Glottis Limited has officially updated its Corporate Identification Number following its successful listing on major Indian stock exchanges. The Chennai-based company announced the regulatory change in a formal communication to both BSE Limited and National Stock Exchange of India Limited on February 27, 2026.

CIN Update Details

The Ministry of Corporate Affairs has processed the company's application and updated its master data to reflect the new listed status. The changes include both the CIN modification and listing status update.

Company Financial Structure

According to the Ministry of Corporate Affairs records, Glottis Limited maintains a substantial capital structure as a public limited company. The company's financial framework demonstrates its growth trajectory since incorporation.

Corporate Information

Glottis Limited, formerly known as Glottis Private Limited, was incorporated on 18/04/2022 under the Registrar of Companies, Chennai. The company operates as a non-government public limited company and maintains its registered office in Chennai's Thambu Chetty Street.

Stock Exchange Trading Details

The company's equity shares are now actively traded on both major Indian stock exchanges with designated trading symbols.

Regulatory Compliance

The CIN change represents a standard regulatory procedure for companies transitioning from unlisted to listed status. The updated identification number reflects the company's current classification as a listed entity under the Ministry of Corporate Affairs framework. Company Secretary and Compliance Officer Nibedita Panda has formally communicated these changes to both stock exchanges, requesting updates to their corporate information sections and records.

Glottis Limited reported challenging third quarter results for FY26, with revenue from operations declining to INR 1,439 million amid a soft global logistics environment. The company faced headwinds from lower shipment volumes, softer freight rates, and cautious customer behavior across key trade corridors.

Financial Performance Overview

The company's financial metrics reflected the challenging operating environment during the quarter ended December 31, 2025.

The decline in profitability margins was attributed to softer freight rates and the company's strategic decision to maintain customer relationships despite thinner margins. Management emphasized their focus on protecting long-term business continuity during this challenging period.

Operational Metrics and Volume Analysis

Container throughput during Q3 FY26 was 20,710 TEUs, representing a decline from earlier periods. For the nine-month period, total TEUs handled reached 67,742. The revenue per TEU averaged approximately INR 69,000 during the quarter, down from previous periods due to market softness.

Management noted that freight rates dropped by 28-30% during the quarter, with average per TEU costs declining from approximately INR 79,000 in Q2 FY26 to around INR 67,000 in Q3 FY26, representing a 16% decrease.

Business Mix and Geographic Distribution

Sea import operations remained the dominant revenue contributor, accounting for 79% of total revenue during Q3 FY26. Sea export showed improvement, increasing to 14.5% of revenue compared to 12.2% in the previous quarter.

Geographically, Asia continued as the primary market, contributing 83% of Q3 FY26 revenue and 84% for the nine-month period. North America accounted for 8% of Q3 revenue, followed by Europe at 5%.

Industry Verticals and Customer Concentration

Renewable energy remained the largest industry vertical, contributing 32.7% of Q3 FY26 revenue. Engineering products showed significant growth, increasing to 20.2% of revenue compared to 10.8% in the previous quarter, driven by project cargo movements and higher dispatch activity.

Customer concentration remained stable with the top 5 customers contributing INR 438.9 million (30.5%) of Q3 FY26 revenue and INR 1,976.3 million (37.5%) for the nine-month period.

Operational Expansion and Fleet Growth

Despite market challenges, Glottis continued selective investments in its operational footprint. The company opened a new branch in Ahmedabad to strengthen its presence in West India and enhance customer service capabilities in the region.

Fleet expansion continued with the addition of 25 vehicles during the quarter, bringing the total owned fleet strength to 42 vehicles. This expansion aims to improve first-mile and last-mile control while reducing dependency on third-party logistics providers.

Management Outlook and Strategic Focus

Management acknowledged the challenging market conditions, citing policy changes and global freight market softness as key factors impacting performance. The company maintained its focus on customer engagement, disciplined cost control, and long-term relationship building.

Looking ahead, Glottis plans to continue expanding its service depth, broadening customer coverage in target industries, and maintaining tight operational cost control. The company emphasized its measured, long-term approach and requested investors to evaluate performance from a long-term perspective rather than quarterly fluctuations.