Neptune Logitek Ltd (544663)

CRISIL Ratings Limited has assigned a 'CRISIL BB/Stable' credit rating to Neptune Logitek Limited's bank loan facilities totaling Rs 70 Crore. The rated facility amount of Rs 70 Crore compares to the company's current total debt of Rs 53 Crore and net worth of Rs 68 Crore (representing ~103% of net worth). The company stated that while disclosure of credit ratings is not strictly mandated since it has not issued debt securities, the information is disclosed under Regulation 30. A 'BB' rating reflects non-investment grade credit standing, indicating moderate risk of default.

• CRISIL assigned 'CRISIL BB/Stable' rating for long-term bank facilities
• Total bank loan facilities rated stand at Rs 70 Crore
• Rated amount exceeds current net debt/borrowings, standing at ~103% of net worth (Rs 68 Cr)
• Company confirmed it has not issued any listed debt securities

Neptune Logitek Limited has announced the resignation of Independent Director Mukesh Bafna (DIN: 06446686), effective September 25, 2026. The director stepped down from the Board and associated committees citing pre-occupation elsewhere and an inability to devote time. The filing confirms there are no other material reasons for the departure, and Bafna holds directorship in zero other listed entities. Neptune Logitek reported TTM revenue of Rs 491 Cr and TTM PAT of Rs 13 Cr.

• Independent Director Mukesh Bafna resigned effective September 25, 2026
• Stepped down from the Board and various committee memberships
• Confirmed zero directorships or committee memberships held in other listed entities
• Stated reason: pre-occupation elsewhere, with no other material reasons confirmed

Neptune Logitek announced that shareholders at its 14th AGM on September 21, 2026, approved an amendment to its Memorandum of Association (MOA) via special resolution. The company has expanded its Main Objects clause to include developing, licensing, and operating software, SaaS, ERP systems, and cloud-based platforms for logistics and supply chain sectors. The resolution was previously approved by the Board on August 20, 2026. This allows the logistics service provider (TTM revenue of Rs 491 Cr) to formally enter tech-enabled logistics and software solutions.

• Shareholders approved the addition to Clause III (A) of MOA at the 14th AGM held on September 21, 2026
• Board had previously cleared the amendment at its meeting held on August 20, 2026
• Added business activities include software, SaaS, cloud platforms, and ERP systems for logistics and supply chain

Neptune Logitek announced that shareholders at its 14th AGM on September 21, 2026, approved an amendment to its Memorandum of Association (MOA) via special resolution. The company has expanded its Main Objects clause to include developing, licensing, and operating software, SaaS, ERP systems, and cloud-based platforms for logistics and supply chain sectors. The resolution was previously approved by the Board on August 20, 2026. This allows the logistics service provider (TTM revenue of Rs 491 Cr) to formally enter tech-enabled logistics and software solutions.

• Shareholders approved the addition to Clause III (A) of MOA at the 14th AGM held on September 21, 2026
• Board had previously cleared the amendment at its meeting held on August 20, 2026
• Added business activities include software, SaaS, cloud platforms, and ERP systems for logistics and supply chain

Neptune Logitek has submitted an intimation under Regulation 36 of SEBI LODR regarding the dispatch of Annual Report 2025-26 web-links to shareholders whose emails are unregistered. The company's 14th Annual General Meeting (AGM) is scheduled to be held on September 21, 2026, at 03:30 PM IST in Gandhidham, Gujarat. The cut-off date for e-voting entitlement is fixed as September 11, 2026, with remote e-voting open from September 17 to September 20, 2026.

• 14th Annual General Meeting scheduled for Monday, September 21, 2026, at 03:30 PM IST
• Cut-off date for e-voting eligibility fixed as September 11, 2026
• Remote e-voting window runs from September 17, 2026 (09:00 AM) to September 20, 2026 (05:00 PM)
• Communication dispatched under Regulation 36(1)(b) to shareholders without registered email addresses

Neptune Logitek Limited has submitted its 14th Annual Report for FY 2025–26 pursuant to Regulation 34 of SEBI LODR. For FY26, revenue from operations stood at ₹233.71 Cr compared to ₹257.25 Cr in FY25, while Net Profit was ₹6.29 Cr compared to ₹6.67 Cr in the prior year. Basic EPS stood at ₹4.59, influenced by equity dilution following its IPO as share count rose from 1.00 Cr to 1.37 Cr shares. Balance sheet leverage improved substantially, with the Debt-to-Equity ratio declining to 0.78 from 2.91 in FY25.

