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.

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.