Chartered Logistics Limited has taken a significant financial step as its Board of Directors approved borrowing from Poonawala Fincorp Limited. The decision was made during a board meeting held on September 20, 2025, at the company's registered office in Ahmedabad.

Key Details of the Board Meeting

• Date and Time: September 20, 2025, from 2:00 PM to 3:00 PM
• Venue: Registered office of Chartered Logistics Limited
• Key Decision: Approval of borrowing from Poonawala Fincorp Limited
• Legal Basis: Approval granted under section 179 of the Companies Act, 2013

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, Chartered Logistics promptly disclosed the outcome of the board meeting. Ms. Hirvita Shah, the Company Secretary and Compliance Officer, communicated the decision to BSE Limited as part of the company's regulatory disclosure requirements.

Company Profile

Chartered Logistics Limited, with its registered office in Ahmedabad, operates in the logistics sector. The company's vision is "To be a premium logistics company with focus on better than the best," while its mission statement emphasizes delivering delight to customers, stakeholders, and employees.

Implications

While the specific details of the borrowing arrangement with Poonawala Fincorp Limited were not disclosed, this decision suggests that Chartered Logistics may be looking to strengthen its financial position or fund potential growth initiatives. The move could have implications for the company's capital structure and future operations.

Investors and stakeholders will likely be keen to learn more about the terms of the borrowing and how Chartered Logistics plans to utilize these funds to drive value for the company.

Chartered Logistics Limited (CLL) has announced significant changes in its leadership and released its financial results for the fiscal year ended March 31, 2023. The company has made a key appointment and disclosed its financial performance, showing a mixed picture of challenges and resilience in a dynamic market environment.

New Appointment

Chartered Logistics has appointed Ms. Hirvita Shah as the Whole Time Company Secretary and Compliance Officer, effective May 29, 2023. This strategic move is expected to strengthen the company's corporate governance and regulatory compliance efforts.

Financial Performance

For the fiscal year ended March 31, 2023, Chartered Logistics reported the following key financial metrics:

All financial figures in Rs. lakhs, except EPS in Rs.

The company experienced a significant decline in revenue from operations, dropping by 33.42% compared to the previous year. This decrease in revenue had a cascading effect on the company's profitability, with net profit falling by 71.24% year-over-year.

Despite the challenging financial landscape, Chartered Logistics managed to maintain profitability, albeit at a reduced level. The earnings per share (EPS) decreased from Rs 0.06 to Rs 0.02, reflecting the impact of lower profits on shareholder returns.

Audit Opinion

In a positive development, the Managing Director of Chartered Logistics announced that the statutory auditors have issued an unmodified opinion on the audited financial results. This clean audit report underscores the company's commitment to transparent financial reporting and adherence to accounting standards.

Looking Ahead

While the financial results for FY 2023 show a contraction in both revenue and profitability, the appointment of Ms. Hirvita Shah as Company Secretary and Compliance Officer signals the company's focus on strengthening its corporate structure. As Chartered Logistics navigates through the current economic challenges, stakeholders will be keenly watching how the company adapts its strategies to improve its financial performance in the coming quarters.

The logistics sector continues to face headwinds, and Chartered Logistics' performance reflects these industry-wide challenges. However, the company's ability to maintain profitability, albeit reduced, demonstrates a degree of resilience in a tough operating environment.

Investors and market observers will be closely monitoring Chartered Logistics' future initiatives and strategic moves as it strives to regain growth momentum and enhance shareholder value in the face of ongoing market uncertainties.