted by M/s. Ajay Shobha & Co., Chartered Accountants (Firm Registration No. 317031E), who issued an unmodified opinion on both the standalone and consolidated financial results. The declaration confirming the unmodified audit opinion was issued by Richard Francis Theknath, Chairman & Managing Director. In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audited financial results were subsequently published as a newspaper advertisement in The Free Press Journal and Navshakti on May 14, 2026, as confirmed by Company Secretary & Compliance Officer Anmol Ashvin Patni. Subsequently, in accordance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company filed its Investor Presentation for the quarter and financial year ended March 31, 2026 on May 15, 2026.

Standalone Financial Performance

Jet Freight Logistics delivered a strong standalone performance for the full year ended March 31, 2026. Revenue from operations grew to ₹44,409.84 lakhs from ₹43,663.51 lakhs in the previous year, while total income rose to ₹44,802.80 lakhs. Profit after tax surged to ₹680.25 lakhs compared to ₹372.60 lakhs in the prior year, reflecting a significant improvement in profitability. The following table summarises the key standalone financial metrics:

The standalone expense breakdown for FY26 includes operational expenses of ₹39,921.89 lakhs, employee benefits expense of ₹2,050.43 lakhs, finance costs of ₹700.04 lakhs, depreciation of ₹191.28 lakhs, and other expenses of ₹780.82 lakhs. Paid-up equity share capital stood at ₹2,320.19 lakhs (face value ₹5 per share), with reserves and surplus at ₹4,959.32 lakhs for FY26 against ₹4,286.97 lakhs in FY25. Total comprehensive income for FY26 stood at ₹687.70 lakhs compared to ₹371.81 lakhs in the prior year.

Consolidated Financial Performance

On a consolidated basis, which includes subsidiaries Jet Freight Express Private Limited (100%), Jet Freight Logistics BV (100%), Jet Freight Logistics Inc (100%), and Vank Global Services Private Limited (51%), the company reported total income of ₹44,811.09 lakhs for FY26 against ₹44,532.89 lakhs in FY25. Consolidated profit after tax from continuing operations stood at ₹680.86 lakhs compared to ₹375.05 lakhs in the prior year. The investor presentation provides a detailed quarterly and annual breakdown of the consolidated P&L, as summarised below:

The multi-year consolidated P&L further highlights the company's growth trajectory, with revenue from operations rising from ₹40,125.22 lakhs in FY24 to ₹44,429.87 lakhs in FY26, and EBITDA expanding from ₹789.02 lakhs in FY24 to ₹2,053.50 lakhs in FY26. EBITDA margin improved from 1.96% in FY24 to 4.58% in FY26. Consolidated reserves and surplus stood at ₹4,798.29 lakhs for FY26 against ₹4,125.29 lakhs in FY25. Total comprehensive income on a consolidated basis was ₹688.29 lakhs for FY26 compared to ₹374.26 lakhs in the prior year.

Diversified Global Revenue Contribution

The investor presentation discloses a region-wise revenue breakdown, underscoring the company's diversified international footprint. All figures are in lakhs.

Europe remained the largest revenue contributor at 35.40% of total revenue in FY26, though its share moderated from 37.07% in FY25. The USA and Asia segments recorded notable growth, with USA revenues rising to ₹8,217.17 lakhs (19.38%) and Asia revenues climbing to ₹7,003.27 lakhs (16.51%) in FY26.

Balance Sheet Highlights

The audited balance sheet as at March 31, 2026 reflects a strengthened equity position. On a standalone basis, total equity stood at ₹7,279.51 lakhs, up from ₹6,607.16 lakhs as at March 31, 2025, supported by growth in reserves and surplus to ₹4,959.32 lakhs. Total standalone assets grew to ₹19,407.84 lakhs from ₹18,242.72 lakhs. On a consolidated basis, total equity was ₹7,097.31 lakhs against ₹6,424.31 lakhs in the prior year, with total assets at ₹19,245.30 lakhs compared to ₹18,134.33 lakhs. The multi-year consolidated balance sheet highlights the company's consistent asset and equity expansion:

Cash Flow Summary

The statement of cash flows for the period ended March 31, 2026 shows that net cash used in operating activities was ₹(724.75) lakhs on a standalone basis and ₹(814.10) lakhs on a consolidated basis. Net cash from investing activities was ₹432.12 lakhs (standalone) and ₹438.79 lakhs (consolidated). Net cash from financing activities was ₹326.71 lakhs (standalone) and ₹405.72 lakhs (consolidated). Cash and cash equivalents at the end of the period stood at ₹90.10 lakhs (standalone) and ₹95.83 lakhs (consolidated), compared to ₹56.01 lakhs and ₹65.43 lakhs respectively at the beginning of the period.

Internal Auditor Appointment

At the same board meeting, on the recommendation of the Audit Committee, M/s. Daya & Associates (Firm Registration No. 026377N), Chartered Accountants, were appointed as Internal Auditors of the company for the financial year 2026-27. The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. Daya & Associates is a Mumbai-based chartered accountant firm established in 2013, providing comprehensive services in audit and assurance, taxation, and regulatory compliance. The firm has significant experience in bank audits, including statutory, concurrent, and stock audits, and offers specialised services in RERA, ROC compliance, and advisory for trusts and Section 8 companies.