Paradeep Parivahan Ltd

Executive Director appointment

• AGM on 26 Aug 2026 approved regularisation of Abdul Basith Shaikh as Executive Director.
• Previously appointed as Additional Director from 13 Apr 2026; regularisation approved at AGM.
• Remuneration fixed at Rs 27.04 lakh per annum; office to retire by rotation.
• Shaikh is related to MD & CEO Khalid Khan; relationship: husband of Khan's daughter.

AGM details and results

• AGM held Aug 26, 2026 at 12:30 IST in person at Mayfair Bay Resort, Paradeep, Odisha.
• AGM mode: physical meeting with remote e-voting.
• Record date: 19-08-2026; total shareholders on record: 775.
• Shareholders present in meeting: promoters 3, public 3.
• Shareholders attended via video: promoters 0, public 0.
• Seven resolutions were put to vote; all approved.
• One member cast a ballot at the AGM; 2,400 shares represented.
• Results filed and available on the company website.

Financial snapshot

• Standalone revenue from operations: ₹38,630.58 Lakhs.
• Standalone net profit after tax: ₹3,079.21 Lakhs.
• Standalone EBITDA: ₹5,398.88 Lakhs.
• Consolidated revenue from operations: ₹41,891.96 Lakhs.
• Consolidated net profit after tax: ₹3,357.07 Lakhs.
• Consolidated EPS: ₹21.09.
• Dividend: No dividend declared for FY2025-26.

Growth & operational highlights

• Largest trans-state electric vehicle fleet deployed for heavy bulk transport.
• Eight-year EV logistics program with UltraTech Cement.
• Acquired four wholly-owned subsidiaries: M.R.T.C (India) Pvt. Ltd.; Pharmachem Traders Pvt. Ltd.; Ask Logistiek Solutio Pvt. Ltd.; Nirkon Industries Pvt. Ltd.
• LEAPS Award 2025 recognition for sustainability and multimodal logistics.
• Investing in digital platforms, ERP, and fleet monitoring for efficiency.

Capital structure & liquidity

• Authorised share capital ₹1,800.0 Lakhs; issued ₹1,591.80 Lakhs.
• Convertible Warrants: 10.40 Lakhs at ₹156.46; 25% upfront received.
• Long-term borrowings ₹2,076.78 Lakhs; short-term borrowings ₹4,898.04 Lakhs.
• Consolidated cash and bank balances ₹3,071.28 Lakhs.

Governance & leadership

• Board of seven, Abdul Basith Shaikh appointed as Executive Director from 13-Apr-2026.
• Bushra Khan redesignated as Non-Executive, Non-Independent; Afaque Khan ceased 10-Apr-2025.
• Independent Directors: Chandra Kanta Prusty, Prithvi Ranjan Parhi, Ardhendu Shekhar Raut.
• MD & CEO Khalid Khan; CFO Suryasnata Rath; Company Secretary Usha Rani Ray appointed in 2026.

Subsidiaries & acquisitions

• Four new wholly-owned subsidiaries acquired in FY2025-26.
• Subsidiaries: M.R.T.C (India) Pvt. Ltd.; Pharmachem Traders Pvt. Ltd.; Ask Logistiek Solutio Pvt. Ltd.; Nirkon Industries Pvt. Ltd.
• Consolidated figures include these subsidiaries from August 20, 2025.

CSR & ESG

• CSR expenditure ₹55.0 Lakhs; Khan Foundation supported weaker sections.
• CSR outlay aligned with 2% of average net profit; shortfall ₹24.12 Lakhs.

Risks & outlook

• Outlook shaped by National Logistics Policy, PM Gati Shakti, and EV adoption.
• Risks include regulatory changes, commodity cycles, port congestion, cyber threats.

Demat/remat status

• Regulation 74(5) not applicable; entire holding in demat form.
• No dematerialisation/rematerialisation requests received during the quarter ended 30 June 2026.

Business significance

• Management described the deployment as one of Northern India's largest electric heavy-duty truck rollouts.
• EIM said its model reduces upfront vehicle cost by about 40% per vehicle.

Appointment of Additional Director

• Mr. Abdul Basith Shaikh appointed Additional Director effective April 13, 2026
• Appointment recommended by Nomination and Remuneration Committee
• Mr. Shaikh to serve until upcoming Annual General Meeting
• Appointment to be regularised as Whole-time Director subject to shareholder approval

Profile of Abdul Basith Shaikh

• Holds B.Tech from NIT Karnataka and MBA from Narsee Monjee Institute, Mumbai
• Over 10 years experience with JSW Group, Welspun Group, Tata Steel
• Previously Vice President of the Company contributing to strategic objectives
• Known for technical acumen and strategic vision in business challenges

Relationship Disclosure

• Mr. Abdul Basith Shaikh is related to Managing Director Khalid Khan
• Relationship: Daughter’s husband of Khalid Khan
• Disclosure made as per Companies Act and SEBI regulations