Paradeep Parivahan Limited (PPL), a BSE SME-listed company and a leading end-to-end logistic service provider, has been conferred with the prestigious LEAPS Award 2025 — Logistics Excellence, Advancement and Performance Shield — by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India. The award was received under the Multimodal Transport Operator (MTO) category, recognising the company's operational excellence, innovation, and commitment to sustainable logistics.

Award Ceremony and Recognition

The award was presented on 13 May, 2026 at the official LEAPS Awards 2025 ceremony held at Vanijya Bhawan, New Delhi, by Hon'ble Union Minister Shri Piyush Goyal. The award was received on behalf of the company by its Executive Director, Mr. Abdul Basith Shaikh.

Key details of the award and evaluation process are summarised below:

About the LEAPS Initiative

LEAPS is DPIIT's flagship national initiative recognising organisations that demonstrate operational excellence, innovation, multimodality, technology adoption, and sustainability in logistics and supply chain management. The initiative is aligned with the PM GatiShakti National Master Plan and the National Logistics Policy.

The award followed a rigorous multi-stage evaluation process comprising detailed technical submissions, presentations before an Expert Committee constituted by DPIIT, and final evaluation by a high-level Award Committee. Applicants were assessed on the following parameters:

• Technological innovation
• ESG practices
• Multimodality
• Operational efficiency
• Safety standards
• Contribution towards logistics development

A total of 71 companies participated across categories, including several globally recognised logistics players such as FedEx, Maersk, Safexpress, DP World, and Ocean Network Express. Paradeep Parivahan Limited was shortlisted amongst leading Multimodal Transport Operators and invited for a dedicated presentation before the evaluation committee.

Leadership Commentary

Commenting on the achievement, Dr. Khalid Khan, Founder of Paradeep Parivahan Limited, stated:

"Receiving the LEAPS Award 2025 from DPIIT, Government of India, is a moment of immense pride for the entire Paradeep Parivahan family. Being recognised on a national platform alongside some of the most respected logistics companies reflects the strength of our vision, operational capabilities and commitment towards excellence."

Dr. Khan further noted the company's focus on sustainability, stating that Paradeep Parivahan Limited is already in the process of deploying one of India's largest EV fleets for bulk logistics transportation, and will continue working towards building efficient, technology-driven, and environmentally responsible logistics solutions aligned with the nation's larger economic and sustainability goals.

Company Background and Strategic Milestones

Paradeep Parivahan Limited was founded in 2000 under the leadership of its Chairman & Managing Director, Dr. Khalid Khan, and is headquartered at Paradip Port, Odisha. The company offers end-to-end capabilities across cargo handling, port operations, intra-port transportation, and multimodal logistics, serving key industrial sectors across India and global markets.

In January 2026, the company signed an 8-year agreement with UltraTech Cement Limited to deploy one of India's largest trans-state fleets of electric vehicles for bulk transportation. The company serves marquee clients including IFFCO, JSW Group companies, Ultratech Cement, Tata Group companies, Ripley Stevedoring, and JM Baxi, among others.

Paradeep parivahan Limited has officially clarified to BSE Limited that the Escrow Payment Mechanism requirements under SEBI regulations are not applicable to the company. The clarification was submitted in response to BSE's inquiry dated April 15, 2026.

Company's Official Position

In its communication to the General Manager-Listing Department of BSE Limited, Paradeep Parivahan Limited explicitly stated that the requirement for submission of Escrow Payment Mechanism details does not apply to the listed entity. The company emphasized that it has not issued any instruments or arrangements that would necessitate compliance with the escrow mechanism under relevant SEBI regulations.

Regulatory Context

The clarification comes in response to BSE's email inquiry regarding the submission of details relating to the Escrow Payment Mechanism. Such mechanisms are typically required under SEBI regulations for specific types of financial instruments or arrangements to protect investor interests.

Management Statement

Managing Director Khalid Khan digitally signed the communication, confirming the company's position that no disclosure or submission is required regarding the Escrow Payment Mechanism. The company has requested BSE to take this clarification on record.

Key Implications

The clarification indicates that Paradeep Parivahan Limited's current business structure and financial instruments do not fall under the purview of SEBI's Escrow Payment Mechanism requirements. This suggests the company operates without the specific types of arrangements that would trigger such regulatory obligations.