Paradeep Parivahan Limited reported a consolidated net profit after tax (PAT) of ₹335.71 crore for the financial year ended March 31, 2026, marking a significant increase from ₹241.71 crore in FY25. The logistics and infrastructure company, which operates primarily along India’s eastern coast, aims to leverage this profitability to fund future expansion through a proposed ₹300 crore borrowing limit at its upcoming Annual General Meeting (AGM) on August 26, 2026.

The Board of Directors has recommended several special resolutions for shareholder consent under the Companies Act, 2013. A primary focus is the approval to borrow funds from banks and financial institutions up to an aggregate sum of ₹300 crore. This facility, which includes both fund-based and non-fund-based limits, is intended to support the company’s existing and future financial needs. The resolution requires a special vote as the proposed borrowing may exceed the aggregate of the paid-up capital and free reserves.

Additionally, shareholders will be asked to approve the revision of remuneration for Khalid Khan, Managing Director and CEO. His annual salary is proposed to increase from ₹96 lakh to ₹1.5 crore, effective April 1, 2026. The revision, recommended by the Nomination and Remuneration Committee, also includes specific perquisites such as children’s education allowance, holiday passage for family members abroad, leave travel concession, club membership fee reimbursement, and two cars with drivers. The total managerial remuneration will remain subject to the statutory limits prescribed under Sections 196, 197, and 198 of the Act.

The agenda also includes the regularization of Abdul Basith Shaikh’s appointment as Executive Director, effective April 13, 2026. His proposed remuneration is set at ₹27.04 lakh per annum. Furthermore, the Board seeks approval for an aggregate remuneration package of ₹69.04 lakh per annum for other directors, including Executive Directors Pravat Kumar Nandi, Parbati Priya Nandi, and Non-Executive Director Bushra Khan. This aggregate amount exceeds one percent of the company’s net profits, necessitating shareholder approval under Section 197(1).

Financial Performance and Strategic Developments

The company’s revenue from operations rose to ₹4,189.20 crore in FY26 from ₹3,358.17 crore in FY25. This growth was driven by strong performance in its core logistics segments, including transportation, hiring of earth-moving equipment, and loading/unloading services. The company also entered into an eight-year agreement with UltraTech Cement Limited for the deployment of EV-based bulk logistics services, marking a significant milestone in sustainable industrial logistics.

Governance and Voting Process

Remote e-voting facilities will be available from August 22 to August 25, 2026, with the record date fixed at August 19, 2026. CS Jyotirmoy Mishra of Sunita Jyotirmoy & Associates has been appointed as the scrutinizer for the voting process. Shareholders who have already voted electronically will not be entitled to vote again at the physical venue. The register of members and share transfer books will remain closed from August 20 to August 26, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0SMW01011/6c99da01-3371-454d-aad8-37ce46818385.pdf

Paradeep Parivahan Limited and Energy In Motion (EIM) have commenced the deployment of approximately 45 EIM Ashwa 4x2, 55-tonne electric heavy-duty tractor trailers for UltraTech Cement Limited. The fleet will transport clinker from UltraTech's integrated manufacturing unit in Rajasthan to its grinding units in the Delhi-NCR region, marking a significant step in decarbonizing long-haul freight logistics in Northern India.

The operational corridor spans Rajasthan, Haryana, and Uttar Pradesh with an average lead distance of approximately 250 kilometres. This deployment represents one of the largest electric heavy-duty truck deployments in the cement sector in Northern India. The project demonstrates the commercial viability of electric vehicles for demanding long-distance logistics operations.

The environmental impact of this initiative is projected to be substantial. The fleet is expected to reduce over 8,900 tons of CO2 emissions annually, displacing an equivalent of about 2.9 million litres of diesel per year. The project utilizes advanced electric truck technology, battery-swapping infrastructure, and operational expertise to achieve a competitive total cost of operation compared to diesel trucking.

Narendra Murkumbi, cofounder and Managing Director of Energy In Motion Ltd., stated that the company offers battery packs and charging or swapping services as a package under its Maitryi model. This model reduces upfront costs by about 40% per vehicle and builds common heavy-duty charging and battery-swapping infrastructure on key routes. He noted that the NCR region is a focus area due to national pollution reduction priorities.

Dr. Khalid Khan, CMD & CEO of Paradeep Parivahan Limited, described the project as a defining moment for India's logistics industry. He emphasized that this deployment proves large-scale freight decarbonization is happening today and will serve as a benchmark for the industry. The collaboration aims to accelerate the adoption of zero-emission freight mobility across India.

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