Paradeep Parivahan Limited has notified the BSE of its upcoming book closure period, which will run from August 20, 2026, to August 26, 2026. This action is required to establish the record of shareholders eligible to attend and vote at the company’s 26th Annual General Meeting (AGM), scheduled for Wednesday, August 26, 2026.

The meeting is set to commence at 12:30 PM (IST) at Nua Sandhakuda, MAYFAIR Bay Resort, Plot No.47(P) & 56(P), Marine Drive Road, Paradeep, Odisha. During the book closure period, no transfers of securities will be processed, ensuring that the list of members remains static for the purpose of the AGM.

Key Dates and Details

The announcement was made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 91 of the Companies Act, 2013. The intimation was signed by Usha Rani Ray, Company Secretary & Compliance Officer (ACS No. 79021), and dated August 04, 2026.

Shareholder Action Required

Shareholders holding equity shares in Paradeep Parivahan Limited must ensure their names appear in the register of members as of the close of business on August 26, 2026, to participate in the AGM. Any share transfers initiated after August 20, 2026, will not be reflected in the register until after the closure period ends.

The company has also copied Central Depository Services (India) Limited and National Securities Depository Limited on the notification to ensure depository records are aligned with the exchange filing.

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