GB Logistics Commerce Limited , a leading player in the logistics sector, has announced its financial results for the half-year ended September 30, 2025, alongside significant changes to its board of directors.

Financial Highlights

The company reported robust financial performance for the first half of the fiscal year 2025-26:

GB Logistics Commerce demonstrated strong growth in its services segment, which contributed the entirety of its revenue from operations for the period.

Operational Performance

The company's focus on its services segment has paid off, with operating results from services reaching Rs. 1,328.69 lacs. This performance underscores GB Logistics Commerce's strategic emphasis on its core logistics and commerce services.

Board Restructuring

In a significant move, GB Logistics Commerce announced changes to its board composition:

• Two independent directors have resigned, citing time constraints.
• Two new independent directors have been appointed to the board.

These changes are expected to bring fresh perspectives and expertise to the company's leadership team.

Utilization of IPO Proceeds

GB Logistics Commerce confirmed the full utilization of its IPO proceeds, which were raised earlier in the year. The funds have been deployed across several key areas:

This strategic allocation of funds is aimed at strengthening the company's operational capabilities and financial position.

Balance Sheet Strength

As of September 30, 2025, GB Logistics Commerce reported a robust financial position:

• Total Assets: Rs. 15,287.84 lacs
• Shareholders' Funds: Rs. 5,721.78 lacs
• Cash and Bank Balances: Rs. 1,139.50 lacs

The company's strong balance sheet provides a solid foundation for future growth and expansion initiatives.

Future Outlook

While the company has not provided specific forward-looking statements, the focus on service segment growth and the strategic utilization of IPO proceeds suggest a continued emphasis on expanding its logistics and commerce operations.

GB Logistics Commerce's performance in the first half of FY2025-26 demonstrates its resilience and strategic focus in the competitive logistics sector. The board restructuring and full utilization of IPO proceeds indicate the company's commitment to strengthening its market position and operational capabilities.

GB Logistics Commerce Limited announced that its Chief Financial Officer (CFO), Navin Keshrimal Mehta, has tendered his resignation, effective September 30, 2025. The company's Board of Directors is set to meet on October 6, 2025, to discuss the appointment of a new Executive Director and CFO, among other matters.

Resignation Details

Mehta cited increasing personal and professional commitments as the primary reason for his departure. In his resignation letter, he expressed that these commitments require his dedicated attention, making it challenging to continue fulfilling his CFO responsibilities with the necessary focus and dedication.

Mehta's Tenure and Gratitude

In his communication to the Board, Mehta conveyed his gratitude for the trust and support he received during his tenure at GB Logistics Commerce Limited. He also expressed pride in being part of the company's growth journey in the logistics sector.

Smooth Transition

Demonstrating his commitment to the company, Mehta has pledged to ensure a smooth handover of responsibilities. This approach aims to minimize any potential disruption to the company's financial operations during the transition period.

Board Meeting and Future Plans

The company has scheduled a Board of Directors meeting for October 6, 2025, to address several key matters:

1. Appointment of a new Executive Director and Chief Financial Officer (CFO)
2. Discussion of Mehta's resignation
3. Consideration of the resignation of an existing Director

Additional Board Changes

In a separate announcement, the company disclosed that Mr. Kashyap Budhaji Pakhide, a Non-Executive Director, has also resigned from the Board of Directors, effective September 30, 2025. Pakhide cited increasing professional commitments and pre-occupation with other business activities as reasons for his departure.

Trading Window Closure

In compliance with SEBI regulations, GB Logistics Commerce Limited has announced that the trading window for dealing in the company's securities will remain closed for designated persons and their immediate relatives until 48 hours after the conclusion of the upcoming Board Meeting.

As GB Logistics Commerce Limited navigates these leadership changes, stakeholders will be keenly watching how the company manages the transition and appoints new leadership to guide its financial strategy and operations in the competitive logistics sector.