Jet Freight Logistics Limited Executive Director Dax Francis Theknath has released a pledge on 20,39,500 equity shares, as per a recent disclosure made under SEBI regulations for substantial acquisition of shares and insider trading provisions.

Pledge Details

The pledge, which was originally created in favor of Aditya Birla Finance Limited for working capital facility purposes, has now been released. This corporate action has resulted in changes to Theknath's shareholding structure within the company.

Shareholding Impact

Following the release of the pledge, Theknath's shareholding position in Jet Freight Logistics Limited is as follows:

The release of the pledge has reduced the number of encumbered shares held by Theknath, potentially indicating an improvement in the company's financial position or a change in its working capital arrangements.

Regulatory Compliance

This disclosure aligns with the Securities and Exchange Board of India (SEBI) regulations, which require prompt reporting of significant changes in shareholding patterns and pledge status for key company insiders and substantial shareholders. Such transparency helps maintain market integrity and keeps investors informed about important developments within publicly traded companies.

Investors and market observers may view this pledge release as a positive signal, as it could suggest increased confidence in the company's financial stability or improved liquidity position. However, it's important to note that the specific reasons for the pledge release have not been disclosed in the available information.

Jet Freight Logistics Limited has announced its unaudited financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company's performance shows a mixed picture with a decline in revenue but an improvement in profitability compared to the previous quarter.

Revenue and Profitability

On a standalone basis, Jet Freight Logistics reported a revenue from operations of Rs. 8,362.33 lakhs for Q2 FY2026, marking a significant decrease from Rs. 11,936.66 lakhs in the previous quarter. However, the company managed to maintain profitability, with a profit after tax of Rs. 87.08 lakhs for the quarter.

The consolidated results paint a similar picture:

Operational Highlights

Despite the quarter-on-quarter decline in revenue, Jet Freight Logistics has shown improvement in its year-on-year performance. The company's profit after tax for Q2 FY2026 increased by 46.67% compared to the same quarter last year.

Financial Position

As of September 30, 2025, Jet Freight Logistics reported:

• Total equity (consolidated) of Rs. 6,687.26 lakhs
• Cash and cash equivalents of Rs. 59.48 lakhs

Management Commentary

The Board of Directors, led by Chairman and Managing Director Richard Francis Theknath, approved these results in a meeting held on October 30, 2025.

Business Outlook

Jet Freight Logistics continues to operate primarily in the freight forwarding business. The company's performance in the coming quarters may be influenced by various factors including global trade dynamics, operational efficiency, and market conditions in the logistics sector.

Investor Considerations

While the quarter-on-quarter revenue decline may raise concerns, the year-on-year improvement in profitability could be a positive sign for investors. The company's ability to maintain profitability despite lower revenues suggests effective cost management.

Investors should note that these are unaudited results and may be subject to changes. The company's performance in the upcoming quarters will be crucial in determining the sustainability of its profitability and growth trajectory.

As always, investors are advised to conduct their own research and consider multiple factors before making investment decisions.