Paradeep Parivahan Ltd (544383)

Paradeep Parivahan Limited announced that shareholders approved the regularization of Mr. Abdul Basith Shaikh as an Executive Director at the 26th AGM held on August 26, 2026. Mr. Shaikh was initially appointed as an Additional Director on April 13, 2026, and his tenure is liable to retire by rotation. His annual remuneration is fixed at ₹27,04,000 (₹27.04 Lakhs). The disclosure notes that Mr. Shaikh is a related party, being the son-in-law of Managing Director & CEO Mr. Khalid Khan.

• Shareholder approval granted for Mr. Abdul Basith Shaikh as Executive Director effective August 26, 2026
• Annual remuneration set at ₹27,04,000 (₹27.04 Lakhs) per annum
• Initially inducted as Additional Director on April 13, 2026 pursuant to Section 161(1)
• Related party disclosure: Mr. Shaikh is the son-in-law of MD & CEO Mr. Khalid Khan

Paradeep Parivahan Ltd has announced the closure of its Register of Members and Share Transfer Books from August 20, 2026, to August 26, 2026. This is a procedural requirement for the company's 26th Annual General Meeting (AGM) scheduled for August 26, 2026. The meeting will be held at Mayfair Bay Resort, Paradeep, at 12:30 PM. No dividend or other corporate actions were specified in this particular filing.

• Book closure period set from August 20, 2026, to August 26, 2026 (both days inclusive).
• 26th Annual General Meeting (AGM) scheduled for August 26, 2026, at 12:30 PM.
• The company reported a TTM revenue of ₹722 Cr and a TTM PAT of ₹54 Cr.
• Promoter holding remains stable at 65.96% as of March 2026.

Paradeep Parivahan Limited (PPL) has released its FY26 Annual Report, showing a consolidated revenue of ₹422 Cr, a ~25% increase year-on-year. The company reported a Profit After Tax (PAT) of ₹34 Cr with an 8% margin and a Basic EPS of ₹21. A key strategic highlight is the expansion into 'Green Mobility' with a fleet of 44 electric vehicles for heavy-duty transportation. The 26th Annual General Meeting is scheduled for August 26, 2026.

• Consolidated Revenue for FY26 reached ₹422 Cr, representing a ~25% YoY growth
• Profit After Tax (PAT) stood at ₹34 Cr with a PAT margin of approximately 8%
• Total fleet size expanded to 223 units, including 44 electric vehicles and 37 tippers/trailers
• Consolidated Net Worth reported at ₹160 Cr against total assets of ₹275 Cr
• Subsidiary results were consolidated from the effective acquisition date of August 20, 2025

Paradeep Parivahan has issued a notice for its 26th Annual General Meeting (AGM) scheduled for August 26, 2026. The company is seeking shareholder approval to increase its borrowing limit to Rs 300 crore, which is approximately 1.85x its current net worth of Rs 162 crore. Other key resolutions include the revision of Managing Director Khalid Khan's remuneration to Rs 12.50 lakh per month and the regularization of Mr. Abdul Basith Shaikh as an Executive Director. The company also seeks approval for providing loans or guarantees under Section 185 of the Companies Act.

• Proposed borrowing limit of Rs 300 crore from banks and financial institutions, significantly higher than current debt of Rs 66 crore.
• Revision in remuneration for MD Khalid Khan to Rs 12.50 lakh per month (Rs 1.5 crore per annum).
• Proposed annual remuneration of Rs 27.04 lakh for newly appointed Executive Director Abdul Basith Shaikh.
• Aggregate remuneration cap for other directors (excluding MD) set at Rs 69.04 lakh for FY27.
• AGM to be held on August 26, 2026, at Paradeep, Odisha, to adopt FY26 financial statements.