Marinetrans India Limited has released its audited standalone financial results for the financial year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 20, 2026. The company reported a rise in annual net profit, while revenue from operations saw a decline compared to the previous fiscal year.

Financial Performance

For the year ended March 31, 2026, the company recorded a total income of ₹12,772.77 lakh, down from ₹15,782.07 lakh in the corresponding period last year. Total expenses for the year decreased to ₹12,674.11 lakh from ₹15,694.17 lakh in FY25. The profit before tax for the year stood at ₹98.66 lakh, compared to ₹87.90 lakh in the previous year.

The net profit for the period increased to ₹59.56 lakh, up from ₹49.74 lakh in the prior year. The basic and diluted earnings per equity share for the year were reported at ₹0.46, compared to ₹0.39 in the previous year.

Half-Yearly Results

The company also reported financial results for the half year ended March 31, 2026. Revenue from operations for this period was ₹7,044.41 lakh, while total income stood at ₹7,072.86 lakh. The net profit for the half year was ₹28.72 lakh, with earnings per share at ₹0.23.

Assets and Liabilities

The total assets of the company as of March 31, 2026, amounted to ₹4,308.85 lakh, a slight increase from ₹4,126.11 lakh in the previous year. Equity share capital remained unchanged at ₹1,272.60 lakh. Other equity increased to ₹1,381.14 lakh from ₹1,322.44 lakh.

Corporate Governance

The Board approved the re-appointment of M/s Vatsraj and Company as the Internal Auditor for the financial year 2026-27. The trading window for designated persons and their immediate relatives will open 48 hours after the dissemination of this announcement. The statutory auditors, Bilimoria Mehta & Co., provided an unmodified opinion on the audited financial results.

Marinetrans India Limited has informed the National Stock Exchange of India regarding the resignation of its Company Secretary and Compliance Officer. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

CS Nikhil Joshi, who held the position of Key Managerial Personnel (KMP), tendered his resignation effective from the close of business hours on May 15, 2026. The official communication stated that the decision was driven by a desire to pursue new career opportunities outside the organization.

Resignation Details

The company confirmed that Mr. Joshi has verified there are no other material reasons for his resignation other than the intention to explore new professional avenues. The necessary formalities and statutory filings with the Registrar of Companies and the Stock Exchange will be completed in accordance with applicable laws.

The following table summarizes the key details regarding the change in compliance personnel:

Regulatory Compliance

The resignation letter and requisite details under Regulation 30 of the Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, have been submitted to the exchange. The Managing Director, Tirajkumar Babu Kotian, signed the intimation sent to the authorities.