Jujhar Logistics shareholders approve ₹25 crore related party deals at 15th AGM

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Reviewed by
Naman SScanX News Team
Key Highlights
  • Jujhar Logistics held its 15th AGM for FY26 on September 29, 2026, via VC/OAVM
  • Shareholders approved material related party transactions worth ₹25 crore each with holding company and subsidiary for FY27
  • Ms. Monika Garg appointed as Independent Director for a five-year term starting April 10, 2026
  • Arshdeep Singh Mundi and Jagjit Singh Rai re-appointed as directors after retiring by rotation
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Jujhar Logistics Limited held its 15th Annual General Meeting (AGM) for the financial year ended March 31, 2026, on Tuesday, September 29, 2026. The meeting was conducted via Video Conferencing and Other Audio-Visual Means (VC/OAVM), with the registered office in Hyderabad serving as the deemed venue.

Key resolutions passed

Shareholders transacted six items of business, comprising five ordinary resolutions and one special resolution. The agenda included the adoption of audited standalone and consolidated financial statements for FY26 and the re-appointment of two directors retiring by rotation.

A significant portion of the agenda focused on corporate governance and related-party transactions. The members approved material related party transactions with two key entities associated with the company:

Entity Relationship Aggregate Value Approved (FY27)
Jujhar Constructions & Travel Pvt. Ltd. Holding Company ₹25 crore
Jujhar Logistic & Travels Limited Subsidiary ₹25 crore

Additionally, the meeting approved the appointment of Ms. Monika Garg as an Independent Director for a term of five years, commencing April 10, 2026, through April 9, 2031.

Director re-appointments

Two directors who retired by rotation were re-appointed as per the provisions of the Companies Act, 2013:

  • Mr. Arshdeep Singh Mundi (DIN: 03030608), Executive Director & Chairman
  • Mr. Jagjit Singh Rai (DIN: 07287367), Whole-time Director

Voting and attendance details

The company facilitated remote e-voting through Central Depository Services (India) Limited (CDSL). The voting window opened on Saturday, September 26, 2026, at 9:00 am and closed on Monday, September 28, 2026, at 5:00 pm. Members attending the virtual meeting also had the option to vote during the proceedings if they had not voted remotely.

A total of 32 members attended the meeting. The board had appointed M/s. Akash & Co., Company Secretaries, as the scrutinizer to oversee the e-voting process. The consolidated results of the voting are expected to be announced within two working days of the conclusion of the meeting.

Historical Stock Returns for Jujhar Logistics

1 Day5 Days1 Month6 Months1 Year5 Years
+2.90%+5.71%-7.02%+95.65%0.0%+992.23%

How will the ₹50 crore aggregate cap on related-party transactions with Jujhar Constructions and Jujhar Logistic impact the company's FY27 cash flow and operational flexibility?

What specific expertise does newly appointed Independent Director Ms. Monika Garg bring to enhance governance standards following the recent AGM approvals?

Will the re-appointment of Chairman Arshdeep Singh Mundi and Whole-time Director Jagjit Singh Rai signal a continuation of current strategic priorities or indicate a shift in management focus?

Jujhar Logistics turns profitable in FY26 with 224% revenue surge

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Reviewed by
Ashish TScanX News Team
Key Highlights
  • Jujhar Logistics reported consolidated revenue from operations of ₹74.88 crore in FY26, up 224.15% from ₹23.10 crore in FY25
  • Consolidated profit after tax reached ₹7.67 crore in FY26, reversing a loss of ₹1.15 crore in FY25
  • Operating subsidiary Jujhar Logistic and Travels Limited posted total income of ₹21,204.36 lakh and EBITDA of ₹4,635.69 lakh in FY26
  • Fleet size grew to 406 vehicles in FY26 from 301 in FY25; lifting volumes rose to 1,43,267 vehicles from 1,26,661
  • EBITDA margin declined to 21.9% in FY26 from 25.6% in FY25 as the business absorbed fleet and network expansion costs
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Jujhar Logistics Limited reported a consolidated revenue from operations of ₹74.88 crore in FY26, a 224.15% jump over ₹23.10 crore in FY25, marking a turnaround to profitability following the acquisition of its operating subsidiary.

