Paradeep Parivahan Limited has initiated remote e-voting for its 26th Annual General Meeting (AGM), scheduled for August 26, 2026. The company notified the Bombay Stock Exchange (BSE) that electronic voting will commence on August 22, 2026, at 9:00 AM and conclude on August 25, 2026, at 5:00 PM. This update follows the earlier announcement of the book closure period, which runs from August 20 to August 26, 2026, to determine shareholder eligibility.

The AGM will be held at Nua Sandhakuda, Mayfair Bay Resort, Paradeep, Odisha, starting at 12:30 PM (IST). Shareholders whose names appear in the register of members as of the cut-off date of August 19, 2026, are eligible to cast their votes. The company published the notice of the meeting and remote e-voting information in Orissa Post (English) and The Sakala (Odia) on August 5, 2026.

Key Dates for Shareholders

Shareholders holding shares in physical form who have not registered their email addresses are requested to provide their details to the Registrar and Transfer Agent, Bigshare Services Pvt. Ltd., or via email to the company. Those holding demat shares can use their existing NSDL credentials or register at https://vote.bigshareonline.com to access the voting platform.

Voting Procedures and Compliance

The disclosure was made pursuant to Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The facility for voting through ballot paper will also be available at the AGM venue for members who have not voted remotely.

Usha Rani Ray, Company Secretary & Compliance Officer (ACS No. 79021), signed the intimation dated August 5, 2026. The notice of the AGM and the Annual Report for the year ended March 31, 2026, were dispatched electronically on August 4, 2026, to members with registered email IDs. These documents are also available for inspection at the company’s registered office in Paradeep and on its website.

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