Promoters of Ritco Logistics Limited have confirmed that they have not encumbered any shares of the company, directly or indirectly, during the financial year ended March 31, 2026. Sanjeev Kumar Elwadhi and Roma Wadhha, in separate disclosures submitted to the National Stock Exchange of India Ltd and Bombay Stock Exchange Limited, stated that the number of encumbered or pledged shares by the promoters remains Nil as of the same date. These filings ensure transparency regarding the promoters' holding status and adherence to regulatory norms.

The declarations were made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The promoters affirmed that no new pledges have been made beyond those previously disclosed to the stock exchanges. The confirmation provides assurance to investors regarding the stability of the promoters' shareholding in Ritco Logistics .

Disclosure Details

The filings specifically address the status of shares held by the promoters for the financial year ended March 31, 2026. The key points from the disclosures are summarized below:

Ritco Logistics Limited secured new transportation contracts worth approximately ₹10.07 crore in May 2026, reinforcing its operational footprint across key industrial routes. The new business highlights the company's expanding geographic presence and its focus on long-term client partnerships within the Full Truck Load (FTL) and integrated logistics sectors. The order book for the month demonstrates a balanced mix of tenures, with the majority of the contract value, amounting to ₹8.20 crore, allocated to long-term 1-year agreements. This ensures revenue visibility and operational stability for the logistics service provider.

Key Contract Wins

The Polymer & PSU segment contributed significantly to the monthly performance, accounting for approximately ₹9.30 crore of the total business secured. Ritco Logistics won a 1-year contract with SLR worth ₹3.50 crore for movement from Bellary to Rajkot. Additionally, the company secured two contracts with RINL valued at a combined ₹5.80 crore. This includes a 1-year contract from Raipur to various destinations worth ₹4.40 crore and a 6-month contract from Hyderabad to Ahmedabad and Chennai worth ₹1.40 crore.

In the Infrastructure, Engineering & Industrial Goods segment, Ritco Logistics continued its association with BHEL, securing a 1-year contract for movement from Trichy to Satpura. The company also entered the renewable energy-linked supply chain by securing contracts with RenewSys. These contracts cover movement from Khopoli and Patalganga to various destinations, as well as from Hyderabad to Kadampur in Tamil Nadu.

Business Mix and Geography

The May 2026 order book reflects a strategic diversification across sectors and regions. The Steel & Metals segment drove bulk commodity and PSU logistics, while the new contracts with RenewSys mark Ritco's entry into the Solar & Renewable Energy sector. Geographically, the company strengthened its presence across Central India, South India, West India, and the Maharashtra industrial belt.

TrucksUp Platform Growth

Ritco Logistics' technology initiatives, particularly its TrucksUp platform, recorded significant growth in May 2026. The platform's FASTag Gross Merchandise Value (GMV) crossed ₹30 crore, registering a ~20% month-on-month increase in transaction value. This trend indicates growing adoption among fleet operators consolidating highway toll payments through the platform. The company also signed an MOU with Patanjali for the FASTag solution. Additionally, over 1200 digital fuel cards were created on the platform in May, reflecting steady adoption for structured fuel payment management. The platform also launched its Global Positioning System (GPS) device on-boarding and procurement process to enhance operational efficiency.