Western Carriers (India) Limited has announced its 14th Annual General Meeting (AGM) to be held on Saturday, September 27, 2025, at 10:30 AM IST through video conferencing.

Key Agenda Items

• Adoption of audited standalone and consolidated financial statements for FY 2024-25
• Re-appointment of Mrs. Sushila Sethia as Director liable to retire by rotation
• Approval for continuation of Mrs. Sushila Sethia's directorship after attaining age 70
• Appointment of Mr. Ashok Kumar Daga as Secretarial Auditor for 5 years

Directorship Continuation

The company is seeking shareholder approval via special resolution for Mrs. Sushila Sethia to continue as Whole-time Director after she turns 70 on November 6, 2025. Mrs. Sethia has been associated with Western Carriers since its incorporation and is involved in CSR activities.

New Secretarial Auditor

The Board has recommended appointing Mr. Ashok Kumar Daga as Secretarial Auditor for a 5-year term from FY 2025-26 to 2029-30, subject to shareholder approval. Mr. Daga is a practicing Company Secretary with over 30 years of experience.

E-Voting Details

Remote e-voting will be available from September 24-26, 2025. Members can also vote during the AGM. The company has engaged NSDL to provide the e-voting facility.

Western Carriers completed its IPO and listing in September 2024. The AGM notice highlights the company's transition to being a publicly listed entity, with enhanced corporate governance and disclosure practices.

Western Carriers (India) has reported a significant drop in its financial performance for the first quarter, with net profit declining by 43% year-over-year. The logistics company faced headwinds in both revenue generation and profitability during the period.

Financial Highlights

Performance Analysis

Western Carriers (India) experienced a challenging first quarter, with its financial metrics showing a downward trend across the board. The company's net profit saw a sharp decline of 43%, dropping to ₹107.80 crore from ₹189.90 crore in the corresponding quarter of the previous year.

Revenue for the quarter stood at ₹4.16 billion, representing a slight decrease from ₹4.23 billion reported in the same period last year. This marginal decline in top-line performance suggests potential challenges in the company's core operations or market conditions.

Profitability Squeeze

The company's profitability took a more significant hit, as evidenced by the substantial drop in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). EBITDA fell to ₹208.00 crore, compared to ₹354.50 crore in the same quarter of the previous year, marking a decrease of about 41.3%.

The EBITDA margin, a key indicator of operational efficiency, contracted sharply to 5.00% from 8.39% year-over-year. This compression in margin suggests that Western Carriers (India) faced increased costs or operational challenges that impacted its ability to convert revenue into profits effectively.

Looking Ahead

While the first quarter results present a challenging picture for Western Carriers (India), it remains to be seen how the company plans to address these headwinds in the coming quarters. Investors and analysts will likely be keen to understand the factors behind the decline in profitability and any strategies the management may implement to improve performance.

As the logistics sector continues to evolve, Western Carriers (India)'s ability to adapt to market conditions and optimize its operations will be crucial in reversing the current downtrend in its financial metrics.