Navkar Corporation Ltd

Navkar Corporation Limited — Closure of Trading Window from October 01, 2026 till 48 hours after the declaration of the Un-Audited Financial Results for the quarter ended September 30, 2026

Instruments/Facilities Rated

• Total bank loan facilities rated: Rs 278 crore.
• Long-term rating: Crisil AA-/Stable (Reaffirmed).
• Short-term rating: Crisil A1+ (Reaffirmed).

Rating Agency

• CRISIL Ratings Limited.

Outlook

• Long-term outlook: Stable.

Rationale

• No detailed rationale provided in the filing.

Material Changes

• Ratings reaffirmed; no material change disclosed.

Meeting Details

• 16 September 2026 — Virtual Morgan Stanley India Industrials & Energy Seminar; Group meeting.
• 18 September 2026 — Jefferies 5th India Forum; The Oberoi, Gurgaon; Group and One-on-One.
• 22 September 2026 — J.P. Morgan India Conference; The St. Regis, Mumbai; Group and One-on-One.

Participants

• Navkar Corporation Limited — Company Secretary & Compliance Officer.
• JSW Infrastructure Limited — Company Secretary & Compliance Officer.

Purpose

• Intimation of institutional investor meetings under Regulation 30.

Navkar investor meet

• Date: 2 September 2026; Group and One-on-One sessions at Grand Hyatt, Santacruz, Mumbai.
• Event: Ashwamedh – Elara India Dialogue 2026.
• Organiser: JSW Infrastructure Limited (Navkar's ultimate holding company).
• Company participant: Company Secretary & Compliance Officer.

JSW Infra institutional meet

• Date: 2 September 2026; Venue: Grand Hyatt, Santacruz, Mumbai.
• Meeting type: Group and One-on-One.
• Event: Ashwamedh – Elara India Dialogue 2026.
• Company participant: Company Secretary & Compliance Officer.

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.

Business Overview

• Navkar operates port terminals and logistics assets with expanding container and bulk footprints.
• Interim operations at Kolkata Container Terminal.
• Kolkata capacity rises to 1.4 million TEUs via PPP.

Key Operational Highlights

• Q1 FY27 cargo 31 MT, up 6% YoY.
• Domestic cargo volumes up 40% YoY; EXIM up 2%.
• Revenue ₹1,445 Cr; EBITDA ₹674 Cr; PAT ₹358 Cr.
• Interim operations commenced at Kolkata Terminal; capacity 1.4 million TEUs.

Financial Performance

• Cash ₹9,863 Cr and gross debt ₹7,094 Cr (30 Jun 2026).
• QIP ₹7,503 Cr completed; Moody's Baa3 rating with Stable outlook.
• Group cargo up 13.7%; third-party cargo share 48%.

Capital Structure & Liquidity

• Strong liquidity; cash ₹9,863 Cr and debt ₹7,094 Cr.
• QIP proceeds strengthen equity; rating remains Baa3.

Strategic Priorities & Outlook

• Greenfield ICDs/MMLPs; leverage JSW locations for rail infra.
• GCT asset-light participation; pursue bids after Arakkonam.
• Inorganic growth via CFS/ICD acquisitions; partnerships.
• Rail and container rake expansion: 25 rakes acquired; target 110–140.
• FY30 targets: 400 MTPA capacity; topline ₹8,000 Cr.

Risks & Mitigation

• Challenging Middle East environment affecting Fujairah volumes; mitigation not disclosed.

Governance & Leadership

• No governance changes announced; financing actions include QIP and ratings.

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.