Sunsky Logistics Limited has scheduled its 6th Annual General Meeting (AGM) for Tuesday, September 22, 2026, at 11:00 am. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars.

Shareholders registered as on the record date of September 11, 2026, will be eligible to vote. The remote e-voting period begins on September 19, 2026, at 9:00 am and ends on September 21, 2026, at 5:00 pm. The facility is provided by National Securities Depository Limited (NSDL).

Key Agenda Items

The board of directors approved the agenda during its meeting held on August 24, 2026, in Ahmedabad. The primary businesses to be transacted include:

• Adoption of Financial Statements: Shareholders will consider and adopt the audited financial statements for the fiscal year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.
• Reappointment of Director: Mr. Akash Ashokbhai Shah, Managing Director, retires by rotation and offers himself for reappointment. He holds a Bachelor of Commerce and an MBA in Marketing, with over 15 years of experience in shipping and logistics.
• Statutory Auditor Appointment: M/s. Ankit M. Shah & Co., Chartered Accountants (FRN: 135877W), will be appointed as Statutory Auditor for five consecutive years, from the conclusion of this AGM until the conclusion of the 11th AGM.
• Secretarial Auditor Reappointment: M/s. Parth P Shah & Associates will be reappointed as Secretarial Auditor for five consecutive years, covering financial years 2026-27 to 2030-31.

Auditor Appointments Details

The board finalized key auditor appointments to ensure regulatory compliance:

• Internal Auditor: M/s N M Parikh & Co was appointed as the internal auditor.
• Secretarial Auditor: The board recommended the reappointment of M/s Parth P Shah & Associates based on their experience in handling secretarial audits for listed companies and their technical expertise.

Akash Ashokbhai Shah, Managing Director, and Vaibhavi Akash Shah, Director, signed off on the resolutions.

Key Dates for Shareholders

The following table outlines the critical dates related to the AGM and e-voting process:

Members can join the meeting 15 minutes before the scheduled time. Proxy appointments are not available for this AGM, except for body corporates which may appoint authorized representatives.

Sunsky Logistics reported a 14.6% year-on-year increase in net profit to ₹284.97 lakh for the fiscal year ended March 31, 2026. Revenue from operations grew 14.7% to ₹2,527.67 lakh, driven by expanded logistics services and fleet additions following its initial public offering.

The Ahmedabad-based logistics firm completed its IPO in October 2025, raising ₹1683.60 lakh through the issue of 36.60 lakh equity shares at ₹46 each. The company listed on the BSE SME Platform shortly after. Management allocated the majority of these proceeds toward purchasing flatbed trailers and repaying existing borrowings.

Financial Performance

Operating revenue rose from ₹2,204.37 lakh in FY25 to ₹2,527.67 lakh in FY26. This growth was supported by new road transportation services, which contributed ₹435.23 lakh in revenue during the current fiscal year. Integrated logistics services remained the core revenue driver, generating ₹2,092.44 lakh.

Total expenses increased to ₹2,219.64 lakh from ₹1,876.41 lakh in the previous year. Freight, handling, and servicing costs accounted for the largest share of expenditures at ₹1,763.97 lakh. Employee benefit expenses also rose to ₹109.58 lakh, reflecting workforce expansion and statutory gratuity provisions.

Capital Structure and Balance Sheet

The company’s authorized capital remained unchanged at ₹3 crore. However, issued share capital increased to ₹248.70 lakh following the IPO. Reserves and surplus surged to ₹2,006.48 lakh, primarily due to securities premium from the fresh issue and retained earnings.

Borrowings saw significant movement during the year. Long-term borrowings stood at ₹961.99 lakh as of March 31, 2026, up from ₹118.12 lakh in FY25. This increase was partly offset by the use of IPO proceeds to repay ₹350 lakh of outstanding debt. Short-term borrowings totaled ₹463.96 lakh, including secured loans repayable on demand.

Property, plant, and equipment expanded dramatically to ₹1,885.28 lakh from ₹24.94 lakh in the prior year. This growth reflects substantial investments in vehicles and trailers, aligning with the company’s strategy to strengthen its transportation fleet. Trade receivables nearly doubled to ₹795.79 lakh, indicating higher operational volumes.

What the Numbers Show

A notable divergence exists between operating cash flow and net profit. While the company generated a net profit of ₹284.97 lakh, cash used in operating activities amounted to ₹426.50 lakh. This outflow was driven by a ₹374.30 lakh increase in trade receivables and a ₹460.02 lakh rise in other current assets, largely comprising prepaid expenses and advances. This suggests that working capital requirements have intensified alongside business expansion, requiring external financing to bridge the gap between earnings and cash generation.