Cargosol Logistics Ltd (543621)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Cargosol Logistics' revenue was ₹64.0 Cr (+4.9% year on year, +36.2% on the previous half-year), and net profit ₹0.0 Cr (-100.0% year on year); the operating margin was 4.7%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹64.0 | +4.9% | +36.2% |
| Operating profit | ₹3.0 | -25.0% | +0.0% |
| Net profit | ₹0.0 | -100.0% | — |
| EPS (₹) | 0.21 | -82.2% | -40.0% |
| Operating margin | 4.7% | — | — |
📢 Recent Corporate Announcements
Cargosol Logistics Limited has incorporated a wholly owned subsidiary, Cargosol UK Limited, in the United Kingdom on October 12, 2026. The new entity is established under the Registrar of Companies for England and Wales to carry out logistics and allied activities. The acquisition is executed via cash subscription to ordinary shares, though initial investment amounts were not disclosed. This expansion provides the company with a direct overseas corporate presence to expand its core logistics operations.
- Incorporated wholly owned subsidiary Cargosol UK Limited on 12th October 2026
- Company holds 100% shareholding and control via subscription to ordinary shares
- Approval granted by Registrar of Companies for England and Wales
- Target entity belongs to the logistics industry with no prior 3-year turnover history
Cargosol Logistics Limited announced the appointment of Mrs. Charmi Monil Shah as an Additional Non-Executive Independent Director, effective September 29, 2026. Her appointment is for a term of 5 years, subject to shareholder approval. Mrs. Shah brings 12 years of professional experience in operational audit and surveillance. The appointment complies with corporate governance and board independence mandates.
- Appointed Mrs. Charmi Monil Shah (DIN: 11237486) as Additional Non-Executive Independent Director
- Term of appointment is 5 years, effective September 29, 2026
- Candidate possesses 12 years of experience in audit and surveillance operations
- Appointment is subject to the approval of company shareholders
Cargosol Logistics Limited, along with Samuel Muliyil and Managing Director Roshan Rohira, received an acquittal order dated August 07, 2026, from the Lok Adalat convened by the Metropolitan Legal Services Authority, Hyderabad. The matter involved alleged violations under Sections 406 and 420 of the Indian Penal Code. The company confirmed there is no material impact on its operations or financial performance arising from the settlement order.
- Acquittal order issued by Lok Adalat convened by Metropolitan Legal Services Authority, Hyderabad
- Matter pertained to alleged violations under Sections 406 and 420 of the Indian Penal Code
- Order dated August 07, 2026; disclosed on August 27, 2026
- Management states no material impact on the company's financial or operational activities
Cargosol Logistics has re-appointed Mr. Nitesh Wankhade as the Internal Auditor for the financial year 2026-27. The board approved this during a 30-minute meeting held on August 11, 2026. Mr. Wankhade is a Chartered Accountant with over 7 years of experience in auditing, risk assessment, and taxation. This is a standard regulatory filing with no direct impact on the company's TTM revenue of Rs 243 Cr or its current operating margin of 4.9%.
- Re-appointment of Mr. Nitesh Wankhade as Internal Auditor for the full financial year 2026-27.
- The auditor possesses over 7 years of professional experience in internal audit and risk assessment.
- The board meeting was conducted efficiently, lasting exactly 30 minutes from 4:00 p.m. to 4:30 p.m.
Cargosol Logistics has proposed a significant increase in its financial enabling limits, including a ₹500 Cr borrowing limit and a ₹500 Cr limit for investments, loans, and guarantees. These proposals, approved in the board meeting on August 11, 2026, are subject to shareholder approval at the upcoming AGM. The proposed borrowing limit is approximately 22.7x the company's current net worth of ₹22 Cr. Additionally, the board has proposed a ₹250 Cr limit for Related Party Transactions (RPT), which is roughly equivalent to its TTM revenue of ₹243 Cr.
- Proposed increase in borrowing power limit to ₹500 Cr under Section 180(1)(c).
- Proposed increase in investment, loan, and guarantee limits to ₹500 Cr under Section 186.
- Proposed limit for Related Party Transactions (RPT) set at ₹250 Cr.
- Board meeting concluded within 30 minutes (4:00 PM to 4:30 PM) on August 11, 2026.
- Approved the appointment of an Internal Auditor and the Secretarial Audit Report for FY 2025-26.
Cargosol Logistics has scheduled a board meeting for August 11, 2026, to seek approval for significant increases in financial limits. The company proposes raising its borrowing power and investment/loan limits to ₹500 crore each, alongside a Related Party Transaction (RPT) limit of ₹250 crore. These figures are substantial given the company's TTM revenue of ₹243 crore and a modest net worth of ₹22 crore. The board will also finalize the FY26 Annual Report and AGM details.
- Proposed increase in borrowing power limit to ₹500 crore, which is over 22x the current net worth of ₹22 crore.
- Proposed increase in investment, loan, and guarantee limits to ₹500 crore under Section 186.
- Proposed increase in Related Party Transaction (RPT) limit to ₹250 crore, roughly equal to 100% of TTM revenue.
- Board meeting scheduled for August 11, 2026, to approve these proposals for shareholder voting at the upcoming AGM.
- Agenda includes the appointment of an Internal Auditor and approval of the FY25-26 Directors' Report.
Shareholders of Cargosol Logistics have approved a special resolution to raise funds through the issuance of Foreign Currency Convertible Bonds (FCCBs) at the EGM held on July 31, 2026. The resolution passed with a significant majority of 99.37%, supported by 100% of the promoter group votes. While the promoter group (73.5% holding) was fully in favor, public non-institutional participation was low at 4.01%, with 44.44% of those participating voting against the proposal. This move is significant given the company's current debt of ₹27 Cr and a high Debt-to-Equity ratio of 1.23.
- Special resolution for FCCB issuance passed with 99.37% of total votes in favor (75,63,600 votes).
- Promoter group provided 100% support with 75,03,600 votes in favor of the fundraise.
- Public non-institutional voting turnout was low at 4.01% of their total 26,96,400 shares.
- A segment of public shareholders (48,000 votes) opposed the resolution, representing 44.44% of the public votes polled.
- The EGM was conducted on July 31, 2026, with results finalized on August 1, 2026.
Cargosol Logistics has announced an Extra Ordinary General Meeting (EOGM) scheduled for July 31, 2026. To determine shareholder eligibility for this meeting, the company has fixed July 24, 2026, as the Record Date. Additionally, the share transfer books will remain closed from July 25 to July 31, 2026. This is a standard procedural filing required under SEBI Listing Regulations for conducting shareholder votes.
- Extra Ordinary General Meeting (EOGM) scheduled for July 31, 2026, at 12:00 noon
- Record Date for shareholder eligibility fixed as July 24, 2026
- Book closure period spans 7 days from July 25 to July 31, 2026
- Meeting to be conducted via Video Conferencing / Other Audio Visual Means
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