Om Freight Forwarders reported a 29% decline in consolidated net profit to ₹16.04 crore for the financial year ended March 31, 2026, impacted by a ₹3.63 crore loss recognized in Other Comprehensive Income from a Norway-based investment. Revenue from operations decreased 2.7% to ₹476.92 crore from ₹490.14 crore in the previous year, while total income dropped to ₹482.46 crore. The company’s Board approved the audited standalone and consolidated financial results on May 27, 2026.

The statutory auditors, Viren Gandhi & Co., issued an unmodified opinion on the financial results. The company clarified to the National Stock Exchange of India Limited that an inadvertent error in the initial XBRL submission regarding Earnings Per Share (EPS) for the consolidated results had been rectified. Additionally, the company stated that financial results were inadvertently not filed in the prescribed searchable format initially, which has since been complied with.

For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹4.11 crore, a decrease from ₹7.15 crore in the corresponding period of the previous year. Revenue for the quarter stood at ₹149.54 crore. The standalone net profit for the full year was ₹15.38 crore. Basic EPS for the year stood at ₹4.90 on a consolidated basis, down from ₹6.91 in the prior year.

The company’s balance sheet reflects total assets of ₹384.32 crore as of March 31, 2026, compared to ₹312.01 crore a year ago. Cash and cash equivalents improved significantly to ₹35.82 crore from ₹17.86 crore, driven by net proceeds from the Initial Public Offering (IPO) of ₹21.67 crore. The IPO, which was completed in October 2025, raised gross proceeds of ₹24.44 crore. The company noted that it is in the process of filing a Statement of Deviation as the utilization of IPO funds differs from the originally stated objects in the prospectus regarding allocation, model, and timeline.

In other board decisions, Om Freight Forwarders re-appointed M/s. Gala & Associates, Practicing Chartered Accountant, as the internal auditor for the financial year 2026-27. The company also announced the appointment of Ms. Manisha Kaur Saluja as the new Company Secretary effective May 13, 2026, following the vacancy created by Mr. Hiren Bhanushali's departure on February 14, 2026.

Financial Performance for FY26

Om Freight Forwarders Limited shareholders have approved the reappointment of Rahul J Joshi as Chairman & Managing Director and the appointment of Keval M Shah as an Independent Director through a remote e-voting process. The postal ballot results, declared on June 20, 2026, saw both special resolutions pass with the requisite majority, securing the company's leadership structure for the upcoming term.

The resolutions were put to vote pursuant to Section 110 and Section 108 of the Companies Act, 2013. The remote e-voting process commenced on May 22, 2026, and concluded on June 20, 2026. Nitin R. Joshi, a practicing company secretary, served as the scrutinizer for the voting process and validated the results in a report dated June 22, 2026.

Voting Results Summary

The scrutinizer's report detailed the voting patterns for the two special resolutions. A total of 23,272 shareholders were on the record date of May 15, 2026. The voting results for the key resolutions are summarized below:

Resolution Details

The first resolution sought approval for the reappointment of Mr. Rahul J Joshi (DIN: 00114172) as Chairman & Managing Director and the payment of his remuneration. This resolution was classified as a special resolution where promoters were interested. A total of 9,95,157 valid votes were considered for this resolution after excluding 1,49,36,663 invalid votes, primarily from the promoter and promoter group.

The second resolution concerned the appointment of Mr. Keval M. Shah (DIN: 07649694) as a Non-Executive & Independent Director. This resolution also required a special majority. The total number of valid votes cast for this resolution was 1,59,31,820, with no invalid votes recorded. The resolution received overwhelming support from both public and promoter categories.

Regulatory Disclosures

The company has filed the necessary disclosures with the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report of the scrutinizer and the detailed voting results have been submitted to the exchanges and are available on the company's website.