Neptune Logitek Ltd

Key Decisions

• Approved Director's Report with annexures for FY 2025-26 for adoption at ensuing AGM.
• Appointed Mr. Dixit Dipakkumar Shah as Scrutinizer for the ensuing AGM.
• Fixed cut-off date for electronic voting entitlements at the 14th AGM: 11 September 2026.
• Approved the Notice for the 14th AGM.

CIN change and listing status

• CIN updated from U63090GJ2012PLC069268 to L63090GJ2012PLC069268 in MCA Master Data.
• Listing status recorded as Yes; listing occurred on 22 December 2025.
• Company will update CIN across records and with BSE.

Acquisition of proposed Neptune Maritime Private Limited

• Board approved acquisition of 100,000 equity shares representing 100% paid-up capital.
• Proposed company to be incorporated; name to be approved by ROC.
• Cash consideration from bank; price Rs 10 per share at face value.
• Proposed entity authorized capital Rs 10,00,000; paid-up capital Rs 10,00,000.
• Acquisition is a related party transaction; subsidiary to be wholly owned by Neptune Logitek with promoter group control.
• Business of the subsidiary: freight forwarding services across sea, rail and road.
• Date of board meeting: 16 July 2026.
• Regulatory approvals for acquisition: Not Applicable.

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during the period.
• No certificates were mutilated or cancelled due to absence of dematerialisation.
• No substitution of the depository's name in the register of members as registered owner.

Penalty for non-submission of audited results

• BSE fined Neptune Logitek ₹29,500 (including GST) for non-submission of HY and FY2026 audited results.
• The fine was imposed due to non-compliance with Regulation 33 of the SEBI Listing Regulations.
• The company paid the fine on 30 June 2026.
• Annexure I outlines the penal action under SEBI Master Circular.
• Impact limited to the penalty; no other financial or operational impact reported.

Financial Performance 📊

• Standalone revenue from operations was ₹12,545.47 lakhs in H1 FY26, down 7.5% QoQ.
• Total revenue for H1 FY26 was ₹12,612.74 lakhs, down 8.2% QoQ.
• Profit before tax rose 63.7% QoQ to ₹699.71 lakhs in H1 FY26.
• Profit after tax increased 33% QoQ to ₹453.46 lakhs in H1 FY26.
• Basic and diluted EPS for H1 FY26 stood at ₹4.53 versus ₹3.41 in prior half year.
• Total expenses decreased to ₹11,913.04 lakhs in H1 FY26 from ₹13,320.73 lakhs QoQ.

Balance Sheet & Cash Flow 🏢🧱

• Total equity and liabilities increased to ₹12,356.36 lakhs as of Sep 30, 2025.
• Shareholders’ funds rose to ₹2,448.52 lakhs from ₹1,995.05 lakhs.
• Long-term borrowings decreased to ₹1,716.20 lakhs from ₹2,980.29 lakhs.
• Current liabilities increased to ₹7,880.96 lakhs from ₹6,589.73 lakhs.
• Net cash from operating activities was ₹828.43 lakhs for H1 FY26, down YoY.
• Net cash used in financing activities was ₹732.74 lakhs, driven by ₹1,264.09 lakhs long-term borrowing repayments.

Expenses & Working Capital 🧾📦

• Finance cost reduced to ₹263.15 lakhs from ₹296.30 lakhs QoQ.
• Employee benefit expenses increased to ₹316.03 lakhs from ₹254.69 lakhs QoQ.
• Project and other expenses decreased to ₹11,113.89 lakhs from ₹12,546.40 lakhs QoQ.
• Trade receivables increased to ₹7,025.65 lakhs from ₹6,522.14 lakhs.
• Cash and cash equivalents increased to ₹33.51 lakhs from ₹28.72 lakhs.
• Net cash used in investing activities was ₹90.90 lakhs, mainly for fixed asset purchases of ₹109.06 lakhs.

Audit & Accounting 🗒️✅

• Statutory auditors issued a limited review report with no material misstatements for H1 FY26.
• Financials prepared under Indian GAAP; EPS calculated on weighted average shares, half-year EPS not annualized.
• Previous period figures regrouped for comparability.

Business Model

• Neptune Logitek Limited operates in logistics and supply chain services, reporting standalone results for H1 FY26.