Rajvi Logitrade Limited has entered into new lease agreements for 47 commercial vehicles effective June 1, 2026, replacing existing contracts to optimize fleet management and operational efficiency. The company canceled prior agreements dated February 12, 2026, and executed new pacts to lease 44 vehicles from Bhupendrasinh Dalpatsinh Rana and 3 vehicles from Rajvi Cargo Movers Private Limited.

The transactions were disclosed to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing stated that the new agreements offer flexibility in fleet size management and help optimize costs during slower business periods while meeting increased customer demand.

Agreement Details

The lease with Bhupendrasinh Dalpatsinh Rana involves a monthly rental of ₹15,40,000 plus GST for 44 vehicles over 11 months. Rajvi Logitrade will also pay a refundable security deposit of ₹3,11,00,000, carrying interest at 9% per annum. The lessor is the brother of Promoter and Director Narendrasinh Dalpatsinh Rana, making this a related party transaction conducted at arm's length.

The agreement with Rajvi Cargo Movers Private Limited covers 3 vehicles for 11 months at a monthly rental of ₹1,00,000 plus GST. A refundable security deposit of ₹21,00,000, also carrying interest at 9% per annum, is required. This transaction is not with a related party.

The company confirmed that no special rights, such as director appointment or share subscription, are attached to these lease agreements. The disclosures were submitted in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and the SEBI Master Circular dated November 11, 2024.

Rajvi Logitrade reported a 162% year-on-year increase in net profit to ₹286.51 lakh for the financial year ended March 31, 2026, driven by a 124% surge in total income from operations. The company’s revenue from operations rose to ₹9568.75 lakh for FY26, compared to ₹4264.10 lakh in the previous year, as per the audited financial results approved by the Board on May 25, 2026.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹143.85 lakh, a significant increase from ₹47.88 lakh in the corresponding period of the previous year. Total income from operations for the quarter stood at ₹3095.11 lakh. The Statutory Auditors, M/S Prakash Tekwani & Associates, issued an unmodified opinion on the standalone financial results.

Financial Performance

The company’s earnings per share (EPS) for the full year stood at ₹7.16, down from ₹10.94 in the previous year, while basic EPS for the quarter was ₹3.60. Total expenses for FY26 increased to ₹9306.91 lakh from ₹4158.38 lakh in FY25, primarily due to higher operating costs and purchase of stock-in-trade.

Board Approvals and Appointments

The Board approved the re-appointment of M/S Shah Deep And Company as Internal Auditor for the financial year 2026-2027. Additionally, Mr. Bhupendrasinh Dalpatsinh Rana was appointed as Vice President – Logistics Operations effective June 1, 2026, with a monthly remuneration of ₹75000.

Related Party Transactions

Based on the Audit Committee's recommendation, the Board approved a related party transaction for the purchase of diesel from M/s Rajvi Petroleum for an amount not exceeding ₹9 crore for FY 2026-2027. The Board also approved an enhanced arrangement for hiring vehicles from Mr. Bhupendrasinh Rana and an amendment to the existing lease arrangement with Rajvi Cargo Movers Private Limited.