Rajvi Logitrade Limited secured shareholder approval for five resolutions at its 39th Annual General Meeting held on September 15, 2026. The agenda included the adoption of audited financial statements for FY26, director re-appointment, and the approval of two related-party transactions.

The most significant corporate action was a special resolution to alter the Object clause of the company's Memorandum of Association (MOA). This resolution received overwhelming support, with 4,400,210 votes cast in favor, representing 99.98% of total valid votes polled. Only 1,000 votes were cast against the measure.

Voting Participation and Results

Voting was conducted primarily through remote e-voting facilitated by Central Depository Services (India) Limited (CDSL), with no physical ballot votes recorded. The record date for voting rights was September 8, 2026.

Promoter vs Public Shareholder Engagement

Promoter and promoter group shareholders held 3,761,000 shares as on the record date. Their participation varied significantly across resolutions. For the adoption of financial statements and the MOA alteration, promoters voted in full, casting all 3,761,000 shares in favor. However, for the re-appointment of Director Maulin Bhavesh Acharya, promoters voted only 785,350 shares, representing approximately 20.88% of their holding. For the related-party transaction with RCC Limited, promoter participation was minimal at 135,350 votes (3.60% of holding).

Public non-institutional shareholders, holding 941,200 shares, demonstrated higher engagement relative to their stake. They polled 640,210 votes (68.02%) across multiple resolutions. Institutional public shareholders, holding 1,623,325 shares, did not cast any votes in this meeting.

What the Numbers Show

The voting data reveals a clear divergence in promoter engagement based on the nature of the resolution. While promoters exercised full voting power for structural changes (MOA alteration) and routine business (financial statement adoption), their participation dropped sharply for director re-appointment and specific related-party transactions. This suggests that promoter voting behavior is highly selective, focusing resources on resolutions requiring broader consensus or structural impact, while delegating or abstaining from routine governance approvals where public shareholder support was sufficient to secure passage.

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.