Paradeep Parivahan Limited has scheduled a board meeting for Friday, May 22, 2026, to approve the audited financial results for the half year and financial year ended March 31, 2026. The meeting will be conducted in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board will consider the standalone and consolidated financial results along with the Auditor's Report by the Statutory Auditor as required under Regulation 33 of the SEBI (LODR) Regulations, 2015.

IPO Fund Utilization

The company provided an update on its Initial Public Issue (IPO) funds raised on March 24, 2025. The total amount raised via the IPO was Rs. 44,86,44,000. Paradeep Parivahan reported that there is no deviation or variation in the use of the funds raised. The funds were primarily allocated to meet working capital requirements. The auditors have provided no comments on the utilization, indicating NIL remarks.

Fund Utilization Details

The following table outlines the utilization of the IPO proceeds:

Key Meeting Information

The Trading Window for dealing in the securities of the company by Designated Persons has been closed since April 01, 2026. It will reopen 48 hours after the declaration of the financial results. The intimation regarding the board meeting was signed by Usha Rani Ray, Company Secretary & Compliance Officer, on May 18, 2026.

Paradeep Parivahan Limited has informed the stock exchanges that its Board of Directors approved the revised Policy on Materiality of Related Party Transactions and on Dealing with Related Party Transactions on May 22, 2026. The policy has been updated to ensure compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including recent amendments.

The revised policy establishes clear materiality thresholds to determine when related party transactions require prior shareholder approval through an ordinary resolution. The Board adopted the policy on the recommendation of the Audit Committee, which will review the framework once every three years.

Materiality Thresholds

The company has defined specific limits for different categories of transactions. If a transaction exceeds these thresholds, it mandates prior approval from shareholders. Related parties are not permitted to vote on such resolutions regardless of their involvement in the specific transaction.

Approval Framework

The policy outlines a structured approval process involving the Audit Committee, the Board of Directors, and shareholders. Prior approval of the Audit Committee is required for all related party transactions and subsequent material modifications, irrespective of whether they are at arm's length or in the ordinary course of business.

For transactions involving subsidiaries where the company is not a party, Audit Committee approval is necessary if the value exceeds Rupees One Crore, 10% of the subsidiary's annual standalone turnover, or the company's materiality threshold, whichever is lower. The Audit Committee may also grant omnibus approval for repetitive transactions, valid for one year, provided they do not exceed Rupees One Crore per transaction in unforeseen circumstances.

Disclosure and Ratification

The company mandates that all related party transactions not in the ordinary course of business or not at arm's length be disclosed in the Board's report. Additionally, disclosures must be provided to stock exchanges in the format specified by SEBI on a half-yearly basis alongside the publication of financial results.

The Audit Committee holds the authority to ratify related party transactions within three months of the transaction date, subject to conditions such as the value not exceeding Rupees One Crore in a financial year and the transaction not being material. The policy is effective from June 5, 2024, and was last amended on May 22, 2026.