Ritco Logistics Limited, one of India's leading Full Truck Load (FTL) transportation and integrated logistics service providers, announced its monthly business update for April 2026, reporting new transportation contracts worth approximately ₹49 crores. The contract wins span key industrial segments including petrochemicals, electrical infrastructure, tyres, and renewables, reflecting the company's continued focus on strengthening long-term partnerships and expanding sectoral presence across core industrial corridors.

Transportation Vertical – Key Contract Wins

The April 2026 order inflows were dominated by the Polymer and PSU segment, which contributed the bulk of new business. The following table summarises the key contract wins during the month:

The ~₹44 crore petrochemical contract involves multi-location movement, underscoring Ritco Logistics's capability in managing complex, high-volume bulk logistics operations. The continued association with large public sector undertakings (PSUs) reflects strong customer confidence and execution reliability. Contracts with India's leading electrical company across Trichy and Jagdishpur locations further strengthen the company's presence in heavy engineering and project logistics.

Business Mix and Order Book Highlights

The April 2026 order book reflects a diversified mix of contract types and sectors. Key characteristics of the month's business inflows include:

• Strong contribution from the PSU and polymer sector, driving bulk revenues
• A healthy mix of short-term and medium-term contracts, ensuring operational agility
• Continued presence across core industries such as steel, infrastructure, and industrial goods
• Reinforcement of long-standing client relationships through renewals and extensions

Outlook

While April reflects a relatively moderate inflow compared to the previous month, the quality of contracts—especially in the PSU and infrastructure segments—provides strong revenue visibility and operational stability. Ritco Logistics remains focused on scaling its core FTL business while expanding into diversified sectors and strengthening long-term strategic partnerships.

TrucksUp Platform Updates

The TrucksUp platform recorded notable operational milestones in April 2026. FASTag GMV on the platform crossed ₹25 crore, registering a ~14% month-on-month increase in transaction value. This growth reflects rising adoption among fleet operators consolidating highway toll payments through the platform.

Additionally, over 1,000 digital fuel cards were created on TrucksUp during April, reflecting steady adoption among fleet operators and transporters. The platform has also enabled HPCL (Hindustan Petroleum Corporation Limited) fuel card management services, adding to its existing integrations with Indian Oil Corporation Limited (IOCL) and Jio-bp. Fleet operators and transporters can now apply for HPCL fuel cards directly within the TrucksUp app, recharge card balances, and configure custom spending limits without leaving the platform.

Information Technology Enhancements

Ritco Logistics also reported ongoing improvements across its information technology infrastructure during April 2026:

• Log Management & Audit Trail Enhancement: Continuous enhancements to logging mechanisms to improve traceability and accountability of system and user activities, with refined log retention policies aligned to compliance requirements and strengthened log storage security.
• Change Management Process Improvement: Approval workflows enforced for all production-level changes, with change tracking mechanisms and defined rollback procedures implemented for controlled and traceable deployments.
• Third-Party Dependency Risk Management: An inventory of all third-party components was created and maintained, with regular checks for outdated or vulnerable dependencies and version upgrades carried out for high-risk components.

The April 2026 business update reflects Ritco Logistics's continued momentum across its core FTL transportation business and its growing TrucksUp digital platform, with new contract wins reinforcing its presence in key industrial segments and technology integrations expanding the platform's commercial vehicle management capabilities.

Ritco Logistics Limited has received a regulatory disclosure from its promoter, Manmohan Singh Chadha (HUF), confirming that no shares of the company were encumbered or pledged during the financial year ended March 31, 2026. The declaration was submitted in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and was communicated to both the National Stock Exchange of India Ltd. and the Bombay Stock Exchange Limited.

Disclosure Under SEBI Takeover Regulations

The disclosure was made by Manmohan Singh Chadha, in his capacity as Karta of Manmohan Singh Chadha (HUF), who is a promoter of Ritco Logistics Limited. As mandated under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, promoters are required to declare on an annual basis whether any encumbrance has been created on their shareholding during the relevant financial year.

Key Details of the Declaration

The following key details are outlined in the regulatory filing:

The promoter declared that no encumbrance of any shares of Ritco Logistics Limited was made, either directly or indirectly, other than those already disclosed to the stock exchanges during the financial year ended March 31, 2026. Furthermore, the total number of encumbered or pledged shares as of March 31, 2026 was confirmed to be nil.

Regulatory Compliance

This disclosure is part of the annual compliance framework established by SEBI to ensure transparency in promoter shareholding patterns and to safeguard investor interests. The filing was addressed to the Listing Department of the National Stock Exchange of India Ltd. and the Department of Corporate Services of the Bombay Stock Exchange Limited, fulfilling the company's obligations under the applicable regulations.