Rajvi Logitrade Limited delivered its strongest financial performance in FY26, with profit after tax (PAT) rising 162% year-on-year to ₹286.50 lakh. Revenue from operations more than doubled, increasing 125% to ₹9,667.46 lakh, supported by robust growth in bulk vessel cargo handling and transportation services. The logistics firm has scheduled its 39th Annual General Meeting (AGM) for Tuesday, September 15, 2026, to seek shareholder approval for strategic diversification into salt and petroleum by-products trading.

Financial Performance Highlights

The company’s financial results for FY26 reflect significant operational leverage and improved efficiency. Earnings before interest, depreciation, and taxes (EBITDA) grew by 183% year-on-year to ₹568.24 lakh, outpacing revenue growth and indicating margin expansion.

Note: EBITDA for FY25 is derived from the disclosed 183% growth rate applied to the base figure implied in the annual report highlights.

Operational volumes saw substantial increases across key segments. Bulk vessel cargo handling rose to 1,603,762 metric tonnes from 989,288 MT in FY25. Transportation service volume increased to 423,640 MT from 283,320 MT. However, container cargo handling declined slightly to 3,683 units from 3,765 units, attributed to global trade slowdowns and tariff-related disruptions.

Strategic Business Expansion

At the upcoming AGM, shareholders will vote on a special resolution to alter the Main Objects Clause of the Memorandum of Association (MoA). This amendment aims to include two new business verticals:

• Salt Trading: Buying, selling, importing, exporting, and distributing all varieties of salt, including raw, edible, industrial, iodised, refined, sea, rock, and solar salt.
• Petroleum By-products: Trading in lubricants, fuel, base oil, white oil, mineral oils, tar, solvents, asphalt, bitumen, carbon black, and other hydrocarbons.

This move signals a diversification strategy, leveraging the company’s existing transportation infrastructure to enter commodity trading segments. The company has already commenced metal and scrap trading operations during FY26, which contributed ₹393.23 lakh to total revenue.

Related Party Transactions

Shareholders are asked to approve ordinary resolutions for related-party transactions (RPTs) with two entities:

1. Mr. Bhupendrasinh Dalpatsinh Rana: A relative of promoter-director Mr. Narendrasinh Dalpatsinh Rana. The proposed transaction involves leasing commercial vehicles and availing/rendering logistics services. The aggregate value is capped at ₹15 crore until the next AGM in calendar year 2027.
2. RCC Limited: A promoter group entity under common control. Directors Mr. Maulin Bhavesh Acharya and Mr. Narendrasinh Dalpatsinh Rana are interested in this transaction. The scope includes the purchase of fleet and equipment, as well as availing and rendering logistics services. The cap is set at ₹20 crore for fleet purchases and ₹60 crore for services for the period April 1, 2027 – March 31, 2028.

Director Re-appointment and Governance

Mr. Maulin Bhavesh Acharya (DIN: 00010405), a non-executive, non-independent director liable to retire by rotation, offers himself for re-appointment. He holds 273,250 equity shares and received remuneration of ₹6 lakh during FY26. He attended all eight board meetings held during the financial year ended March 31, 2026.

The company also highlighted improvements in working capital efficiency, with debtor days reducing significantly from 90.4 days in FY25 to 32.3 days in FY26. This improvement contributed to better liquidity and reduced funding requirements.

AGM Details and E-Voting

The 39th AGM will be held at "RAJVI HOUSE", Plot no. 109, Sector-8, Gandhidham, Kachchh, Gujarat, at 12:00 pm. The cut-off date for determining voting eligibility is Tuesday, September 8, 2026.

Remote e-voting through Central Depository Services (India) Limited (CDSL) is enabled. The voting window opens at 9:00 am on Friday, September 11, 2026, and closes at 5:00 pm on Monday, September 14, 2026. Shareholders without registered email addresses have been informed via letter that the Notice of the 39th AGM and the Annual Report for FY2025-2026 can be accessed on the company's website and BSE Limited website.

Rajvi Logitrade reported a net profit of ₹46.13 lakh for the quarter ended June 30, 2026, marking a 4.3% decline from the ₹48.22 lakh earned in the corresponding period of FY25. Revenue from operations contracted by 3.4% to ₹2,151.62 lakh, down from ₹2,228.43 lakh in Q1FY25. The company’s Board of Directors approved the unaudited standalone financial results during a meeting held on August 11, 2026, at its registered office in Gandhidham, Gujarat. The decline in profitability reflects broader margin pressure as total expenses decreased at a slower rate than revenue.

The filing was submitted pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Statutory Auditor, Prakash Tekwani & Associates, issued a limited review report on the standalone financial results. The results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34). Managing Director and CEO Jagdish Dodia signed off on the results, which were also published in The Indian Express and The Financial Express on August 12, 2026.

Financial Performance

Total income from operations stood at ₹2,173.92 lakh, compared to ₹2,228.43 lakh in the prior year period. Total expenses amounted to ₹2,112.28 lakh, a slight decrease from ₹2,163.99 lakh in Q1FY25. This resulted in a profit before tax of ₹61.64 lakh, down from ₹64.44 lakh. After accounting for current tax of ₹17.25 lakh and a deferred tax benefit of ₹1.74 lakh, the profit after tax settled at ₹46.13 lakh. Earnings per share (basic and diluted) dropped significantly to ₹0.73, compared to ₹4.82 in the same quarter last year.

Corporate Actions and Related Party Transactions

The Board approved the notice for the 39th Annual General Meeting (AGM), scheduled to be held on Tuesday, September 15, 2026, at 12:00 P.M. at Rajvi House, Gandhidham. Shareholders will vote on several key resolutions, including related party transactions recommended by the Audit Committee. These transactions include leasing commercial vehicles and logistics services with Mr. Bhupendrasinh Dalpatsinh Rana, valued at up to ₹15 crore, effective from the AGM date until the next AGM in calendar year 2027. Additionally, logistics and allied business services with RCC Limited are valued at up to ₹60 crore for April 1, 2027, to March 31, 2028, alongside a fleet transfer valued at up to ₹20 crore.

Committee Reconstitution and MOA Alteration

Effective August 11, 2026, the Board reconstituted two key committees. Narendrasinh Dalpatsinh Rana was appointed as Chairman of the Nomination & Remuneration Committee, replacing Rajvi Maulin Acharya. Maulin Bhavesh Acharya was appointed as Chairman of the Stakeholders Relationship Committee, also replacing Rajvi Maulin Acharya. Furthermore, the Board approved an alteration to Clause III(A) of the Memorandum of Association to insert additional objects regarding the trading of raw salt and petrochemical by-products, subject to shareholder approval at the AGM.