Navkar Corporation Ltd

Investor meeting details

• 14 Aug 2026: EMKAY Confluence 2026, Grand Hyatt, Kalina, Mumbai; Group and One-on-One meetings.
• 18 Aug 2026: Motilal Oswal 22nd Annual Global Investor Conference, Grand Hyatt, Kalina, Mumbai; Group and One-on-One.

AGM details

• AGM held on August 5, 2026 at 11:00 a.m. via Video Conferencing.

Resolutions and outcomes

• Resolution 1: Adoption of Audited Financial Statements; ordinary; passed.
• Votes in favour: 106,045,185; against: 286; 99.9997% of polled votes.
• Resolution 2: Reappointment of Mr. Lalit Singhvi as Director; ordinary; passed.
• Votes in favour: 68,461; against: 0; 100% of polled votes.

Meeting Details

• Date of call: July 21, 2026.
• Event: Earnings Conference Call; organizer: JSW Infrastructure Limited.
• Format: group investor call.

Participants

• Company Secretary & Compliance Officer.

Purpose

• Earnings results discussion.

Additional Notes

• Transcript of the earnings conference call by JSW Infrastructure Limited is available on Navkar's website.

Financial results and audit

• Board approved unaudited Q1 FY2026-27 standalone results at the July 17, 2026 meeting.
• Limited Review Report on Q1 2026-27 results issued with unmodified opinion.
• Single operating segment under Ind AS 108; no subsidiaries or associates as of 30 June 2026.
• Revenue from operations: 19,074.51 lakh; Total income: 19,229.82 lakh.
• Profit after tax: 1,228.13 lakh; Basic and diluted EPS: Rs 0.82.
• Extract to be published in newspapers; results available on Navkar's website and stock exchanges.

Navkar investor meet

• Date: July 21, 2026; Type: conference call; Organizer: JSW Infrastructure Limited; Purpose: Navkar investor meet.

JSW Infrastructure Q1FY27 results call

• Date: July 21, 2026; Time: 5:30 p.m. IST; Type/Mode: conference call, virtual.
• Purpose: discuss unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Transcript will be available on the JSW Infrastructure investor site.
• Key company participants: CEO (Joint MD & CEO), CFO, Strategic Advisor & Board Member.

Dematerialisation/rematerialisation status

• No demat/remat requests were received for processing in the quarter.
• Securities dematerialised/rematerialised have been listed on the exchanges where earlier issues are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depository registered-owner updated within timelines.

AGM and annual report details

• 18th AGM scheduled for 5 August 2026 at 11:00 AM via VC/OAVM.
• Annual Report 2025-26 details available via web-link for unregistered-email members.
• Annual Report 2025-26 available at https://navkarcorp.com/upload_data/Files/annual-report-2025-26.pdf.
• Cut-off date to update email addresses: 10 July 2026.
• Members should update emails with their depository participants for future communications.
• Query contact: MUFG Intime India Private Limited at investor.helpdesk@in.mpms.mufg.com.

Financial snapshot

• Revenue from operations ₹68,745.89 lakhs in FY26, up from ₹48,730.54 FY25.
• Total income ₹69,058.15 lakhs; prior year ₹48,976.03.
• EBITDA ₹11,816.39 lakhs; PAT ₹3,014.56 lakhs.
• EPS (basic/diluted) ₹2.00; net profit margin 4.39%.
• Net debt ₹14,164.55 lakhs; gearing 0.07x; DSCR 1.70x.
• Cash from operations ₹7,704.23 lakhs; capex ₹5,543.59 lakhs.

Operations & footprint

• Single reportable segment: CFS, ICD, CTO, warehousing, MNR.
• Morbi ICD: 140+ acres with five rail sidings; largest inland rail terminal in Western India.
• Panvel: 84-acre campus; Somathane GCT/ICD; two Private Freight Terminals.
• Category 1 CTO license enables pan-India container train operations.
• Three CFS facilities: Ajivali I, Ajivali II, Somathane.

Volumes & customers

• Domestic cargo volumes grew 40% YoY in FY26.
• EXIM volumes grew 21% company-wide in FY26.
• Top customers: ArcelorMittal Nippon Steel India ₹7,935.51 lakhs; JSW Steel ₹7,821.62.
• Morbi warehousing capacity >1 lakh sq ft; scalable to 8 lakh sq ft.

Strategic partnership & expansion

• October 2024: JSW Infrastructure acquired Navkar; Navkar integrated into JSW group.
• JSW group revenue ₹687.46 crore and EBITDA ₹118.16 crore for year ended 31 Mar 2026.
• Expansion focus on Morbi as growth engine; enhanced rail-linked capabilities.

Governance & risk

• Board of eight directors; includes one woman Independent Director.
• Independent Directors met twice; no sitting fees paid for these meetings.
• Material related-party transaction with JSW Steel approved via postal ballot (Nov 2025).
• Auditors: Uttam Abuwala Ghosh & Associates; Secretarial: Ragini Chokshi & Co.; internal audit in place.
• Statutory unmodified audit reports; no fraud; D&O insurance in place.

Capital structure & liquidity

• Authorized share capital ₹2,260 crore; issued equity ₹1,505.19 lakh shares.
• JSW Port Logistics Private Limited holds 70.37% of equity.
• Total borrowings ₹16,849.60 lakhs; net debt ₹14,164.55; gearing 0.07x.
• Credit rating: Crisil AA-/Stable; short-term A1+.
• Dematerialisation: 99.99% of shares in demat form.

Dividends & CSR

• Dividend for FY26 not declared; dividend policy published on website.
• CSR spend ₹16.00 lakhs; 2% of average net profit; no unspent CSR amount.
• CSR contributors: JSW Foundation ₹16.00; Navkar Charitable Trust ₹0 in FY26.

Outlook & risks

• Outlook: Western DFC completion; Morbi ICD ramp-up; rail-enabled, multimodal growth.
• China+1 diversification supports EXIM/logistics demand in Navkar’s footprint.
• Risks: DPD competition; Mundra port congestion; geopolitical and tariff shifts; cyber risk.