tejas cargo has disclosed that its promoters and persons acting in concert (PACs) did not create any fresh encumbrances on the company's shares during the financial year ended March 31, 2026. The declaration, submitted to the National Stock Exchange of India Limited, confirms that no shares were pledged or otherwise encumbered directly or indirectly beyond those previously disclosed.

The disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Manish Bindal, a Promoter of Tejas Cargo India Limited, provided the declaration on behalf of all promoters, members of the promoter group, and PACs. The document was signed on April 06, 2026, in Faridabad.

The filing identifies seven individuals as belonging to the promoter or promoter group. The list includes Manish Bindal, Chander Bindal, Harsh Gupta, Kirti Bindal, Nirmal Bindal, Meenu Bindal, and Pawan Bindal. The Permanent Account Number (PAN) details for these individuals were not disclosed in the filing.

Promoter and PAC Details

The following table outlines the individuals covered under the disclosure:

Tejas Cargo India Limited, formerly known as Tejas Cargo India Private Limited, is headquartered in Faridabad, Haryana. The company's scrip symbol on the exchange is TEJASCARGO, and its Corporate Identification Number (CIN) is L60230HR2021PLC094052.

Tejas Cargo India Limited reported a 9.4% increase in net profit to ₹20.90 crore for the financial year ended March 31, 2026, driven by a 25.2% rise in total income to ₹636.5 crore. The company's Board of Directors approved the audited financial results on May 27, 2026. Following the announcement, management held an investor earnings call on May 29, 2026, to discuss financial performance and operational highlights, with the transcript submitted to the exchange on June 04, 2026.

The standalone financial results reveal that total income for FY26 stood at ₹636.11 crore, up from ₹508.10 crore in the previous year. Profit before tax for the year was ₹28.13 crore, compared to ₹25.72 crore in FY25. The board approved the annual audited financial statements, which carry an unmodified opinion from M/s A H P N and Associates, Chartered Accountants. On a consolidated basis, the company reported a net profit of ₹20.93 crore for FY26, with consolidated revenue from operations growing to ₹628.72 crore from ₹501.29 crore.

Key Financial Metrics (Standalone)

Operational Highlights and Strategic Outlook

During FY26, the company added a total fleet of 205 vehicles, including 40 car carriers, taking the total owned fleet to 1,339 vehicles as of March 31, 2026. Fleet utilization remained at 82% for the full year, while revenue per trip improved by 9.3%. Newer business verticals comprising coal, fly ash, car carrier, and freight forwarding contributed to 5.5% of revenue in FY26. The company secured a bauxite mining logistics contract from CMDC for five years, with expected revenue of ₹35 crore to ₹40 crore excluding selling rights.

EBITDA for FY26 stood at ₹117 crore, registering a growth of 13% over FY25, with margins at 18.4%. Management noted that margins moderated due to increased market hiring costs, rising tolls, and insurance. The company's Peso license procurement capability provided a strategic advantage for diesel sourcing, though the discount reduced to 3-4% in the second half of FY26. For FY27, the company targets growth in line with FY26, driven by mining, fly ash, and EV deployment, with a potential top-line improvement of over 20% if new contracts are secured.

Board Decisions and Auditor Appointments

The Board approved the re-appointment of Ms. Aarti Arora, Chartered Accountants, as Internal Auditor for FY27. M/s Abhishek Gupta & Associates were appointed as Secretarial Auditors for the year ending March 31, 2027. The Board issued a notice of postal ballot to seek shareholder approval for increasing the company's borrowing powers under Section 180(1)(c) of the Companies Act, 2013. The statutory auditors confirmed that unutilized IPO proceeds of ₹30.76 crore were fully utilized during the quarter ended June 30, 2025, and noted a contingent liability of ₹1,100.45 lakhs in the form of Performance Bank Guarantees.