GB Logistics Commerce Ltd

AGM Details

• AGM held Sep 30, 2026 at 3:00 PM; venue physical with remote e-voting facility.
• Remote e-voting window Sep 27–29, 2026.
• Meeting concluded at 5:30 PM.

Resolutions and outcomes

• Adopt Audited Financial Statements for FY ended; outcome not disclosed.
• Re-appointment of Prashant Natwarlal Lakhani by rotation; outcome not disclosed.
• Regularisation of Mohit Joshi as Independent Director for 5 years; outcome not disclosed.
• Regularisation of Dheeraj Sharma as Independent Director for 5 years; outcome not disclosed.
• Regularisation of Tajinder Singh Kukreja as Executive Director; outcome not disclosed.
• Increase in Authorized Share Capital and MOA alteration; outcome not disclosed.

Director changes

• Prashant Natwarlal Lakhani retires by rotation; seeks re-appointment.
• Mohit Joshi regularised as Independent Director for 5 years; effective from 13 Nov 2025.
• Dheeraj Sharma regularised as Independent Director for 5 years; effective from 13 Nov 2025.
• Tajinder Singh Kukreja regularised as Executive Director.

GB Logistics Commerce Limited trading window closed from 1 October 2026 till 48 hours after the conclusion of the Meeting of the Board of Directors to be held for the purpose of considering the Un-Audited Financial Results for the Quarter and half year ended 30 September, 2026

Overview & business

• Two business verticals: Logistics Services and Trading of Agricultural Commodities.
• Wholly owned subsidiary Norbexi Industries Limited.
• IPO completed and listed on BSE SME Platform; net IPO proceeds ₹2,365.18 lakhs.
• IPO proceeds allocated: working capital ₹937.77, trucks ₹380.00, debt repayment ₹500.00, general corporate ₹547.41.
• Authorized share capital increased to ₹25 crore.
• 06th AGM scheduled for 30 September 2026 at 3:00 PM in Nagpur.
• Key governance changes: Mohit Joshi and Dheeraj Sharma appointed Independent Directors (Nov 13, 2025).
• Tajinder Kukreja appointed Executive Director and CFO (Oct 6, 2025).
• Navin Mehta CFO resigned (Sept 30, 2025); Piyush Harish Talyani appointed Company Secretary (May 29, 2026).
• Five board meetings conducted in FY2025-26.

Financial performance

• Standalone revenue from operations ₹7,219.37 lakhs; ₹72.19 crore.
• Standalone PBT ₹326.48 lakhs; Standalone PAT ₹244.07 lakhs.
• Standalone EPS ₹2.98.
• Consolidated revenue ₹13,076.63 lakhs; Consolidated PBT ₹1,208.05 lakhs; Consolidated PAT ₹903.45.
• Consolidated EPS ₹11.03.
• No dividend declared for FY2025-26.
• Cash flow: operating ₹614.41; investing ₹-2,484.48; financing ₹2,527.88; net increase ₹657.81; closing ₹930.60.

Capital allocation & IPO

• IPO net proceeds ₹2,365.18 lakhs; utilisation across working capital, trucks, debt repayment and general corporate.
• Increase in authorised share capital to ₹25 crore approved by Members.
• Bonus issue linked to Norbexi subsidiary noted in notes; private arrangements described in notes.

Governance & board changes

• Independent Directors Mohit Joshi and Dheeraj Sharma appointed Nov 13, 2025.
• Executive Director Tajinder Singh Kukreja appointed Oct 6, 2025.
• CFO and Company Secretary changes: Navin Mehta resigned; Tajinder Kukreja appointed CFO; Payal Maheshwari resigned; Piyush Talyani appointed.
• Five board meetings held; committees: Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee.

Operations & segments

• Two segments: Logistics Services and Trading of Agricultural Commodities.
• Segment revenue: Trading ₹750.14 lakhs; Services ₹12,326.49 lakhs; Total ₹13,076.63 lakhs.
• Norbexi subsidiary accounts for 99.99% of the Group's equity interest; subsidiary revenue ₹6,325.27 lakhs.
• Geography: operations in India; focus on fleet and technology-enabled logistics.

Related party transactions & risk

• Related party disclosures include transactions with KMPs and relatives; substantial intercompany balances.
• Loans from KMPs and relatives; loans to subsidiary Norbexi; repayments and conversion noted.
• Audit Committee reviews related party transactions; governance policy hosted on company website.

Audit, internal controls & compliance

• Statutory auditors: NKSC & Co.; Secretarial Auditor: VRG & Associates.
• Audit reports note trade receivables impairment risk; no material qualifications in standalone audit.
• Independent Directors meet annually; internal controls framework reviewed by management and auditors.
• Secretarial audit flagged delays in ADT-1, CHG-1, RPT filings; management taking corrective actions.

Subsidiaries & group structure

• Norbexi Industries Limited is a wholly owned subsidiary; equity share 99.99%.
• Group consolidated financials include Norbexi as subsidiary; key numbers show revenue and PAT contribution.
• Subsidiary balance sheet: assets and liabilities detailed; intercompany loans and related party balances disclosed.

Key dates

• Book closure: 24/09/2026 to 30/09/2026, both days inclusive.
• Purpose: for the 06th Annual General Meeting.
• AGM date: 30 September 2026.
• Security: Equity shares.
• Dividend: no dividend declared for FY 2025-26.

Key approvals

• 06th AGM scheduled for 30 September 2026 at 03:00 PM, Nagpur.
• Directors' Report for FY ended 31 March 2026 approved.
• Notice convening the 6th AGM approved.

Meeting Details

• Date: 07 September 2026; time and venue not disclosed.

Key Agenda Items

• Discussion on Notice for the Annual General Meeting for FY 2025-26.
• Discussion on Director Report of the Company for FY 2025-26.
• Discussion to fix Date, Place and Timing of Annual General Meeting.

Dematerialisation data status

• No processing details of dematerialisation/rematerialisation requests are provided in this chunk.