Neptune Logitek Limited reported a net profit decline of 5.7% in FY26. The company has scheduled its 14th Annual General Meeting for September 21, 2026, to approve an expansion into information technology solutions.

The Board approved the Director's Report on August 20, 2026. The AGM notice was issued on August 26 and published in English and Gujarati newspapers on August 27, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Revenue from operations fell 9.1% to ₹23,371.10 lakh, driven by lower domestic forwarding income. However, export revenue grew 29.5% to ₹5,544.72 lakh. Total expenses decreased 8.97% to ₹22,539.40 lakh, aiding margin stability despite revenue contraction.

Export income rose significantly to ₹5,544.72 lakh from ₹4,282.39 lakh, while domestic revenue dropped to ₹17,826.38 lakh from ₹21,443.00 lakh. Profit before tax increased marginally by 1.17% to ₹995.27 lakh, supported by cost controls and lower depreciation charges following a change in accounting policy.

Meeting Details and Voting

The 14th AGM will be held at 3:30 pm at the registered office in Gandhidham, Gujarat. The cut-off date for shareholder entitlements is September 11, 2026. Remote e-voting will run from September 17 to September 20, 2026. Members can opt for only one mode of voting, i.e., e-voting or poll paper. In case members cast their votes through both modes, voting done by e-voting shall prevail.

Pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, the Company has sent a letter providing a web-link of the Annual Report 2025-26 to those Members who have not registered their e-mail addresses with the Company /RTA/Depositories. The Annual Report is also available on the Company's website.

Key Agenda Items

Shareholders will vote on ordinary and special business items:

• Adoption of Financials: Approval of audited financial statements for FY26.
• Director Reappointment: Reappointment of Mr. Ankit Devidas Shah, who retires by rotation.
• Independent Director Appointment: Appointment of Mr. Rushabh Anilkumar Shah as Non-Executive Independent Director for five years.
• MoA Amendment: Expansion of the object clause to include software, mobile applications, cloud-based solutions, and IT-enabled services for logistics industries.

What the Numbers Show

The divergence between declining domestic revenue and growing export income highlights a shift in Neptune Logitek's operational focus. While domestic forwarding income fell to ₹16,654.24 lakh from ₹21,382.50 lakh, export services nearly grew by 30%. This suggests the company is gaining traction in international logistics despite broader domestic slowdowns. Additionally, the drop in EPS to ₹4.59 was partly dilutive due to the increase in equity shares from 1 crore to 1.37 crore following the IPO.

Capital Expenditure and Investments

The company utilized IPO proceeds primarily for capital expenditure, acquiring machinery worth ₹3,387.30 lakh against an allocation of ₹3,394.15 lakh. It also made non-current investments of ₹600 lakh in optionally convertible debentures of Blithwill Global Warehousing and Blithwill Global Infraventures.

Neptune Logitek Ltd paid a penalty of ₹29,500 to the Bombay Stock Exchange for failing to submit audited financial results for the half year and financial year ended March 31, 2026, within the regulatory timeline. The fine was imposed due to non-compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The exchange communicated the penalty via email on June 30, 2026. The amount, which includes GST, was levied for the delay in filing the audited financial results for the specified periods. The company stated that the financial impact of this action is limited to the penalty amount paid.

Penalty Details

The company disclosed the specifics of the regulatory action and payment in a filing submitted on July 1, 2026. The following table outlines the key particulars of the incident:

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations and the SEBI Master Circular regarding penal actions for non-compliance. The filing was signed by Ankit Devidas Shah, Managing Director of Neptune Logitek Ltd.