Snowman Logistics Ltd

Snowman Logistics Ltd – Closure of Trading Window from October 01, 2026 until forty-eight hours of the declaration of Unaudited Financial Results of the Company for the quarter ended September 30, 2026

AGM Details

• AGM held: 25 Sep 2026 at 12:00 IST via VC/OAVM.
• Record date: 18 Sep 2026.
• Total shareholders on record: 98,363.
• Meeting duration: 12:00–12:28.
• Participants via VC/OAVM: 39.

Resolutions

• Res 1 Ordinary: Adopt financial statements; passed.
• Res 2 Ordinary: Re-appoint Padamdeep Singh Handa; passed.
• Res 3 Ordinary: Interim dividend of Re 0.50 per share; passed.
• Res 4 Special: Remuneration revision for WTD/CEO; passed.

Dividend

• Interim dividend approved: Re 0.50 per share.

Director changes

• Director re-appointment: Padamdeep Singh Handa (retiring by rotation).
• Remuneration revision approved for 2026-27.

Voting results

• Res 1 passed with 99.99% in favour.
• Res 2 passed with 99.99% in favour.
• Res 3 passed with 99.99% in favour.
• Res 4 passed with 99.98% in favour.

AGM Details

• AGM held on 25 September 2026 at 12:00 IST via VC/OAVM.
• Record date 18 September 2026; total on-record shareholders 98,363.
• Meeting attended via video: 1 promoter and 38 public; total attendees 39.
• Duration about 28 minutes.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adoption of financial statements; passed with 99.99% in favour.
• Resolution 2 (Ordinary): Re-appointment of director; passed with 99.99% in favour.
• Resolution 3 (Ordinary): Interim dividend of Re 0.50 per share approved; 99.99% in favour.
• Resolution 4 (Special): Remuneration revision for WTD/CEO for 2026-27; 99.98% in favour.

Dividend

• Interim dividend of Re 0.50 per equity share for FY 2025-26 approved.

Directors

• Director re-appointment: Padamdeep Singh Handa re-appointed as director.

AGM Details

• Date/time/mode: 25 September 2026, 12:00 IST, via VC/OAVM
• Duration: commenced 12:00 PM, concluded 12:28 PM
• Remote e-voting window: 22–24 Sep 2026; cut-off date: 18 Sep 2026
• Quorum present; meeting conducted as planned

Key Resolutions

• Ordinary: adopt financial statements for year ended 31 Mar 2026
• Ordinary: re-appointment of Padamdeep Singh Handa by rotation
• Ordinary: interim dividend of Re 0.50 per share for FY2025-26
• Special: remuneration revision for Whole-time Director and CEO for 2026-27

Voting Results

• Outcomes not disclosed; Scrutinizer's report to be submitted separately

Directors & Auditors

• Directors: re-appointment of Padamdeep Singh Handa on rotation (eligible)
• Auditors: no appointment changes disclosed

Typographical correction in prior intimation

• Correction to intimation: actual dispatch date of annual report web-link letters was 03 September 2026, not 02 September.
• No change in substance or purpose of the shareholder communication.

AGM notice and annual report access

• 33rd AGM scheduled for 25 September 2026 at 12:00 IST via VC/OVAM.
• Web-link to Annual Report accessible via Investor Relations portal for non-registered email holders.
• Cut-off date: September 18, 2026 for identifying non-registered email addresses.
• Encourages updating email address to continue receiving notices.

AGM and AR access

• 33rd AGM scheduled for 25 September 2026 at 12:00 IST via VC/OVAM.
• AR 2025-26 access provided to non-registered email holders via a weblink.
• AR linked URL and path shared; AR available on Google Drive.
• Cut-off date for email address update: 18 September 2026.
• Letters dispatched to shareholders without registered emails.
• Queries: investorrelations@snowman.in or 011 4055 4500.
• Website hosts AGM/AR details; Green Initiative encouraged.

Financial performance

• Revenue from contracts with customers: Rs 60,438.11 lakhs.
• Total income: Rs 60,802.60 lakhs; up 9.38% YoY.
• EBITDA: Rs 9,452.90 lakhs.
• PAT: Rs 330.27 lakhs.
• EPS basic: Rs 0.20.
• Interim dividend paid: Rs 0.50 per share.

Operational highlights

• 45 warehouses across 21 cities; 1,54,319 pallets capacity.
• Warehouse utilization averaged 86% in FY26.
• Commissioned four facilities: Kolkata, Krishnapatnam, Kundli, Jaipur (~17,000 pallets).
• Expansion via asset-light BTS facilities in Pune, Patna, Hyderabad.
• Trading & distribution grew 22.5% in FY26.
• Pan-India cold chain platform supports integrated services.

