Jet Freight Logistics Limited has announced the resignation of its internal auditor, M/s. N A R A D And Associates LLP, effective February 28, 2026. The resignation was submitted on February 11, 2026, with the firm citing reconstitution as the primary reason for stepping down from their role.

Resignation Details

The company disclosed the resignation in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015. The following table outlines the key details of the resignation:

Firm Reconstitution Impact

According to the resignation letter submitted by N A R A D And Associates LLP, the decision stems from an upcoming reconstitution of their firm. The reconstitution will result in certain partners, including the engagement partner responsible for Jet Freight Logistics' internal audit, ceasing to be partners of the firm. This change in the firm's constitution necessitated the resignation, as the structure would no longer remain the same as at the time of appointment.

Regulatory Compliance

Jet Freight Logistics has fulfilled its disclosure obligations under multiple SEBI regulations and circulars. The announcement was made in accordance with:

• Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015
• SEBI Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023
• Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

Next Steps

The resignation letter from N A R A D And Associates LLP requested the company to make necessary arrangements for appointing new internal auditors in accordance with applicable provisions. The company will need to ensure continuity in its internal audit function by appointing a replacement auditor for the remainder of the financial year 2025-2026.

The resignation notification was signed by Company Secretary & Compliance Officer Anmol Ashvin Patni on February 12, 2026, while the resignation letter was signed by Darshan Shah, Partner at N A R A D And Associates LLP, on February 11, 2026.

Jet Freight Logistics Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, pursuant to Regulation 33 of SEBI Listing Regulations. The freight forwarding company's Board of Directors approved the results at their meeting held on February 2, 2026, demonstrating mixed performance with revenue growth offset by declining quarterly profitability.

Quarterly Financial Performance

The company's Q3FY26 performance showed contrasting trends in revenue and profitability metrics. While the top line demonstrated robust growth, bottom line results reflected operational challenges.

Other income for the quarter increased to ₹77.12 lakhs from ₹55.30 lakhs in the corresponding period of the previous year. Total comprehensive income for Q3FY26 stood at ₹108.65 lakhs compared to ₹158.93 lakhs in Q3FY25.

Nine-Month Performance Analysis

The nine-month results presented a more balanced picture, with the company maintaining steady performance across key financial parameters.

For the nine-month period, other income significantly increased to ₹281.05 lakhs from ₹94.31 lakhs in the previous year, contributing to overall income stability despite lower operational revenue.

Expense Structure and Operational Metrics

The company's expense management reflected the challenges faced during the quarter. Operational expenses increased to ₹10,219.75 lakhs in Q3FY26 from ₹8,324.51 lakhs in Q3FY25. Employee benefits expense rose to ₹499.68 lakhs compared to ₹483.88 lakhs in the previous year quarter.

The company's profit before tax for the quarter stood at ₹230.39 lakhs compared to ₹248.56 lakhs in Q3FY25.

Consolidated Results and Tax Position

The consolidated financial results showed similar trends, with revenue from operations at ₹11,319.88 lakhs for Q3FY26 versus ₹9,447.17 lakhs in Q3FY25. Consolidated net profit after tax reached ₹108.09 lakhs compared to ₹175.22 lakhs in the corresponding quarter of the previous year.

The company's current tax expense for Q3FY26 was ₹67.21 lakhs, while deferred tax stood at ₹55.38 lakhs. The paid-up equity share capital remained unchanged at ₹2,320.19 lakhs with a face value of ₹5.00 per share.

Corporate Governance and Regulatory Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 2, 2026. The company operates in a single line of business - freight forwarding - and has adopted the new tax regime under the Income-tax Act, 1961. The results were prepared in accordance with Indian Accounting Standards and SEBI listing regulations, with limited review reports issued by statutory auditors Ajay Shobha & Co. The meeting commenced at 1:30 p.m. and concluded at 2:35 p.m., with all regulatory requirements fulfilled under Regulation 33 of SEBI Listing Regulations.