PDP Shipping & Projects Limited shareholders adopted the audited standalone financial statements for the fiscal year ended March 31, 2026, during its 17th Annual General Meeting held on September 25, 2026.

The meeting, conducted via Video Conferencing and Other Audio-Visual Means, also approved the re-appointment of Animesh Kumar as a Director liable to retire by rotation. The proceedings were governed by Regulation 30 of the SEBI Listing Regulations, with results submitted to stock exchanges following the vote.

Key resolutions passed

The agenda items were voted upon through remote e-voting between September 22 and September 24, 2026, followed by e-voting during the meeting. The key ordinary resolutions included:

• Adoption of Financial Statements: Consideration and adoption of audited standalone financial statements for FY26, along with Board and Auditor reports.
• Director Re-appointment: Re-appointment of Animesh Kumar (DIN: 02534914) as Director retiring by rotation.
• Dividend Declaration: Approval of final dividend on equity shares for FY26.
• Remuneration Revision: Revision in remuneration for Shalini Abhiuday Verma, Whole-time Director.

Governance and attendance

The meeting was chaired by Animesh Kumar, Managing Director and Chairman. Key management personnel present at the registered office in Navi Mumbai included Shalini Abhiuday Verma, Whole-time Director, and Sheela Anand Nadar, Chief Financial Officer.

All Independent Directors attended virtually:

Representatives from the Statutory Auditor, Secretarial Auditor, Internal Auditor, and Scrutinizer Manish Sancheti were also present. The Notice of the AGM and Auditors' Reports were taken as read, noting that the reports were unqualified.

PDP Shipping & Projects has released its annual report for the financial year ended March 31, 2026, alongside scheduling its 17th Annual General Meeting (AGM) for September 25, 2026. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means.

Financial Performance

Revenue from operations grew 27.7% to ₹2,785.08 lakh in FY26, compared to ₹2,181.77 lakh in FY25. Total income, including other income, stood at ₹2,847.38 lakh. However, profit after tax declined 40.4% to ₹125.61 lakh, down from ₹210.72 lakh in the previous year. Earnings per share fell to ₹4.22 from ₹10.18.

What the Numbers Show

The divergence between topline growth and bottomline contraction highlights margin pressure in a competitive logistics environment. While revenue expanded significantly, driven by a major airfreight mandate and sustained sea freight volumes, operating expenses rose faster at ₹2,221.29 lakh against ₹1,561.65 lakh in FY25. Additionally, a one-time gratuity provision of ₹27.49 lakh and higher employee remuneration weighed on profitability. Conversely, the company strengthened its balance sheet by repaying all long-term property loans, closing the year with zero long-term debt.

Dividend and AGM Details

The Board has recommended a final dividend of ₹1 per equity share for FY26, subject to shareholder approval. This marks the first dividend since the company’s listing on the BSE SME platform. Shareholders on record as of September 18, 2026, will be eligible to receive the payout.

Corporate Governance Updates

The AGM will also address the re-appointment of Managing Director Animesh Kumar, who retires by rotation. Additionally, shareholders will vote on a special resolution to revise the remuneration of Whole-time Director Mrs. Shalini Abhiuday Verma. Her monthly remuneration will increase from ₹4 lakh to ₹6 lakh effective October 1, 2025, along with an annual performance bonus equivalent to one month's salary. For FY26, her total remuneration aggregated to ₹64 lakh, including a one-time performance bonus of ₹4 lakh.

Animesh Kumar signed the intimation regarding the AGM schedule in a letter dated August 31, 2026.