The company, formerly known as CDG Petchem Limited, released its investor presentation dated September 17, 2026, covering business operations, financial performance, and strategic developments. The consolidated figures reflect the contribution of Jujhar Logistic and Travels Limited from November 18, 2025, its date of acquisition, when Jujhar Logistics acquired a 51% stake in the operating entity.

Financial performance: listed entity and operating subsidiary

The investor presentation provides two views of FY26 performance: standalone financials of the listed entity and consolidated figures incorporating the operating subsidiary. The following table summarises both.

Particulars FY26 standalone (₹ crore) FY25 standalone (₹ crore) FY26 consolidated (₹ crore) FY25 consolidated (₹ crore)
Revenue from operations 4.02 8.99 74.88 23.10
Total income 4.45 9.06 76.37 23.27
Total expenses 3.27 10.02 62.37 24.33
Profit/(loss) before tax 1.17 (0.96) 14.00 (1.06)
Profit/(loss) after tax 0.99 (1.06) 7.67 (1.15)
EPS, basic and diluted (₹) 1.07 (3.44) 8.27 (3.74)

At the standalone level, the listed entity swung to a profit after tax of ₹0.99 crore in FY26 from a loss of ₹1.06 crore in FY25. On a consolidated basis, profit after tax reached ₹7.67 crore against a loss of ₹1.15 crore in the prior year.

Operating subsidiary: three-year profitability track

The presentation separately discloses the financial performance of Jujhar Logistic and Travels Limited, the main operating entity, across three financial years. The FY24 figures represent approximately 1.5 months of operations, as the logistics business was previously part of Jujhar Constructions and Travels Pvt. Ltd.

Particulars (₹ lakh) FY26 FY25 FY24
Total income 21,204.36 12,487.04 1,248.50
EBITDA 4,635.69 3,190.77 392.33
Profit after tax 2,473.60 2,159.22 332.63
EBITDA margin 21.9% 25.6% 31.4%
PAT margin 11.7% 17.3% 26.6%

EBITDA margin contracted from 25.6% in FY25 to 21.9% in FY26, and PAT margin declined from 17.3% to 11.7%, as the business absorbed fixed costs associated with rapid fleet and network expansion.

Operational metrics and fleet scale

The operating subsidiary reported lifting volumes of 1,43,267 vehicles in FY26, up from 1,26,661 in FY25, with the fleet expanding to 406 vehicles from 301 in the prior year. The network spans 600+ delivery locations and is supported by 400+ enclosed carriers.

Key operational performance metrics tracked across FY23 to FY26 include:

  • On-time delivery: 100% achieved consistently across multiple regions
  • Damage-free delivery: 100% sustained across the network
  • Car-lifting achievement: peak of 101% against target in the best-performing region

The company serves major original equipment manufacturers including Maruti Suzuki, Tata Motors, Kia, Jaguar Land Rover, Volkswagen, Toyota, Hyundai, Mahindra, and Skoda, operating from loading points across Haryana, Punjab, Gujarat, Uttarakhand, Maharashtra, Karnataka, Andhra Pradesh, and Tamil Nadu.

Awards and strategic direction

Jujhar Logistics received the SIAM Logistics Excellence Award in both FY24 and FY25, alongside recognition as Top Logistics Service Provider in 2024 and Logistics Partner of the Year in 2024. The company has invested in CNG vehicles as part of a green logistics initiative and plans to transport automobiles for Maruti Suzuki through railway mode, citing reduced carbon emissions and lower fuel consumption as key benefits.

The strategic roadmap outlined in the presentation encompasses organic growth in production logistics and rail logistics, organic and inorganic growth in road car carrier operations through fleet expansion and new OEM partnerships, and development of EV logistics capability, warehousing services, and export logistics. The presentation states a target to triple the business over the next few years.

Historical Stock Returns for Jujhar Logistics

1 Day5 Days1 Month6 Months1 Year5 Years
+2.90%+5.71%-7.02%+95.65%0.0%+992.23%

How will the ongoing expansion of the fleet and network impact Jujhar Logistics' EBITDA margins in FY27, given the recent contraction from 25.6% to 21.9%?

What is the projected timeline and capital expenditure required for transitioning a significant portion of Maruti Suzuki's logistics to railway mode?

How does the company plan to mitigate competition in the EV logistics sector as it develops new capabilities alongside established road carrier operations?

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