Accuracy Shipping Ltd

Appointment of Independent Director

• Appointment of Ms. Astha Dhanotiya as Additional Director (Non-Executive Independent) effective 13 August 2026.
• Appointed as member of Audit Committee and Nomination and Remuneration Committee.
• Term of five consecutive years, subject to shareholders' approval.
• Qualified Chartered Accountant with five years experience in Indian and US accounting and taxation.
• No relationships disclosed with other directors.
• Appointment recommended by NRC under Companies Act 2013 and SEBI LODR.
• Reason: Board approved appointment on NRC recommendation.

Meeting Details

• Date: 13 August 2026
• Time: not disclosed
• Location: not disclosed

Key Agenda Items

• Consider and approve Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026.

Other Notes

• Trading window for specified persons closed from July 1, 2026 to 48 hours after unaudited results submission.

Dematerialisation processing and listing status

• Securities received for dematerialisation in the quarter ended 30 June 2026 were confirmed to the depositories.
• Securities in the certificates have been listed on the relevant stock exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled, with depository name substituted as registered owner within timelines.

Target Entities and Business

• A.R.S. Liners (India) Pvt Ltd operates in freight forwarding and container handling in India.
• A.R.S. Terminals (India) Pvt Ltd operates in warehousing and storage services in India.

Size and Financials

• A.R.S. Liners has paid-up capital of Rs. 63 lakh and FY25 turnover of Rs. 17.64 crore.
• A.R.S. Terminals has paid-up capital of Rs. 1 lakh and no turnover in last three years.

Related Party Transaction

• Both targets are related parties with directors Mr. Vinay Tripathi and Mrs. Rama Tripathi.
• Acquisitions are arm’s length related party transactions under applicable laws.

Industry

• Both targets belong to the logistics sector.

Purpose and Rationale

• Acquisitions aim to consolidate group entities and expand shipping, logistics, and freight services.

Regulatory Approvals

• No governmental or regulatory approvals are required for these acquisitions.

Timeline

• The acquisitions are expected to complete within one month.

Consideration and Cost

• Consideration includes cash and conversion of existing loans.
• A.R.S. Liners shares issued at Rs. 96 each (Rs. 10 face value plus Rs. 86 premium).
• A.R.S. Terminals shares issued at par value of Rs. 10 each.

Shareholding Acquired

• Acquisition results in 52% shareholding in A.R.S. Liners, making it a subsidiary.
• Acquisition results in 99.80% shareholding in A.R.S. Terminals, making it a subsidiary.

Background

• A.R.S. Liners incorporated April 2017; turnover grew from Rs. 8.83 crore in FY23 to Rs. 17.64 crore in FY25.
• A.R.S. Terminals incorporated January 2018; no turnover in last three years.

Business Overview

• Accuracy Shipping Limited provides logistics services including customs clearance, transportation, freight forwarding, warehousing, and chartering.
• Operates 393+ trucks, 1.8 lakh sq. ft warehouse space, 72 global agency agreements, and 14 Indian branches.
• Diversified into commercial vehicle sales & service and petroleum products alongside core logistics operations.

Key Operational Highlights

• Handled 82,771 containers in 9MFY26 with average realization of ₹43,299 per container.
• Established long-term rate contracts with major carriers; initiated train chartering with Hapag and CMA.
• Expanded Ashok Leyland dealership network and fuel station presence in Kutch region.

Financial Performance 📊

• Q3FY26 revenue: ₹157.5 crore (-38% YoY); 9MFY26 revenue: ₹509.7 crore (-28% YoY).
• Q3FY26 gross profit: ₹16.6 crore (10.5% margin); 9MFY26 gross profit: ₹44.8 crore (8.8% margin).
• Q3FY26 EBITDA: ₹6.5 crore (4.1% margin); 9MFY26 EBITDA: ₹18.5 crore (3.6% margin), margins improved YoY.
• 9MFY26 PAT: ₹1.9 crore (-52% YoY); PAT margin steady at 0.4%.
• Commercial vehicles segment: 25% of revenue, ₹3.5 crore EBITDA in 9MFY26 with improving margins.
• Logistics segment: 69% of revenue; petroleum products: 6% of revenue in 9MFY26.

Strategic Priorities & Outlook

• Focus on strengthening clearing & forwarding, expanding transportation and last-mile services.
• Emphasis on margin improvement, operational efficiencies, and scaling commercial vehicles and petroleum verticals.
• Mitigation of tariff and freight rate risks through diversification and long-term carrier contracts.

Governance & Leadership

• Chairman & MD: Vinay Tripathi, 20+ years in logistics.
• Whole Time Director: Rama Vinay Tripathi, responsible for administration and HR.
• Board includes independent directors with finance, law, and governance expertise.

🗓️ Meeting Details

• Board meeting scheduled for 14th February 2026, Saturday.

📊 Financial Results

• Board to consider and approve unaudited standalone and consolidated financial results for quarter and nine months ended 31st December 2025.