Capital structure & liquidity

• Total debt and lease liabilities ~ Rs 31,236 lakhs.
• Net debt ~ Rs 29,991.37 lakhs; cash Rs 1,244.95 lakhs.
• Equity capital Rs 16,708.80 lakhs; total equity Rs 40,210.53 lakhs.
• Interim dividend paid; no final dividend for FY25-26.
• Undrawn facilities: Rs 4,358.71 lakhs.

Expansion & strategy

• Launched 5PL services; integrated logistics platform.
• Plan to add 22,000 pallets in Pune, Patna, Hyderabad.
• Capex on energy conservation: Rs 110.70 lakhs.
• Asset-light BTS expansion supports faster scaling.

Governance & risk management

• Board size eight; four independent; new independents appointed Apr 2026.
• Statutory auditors: S.R. Batliboi & Co. LLP; Secretarial: Nagendra D Rao & Associates.
• Internal controls deemed adequate; no material weaknesses observed.
• Risk management committee in place with formal policy.

Dividend & shareholder returns

• Interim dividend Rs 0.50 per share; no final dividend declared.
• Dividend distribution policy available on Snowman website.

Audit & internal controls

• Statutory auditors issued an unqualified report.
• Secretarial audit: no qualifications; Annexure-E & G attached.
• CEO & CFO certified annual financial statements and internal controls.

agm-details

• 33rd AGM scheduled for Sep 25, 2026 at 12:00 IST via VC/OAVM.
• Cut-off date for e-voting entitlement: Sep 18, 2026.
• Remote e-voting window: Sep 22–24, 2026.
• Notice and annual report available on the company website.

key-resolutions

• Ordinary: adoption of financial statements and related reports.
• Ordinary: director to retire by rotation and be considered for re-appointment.
• Ordinary: interim dividend of Rs 0.50 per share to be confirmed.
• Special: remuneration revision for the CEO (FY 2026-27).

voting-results

• Voting results for all resolutions not disclosed in the filing.

dividend

• Interim dividend of Rs 0.50 per equity share; total amount Rs 835.44 lakh.

director-changes

• Director retiring by rotation proposed for re-appointment.
• New independent directors appointed post-year; approvals by postal ballot.
• Some independent directors ceased and others were appointed as part of post-year changes.

auditors

• Statutory auditors re-appointed for a fixed term ending in 2027.
• Secretarial auditors appointed; Internal auditors appointed.

related-party-transactions

• Material related-party transactions with the holding company include land advance, PPE purchase, transport, rent, and dividends.

other-material-approvals

• Remuneration revision for the CEO proposed as a special resolution and subject to shareholder approval.

Financials and Tax

• PAT declined about 15% on book; cash tax up by INR 1–2 crore.
• 5PL contribution rose about 6% YoY in distribution.
• Net debt-zero position reached earlier after paying special dividend.
• Contingent liabilities around INR 6,000 crores; majority bonds to government authorities.
• Total land bank about 475 acres; mix of freehold and leases.
• Garhi land 85–90 acres; valued around INR 25–30 crore per acre.
• Kerala land in JV; Snowman 60% stake.

Operational Trends

• JNPT rail share about 5%; expected to rise with Ankleshwar and Indore.
• Double-stack share around 39%, down from 40–42% last year.
• Ankleshwar EXIM to start by end-September; volume currently zero.
• Indore ICD to be operational by 2028; land expanded to ~26.4 acres.
• Indore construction ongoing; tenders awarded; pace slowed by rains.
• CFS business not tied to DFC; no sale planned.
• War in West Asia disrupted volumes; recovery depends on resolution.

Capex and Projects

• Pune adds ~24,000 pallets this year; Patna expansion planned next year.
• Ankleshwar ramp-up: start by end-September; ramp to similar volumes in 3–4 years.
• Indore land ~26.4 acres after adding 2.5 acres; construction ongoing.
• Indore tenders awarded; full ramp after September.
• Pallet capacity addition: ~24,000 more this year; similar in following years.

Outlook and Guidance

• Double-digit growth expected once war-related disruption clears.
• Medium-term topline growth guideline: 10–15%.
• Growth across all segments; domestic expansion plus new ICDs.
• DFC connectivity could shift volumes to JNPT; wait-and-watch.
• Pricing and labor costs: warehousing pricing up 5–7%; renewals to adjust.

Q&A Highlights

• JNPT volumes currently ~5%; expect increase as Ankleshwar/Indore operationalize.
• Rail EBITDA pressured by volume mix; imports down, exports up.
• Double-stack share around 39%; last year 40–42%.
• Ankleshwar EXIM starts end-September; ramp to similar volumes in 3–4 years.
• Land bank ~475 acres; Garhi 85–90 acres valued at INR 25–30 crore/acre.
• CFS sale not planned; not forced by DFC.