Sunsky Logistics Ltd

Sunsky Logistics Ltd closes trading window from Thursday, October 01, 2026 until 48 hours after the declaration and publication of unaudited financial results for the half year ended September 30, 2026.

AGM Details

• Date/time: 22 September 2026, 11:00 A.M.
• Mode: VC/OAVM
• Concluded: 11:20 A.M.
• Quorum: 7 attendees, 70.74% equity

Ordinary resolutions

• Adopt audited financial statements and related reports for the latest year.
• Reappointment of Akash Shah on rotation.
• Reappointment of Ankit M. Shah & Co. as Statutory Auditors.

Special resolution

• Secretarial Auditor reappointed for a five-year term.

Voting & Scrutinizer

• Voting conducted via remote e-voting and venue e-voting.
• Scrutinizer's report to be submitted within 48 hours; results to be disclosed on company/stock exchange sites.

Auditors & Directors

• Statutory Auditor: Reappointed Ankit M. Shah & Co.
• Secretarial Auditor: Parth P. Shah & Associates reappointed.

Fraud incident and financial impact

• Fraudulent change to service provider’s bank details led to payment of USD 488,000.
• Incident occurred on 2 September 2026.
• Internal investigation; FIR filed; formal complaint with regulators and law enforcement.
• Company re-evaluating controls; pursuing recovery with bankers; travel planned to USA to meet provider.

AGM details and resolutions

• Notice published for the sixth AGM; book-closure window and e-voting details provided.
• Ordinary business: adoption of financial statements and directors’ report.
• Ordinary business: dividend proposal to be considered.
• Ordinary business: re-appointment of directors and remuneration approvals.
• Ordinary business: appointment of statutory auditors; tenure/remuneration if disclosed.
• Special business: material related party transactions approval; counterparty and nature disclosed.
• Special business: ESOP/stock option scheme approvals.
• Special business: borrowings/other significant approvals; amendments to charter documents.
• Other material approvals: additional matters listed in the notice.

Financial highlights

• Revenue from operations: Rs 2,527.67 Lakh; up from Rs 2,204.37 Lakh.
• Total revenue: Rs 2,600.81 Lakh.
• PBT: Rs 381.17 Lakh; PAT: Rs 284.97 Lakh.
• Earnings per share: Rs 2.70 (basic and diluted).
• IPO proceeds raised: Rs 1,683.60 Lakh via fresh equity.
• Fresh equity issued: 12,435,000 shares; price Rs 46.
• Listing on BSE SME: 8 October 2025.
• Share capital after IPO: Rs 2.487 crore; 12,435,000 shares.
• Reserves and surplus: Rs 2,006.48 Lakh.
• Dividend: no dividend for FY2025-26.
• Cash and cash equivalents: Rs 217.95 Lakh.
• Promoter holding: 52.93% as of 31-Mar-2026.

IPO and equity capital

• IPO proceeds raised: Rs 1,683.60 Lakh; 36.60 lakh shares at Rs 46.
• IPO listing on SME: 8 Oct 2025.
• Share capital after IPO: Rs 2.487 crore; 12,435,000 shares.

Capital structure and liquidity

• Long-term borrowings: Rs 961.99 Lakh; current borrowings: Rs 463.96 Lakh.
• Total debt: Rs 1,425.95 Lakh as at 31-Mar-2026.
• Cash and bank balances: Rs 217.95 Lakh.
• DSCR: 7.06x; Current ratio: 2.32x; Debt-Equity: 0.63x.
• Unutilized IPO proceeds: Rs 0.33 Lakh.

Dividends and reserves

• Dividend: not declared for FY2025-26.
• Reserves and surplus ended at Rs 559.83 Lakh; total equity and reserves Rs 2,006.48 Lakh.
• Securities premium: closing Rs 1,446.64 Lakh.

Governance and board

• Board met 15 times in FY2025-26.
• Audit Committee formed Oct 9, 2024; met 5 times.
• Secretarial Auditor proposed: Parth P Shah & Associates for 2026-31.
• Company Secretary appointed: Aashka Patel on May 24, 2025.
• Independent directors confirmed independence; no changes in board composition.

Related party transactions

• MD loan from Akash Shah: Rs 98.91 Lakh; outstanding Rs 4.71 Lakh.
• Remuneration: MD Rs 29.55 Lakh; CFO Rs 6.33 Lakh.
• Related party balances: unsecured loan to MD held at Rs 4.71 Lakh.

Contingent liabilities and risk

• GST dispute: Rs 9.45 Lakh; Rs 0.57 paid under protest; Rs 8.88 not provided.
• Contingent liability total: Rs 9.46 Lakh.
• No material going concern issues; no IBC proceedings.

Outlook and risk management

• Outlook positive; focus on relationships, efficiency, and technology adoption.
• Risk management policy in place; ongoing risk monitoring and mitigation.

AGM Details

• Date and time: 22 September 2026, 11:00 IST; mode: VC/OAVM.
• Record date for voting: 11 September 2026.
• Remote e-voting window: 19–21 September 2026.

Key Resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026.
• Reappointment by rotation of Akash Shah as Director.
• Appoint Ankit M. Shah & Co. as Statutory Auditor for five years; remuneration to be agreed.
• Reappoint Parth P Shah & Associates as Secretarial Auditor for five years; remuneration to be approved.

Director Changes

• Rotation-based reappointment of Akash Ashokbhai Shah (Managing Director) as Director.

Auditor Appointments

• Statutory Auditor: Ankit M. Shah & Co. appointed for five years; remuneration to be agreed.
• Secretarial Auditor: Parth P Shah & Associates appointed for five years; remuneration to be approved.

Related Party / Other Material Approvals

• Material related party transactions: none disclosed.

AGM details

• AGM date is September 22, 2026.
• Book closure from September 16 to September 22, 2026 (inclusive).
• E-voting cut-off date: September 11, 2026.
• E-voting window: September 19-21, 2026, 9:00 AM to 5:00 PM.

Board decisions

• Approved the Director's Report for the financial year ended 31 March 2026.
• Appointed M/s N M Parikh & Co, Chartered Accountants, as Internal Auditor.
• Reappointed M/s Parth P. Shah, Practicing Company Secretary, as Secretarial Auditor.

Change in Registered Office Address

• Previous address: Office No. 816, Z-One, Nr. Avalon Hotel, Bodakdev, Ahmedabad 380054.
• New address: Office No. 608, 6th Floor, Dream Rise, Nr. Hetarth Party Plot, Science City Road, Sola, Ahmedabad-380060.
• Effective from 20 July 2026.
• Within Ahmedabad city limits; no change in jurisdiction.
• Reason: Board approved the shift within city limits.
• Approval: Board of Directors approved.
• Impact: No impact on operations or investor correspondence disclosed.

Exchange reporting

• Details of dematerialised/rematerialised securities during the period were furnished to all stock exchanges.