Om Freight Forwarders Ltd

Om Freight Forwarders Limited — Closure of Trading Window from Thursday, October 01, 2026 for approval of Unaudited Financial Results (Standalone & Consolidated) for the quarter & half year ended September 30, 2026; trading window shall be opened 48 (Forty-eight) hours after the said results are declared and disseminated to the Stock Exchanges.

Governance / Compliance

• Shareholders at AGM Sept 24, 2026 reappointed Sanjiv P. Joshi and Kamesh R. Joshi as Directors.
• M/s. Nitin R Joshi appointed Secretarial Auditors for five years from April 01, 2026.

AGM Details

• AGM held on 24 Sep 2026 at 11:00 IST via VC/OAVM.
• Remote e-voting window: 21–23 Sep 2026.

Key Resolutions

• Adoption of Audited Standalone and Consolidated Financial Statements for the year ended 31.03.2026.
• Re-appointment of Sanjiv Prabhashankar Joshi as Director, liable to retire by rotation.
• Re-appointment of Kamesh Rahul Joshi as Director, liable to retire by rotation.
• Appointment of Nitin R. Joshi, Practising Company Secretary, as Secretarial Auditor, with remuneration to be fixed.

Voting Results

• Resolution 1: Passed with large majority in favour; minimal against.
• Resolution 2: Passed with majority in favour; minimal against.
• Resolution 3: Passed with majority in favour; minimal against.
• Resolution 4: Passed with majority in favour; minimal against.

Director Changes

• Re-appointment of Sanjiv Prabhashankar Joshi as Director.
• Re-appointment of Kamesh Rahul Joshi as Director.

Auditor Appointments

• Secretarial Auditor appointed: M/s Nitin R. Joshi; remuneration to be fixed.

AGM details

• 31st AGM held on 24 September 2026 at 11:00 IST via VC/OAVM.

Resolutions

• Adoption of audited standalone and consolidated financial statements for the year ended 31 March 2026.
• Reappointment of Sanjiv Prabhashankar Joshi as director, retiring by rotation.
• Reappointment of Kamesh Rahul Joshi as director, retiring by rotation.
• Appointment of Nitin R. Joshi as Secretarial Auditor and remuneration to be fixed.

Voting status

• Results of voting are pending; Scrutinizer’s Report to be announced.

Director changes

• Two directors retire by rotation and seek reappointment.

Auditors

• Secretarial Auditor appointment of M/S Nitin R Joshi; remuneration to be fixed.

Related party transactions

• No material related party transactions disclosed.

Clarification on Signing of Financial Results

• The quarter ended June 30, 2026 financial results were signed by an authorised director.
• Board resolution certifies the authority to sign and authenticate the results.
• Unaudited standalone and consolidated results will be submitted to stock exchanges per Regulation 33.

AGM notice and access to annual report

• 31st AGM on Sep 24, 2026 at 11:00 AM IST via VC/OAVM.
• Annual Report FY2025-26 and Notice available online on company site and exchanges.
• Remote e-Voting: Sep 21–23, 2026; cutoff Sep 11, 2026; NSDL platform.
• Shareholders with unregistered email advised to update via DP or RTA.
• Access to annual report and voting links via company, BSE/NSE and NSDL.

AGM Details

• AGM on 24 Sep 2026 at 11:00 IST via VC/OAVM.
• Cut-off voting eligibility: 11 Sep 2026.
• Remote e-voting window: 21-23 Sep 2026.

Key Resolutions

• Adoption of standalone and consolidated financial statements for FY 2025-26.
• Re-appointment of Sanjiv Prabhashankar Joshi as Executive Director (retirement by rotation).
• Re-appointment of Kamesh Rahul Joshi as Executive Director (retirement by rotation).
• Appointment of Nitin R Joshi as Secretarial Auditor for five years; remuneration to be fixed by the Board.

Other material approvals

• Scrutinizer for e-voting: Mr. Nitin R Joshi.

Financial performance

• Revenue from operations ₹476.92 Cr in FY2025-26; ₹490.14 Cr prior year.
• EBITDA ₹33.44 Cr; EBITDA margin 7.01%.
• PAT ₹15.38 Cr; PAT margin 3.22%.
• Basic EPS ₹4.70; no dividend declared.

Business and operations

• Single operating segment: EXIM logistics, CHA, freight booking, vessel agency, warehousing.
• Freight Booking ₹242.22 Cr; CHA ₹114.20 Cr; Stevedoring ₹31.18 Cr.
• India revenue ₹476.92 Cr; no revenue from outside India.
• IPO-funded capex; new warehouse to strengthen 4PL and 3PL.

Capital structure and liquidity

• Total borrowings ₹50.50 Cr; long-term ₹7.53 Cr; current ₹42.44 Cr.
• Net debt position ₹-7.50 Cr; debt-to-equity ratio 0.24x.
• Operating cash flow ₹-7.08 Cr; financing ₹36.28 Cr; net increase in cash ₹17.96 Cr.
• IPO net proceeds unutilised ₹2.28 Cr; funds allocated to capex.

IPO and funds management

• IPO raised ₹122.31 Cr; fresh issue ₹24.44 Cr; OFS ₹97.88 Cr.
• Net IPO proceeds ₹22.16 Cr; utilised ₹14.87 Cr for capex; remaining ₹2.28 Cr unutilised.

Governance and risk

• Board of 10 directors; 5 Executive, 5 Independent; one Woman Independent.
• Board meetings held: 8 in FY2025-26.
• Independent Directors declared independence; governance policies disclosed on website.

Audit, controls and compliance

• Statutory auditors Viren Gandhi & Co; unmodified opinion.
• Secretarial audit by Nitin R Joshi; no adverse remarks.
• Internal Audit by Gala & Associates; ICFR adequate and effective.

Related party transactions and CSR

• Related party transactions in the year were arm's length and ordinary course.
• Audit Committee ratified 3 related party transactions.
• CSR: ₹51.01 Lakh spent; ₹50.26 Lakh obligation; excess ₹0.75 Lakh carried forward.

Associates and corporate structure

• Associates: Oscar Freight Private Ltd (35.21%), Arha Warehousing & Translift Pvt Ltd (26%).
• Not consolidated; Annexure I provides share of net assets and P&L.

Outlook and risks

• Industry outlook positive due to National Logistics Policy and PM GatiShakti.
• Risks include geopolitics, freight-rate volatility, regulatory changes, currency, port congestion.