• Revenue from operations reported at ₹23,371.10 Lakhs (₹233.71 Cr) for FY26 vs ₹25,725.39 Lakhs in FY25
• Net Profit recorded at ₹628.84 Lakhs (₹6.29 Cr) vs ₹667.05 Lakhs in FY25
• Debt-to-Equity ratio dropped significantly to 0.78 from 2.91 following IPO proceeds and debt reduction
• Return on Equity (RoE) moderated to 14.34% vs 40.15% due to an expanded equity base
• Total equity shares outstanding increased from 1,00,00,000 to 1,37,00,000 during the year

Neptune Logitek Limited has issued the notice for its 14th Annual General Meeting (AGM) to be held on September 21, 2026. Key special business items include the appointment of Mr. Rushabh Anilkumar Shah as an Independent Director for a 5-year term (up to April 5, 2031) and amending the Memorandum of Association (MoA) object clause to include software, SaaS, and ERP solutions for the logistics industry. The cut-off date for e-voting eligibility is September 11, 2026, with remote e-voting open from September 17 to September 20, 2026.

• 14th AGM scheduled for Monday, September 21, 2026, at 03:30 PM IST in Gandhidham, Gujarat
• Remote e-voting window active from September 17, 2026 (9:00 AM) to September 20, 2026 (5:00 PM)
• Voting cut-off date fixed as September 11, 2026
• Special resolution proposed to expand MoA object clause into software, SaaS, and ERP solutions for logistics
• Proposed regularisation of Mr. Rushabh Anilkumar Shah as Independent Director for a 5-year tenure ending April 5, 2031

Neptune Logitek Limited held a Board meeting on August 20, 2026, to conduct routine annual corporate governance procedures. The Board approved the Director's Report with annexures for FY 2025-26 and finalized the notice convening the 14th Annual General Meeting (AGM). The cut-off date to determine shareholder eligibility for e-voting at the 14th AGM has been fixed for September 11, 2026. Additionally, Mr. Dixit Dipakkumar Shah was appointed as the scrutinizer for the AGM voting process.

• Approved Director's Report along with annexures for FY 2025-26
• Fixed cut-off date for AGM e-voting entitlement as September 11, 2026
• Approved notice convening the 14th Annual General Meeting
• Appointed Mr. Dixit Dipakkumar Shah as Scrutinizer for the 14th AGM
• Board meeting concluded in 35 minutes (4:00 PM to 4:35 PM on August 20, 2026)

Neptune Logitek has officially updated its Corporate Identification Number (CIN) from U63090GJ2012PLC069268 to L63090GJ2012PLC069268. This change follows the company's listing on the Bombay Stock Exchange (BSE) on December 22, 2025. The Ministry of Corporate Affairs (MCA) has updated its records to reflect the company's status as 'Listed'. This is a standard procedural update required for all companies transitioning from unlisted to public listed status.

• CIN changed from 'U63090GJ2012PLC069268' to 'L63090GJ2012PLC069268'
• Listing on BSE occurred on 22nd December, 2025
• MCA Master Data now reflects listing status as 'Yes'
• Company to update the new CIN in all applicable records in due course

Neptune Logitek Ltd has announced the board's approval to acquire a 100% stake in a newly proposed entity, Neptune Maritime Private Limited. The company will acquire 1,00,000 equity shares at a face value of ₹10 each, totaling an investment of ₹10,00,000. This new subsidiary is intended to provide freight forwarding services across sea, rail, and road. As a wholly-owned subsidiary, the transaction is classified as a related party transaction conducted at arm's length.

• Acquisition of 1,00,000 equity shares representing 100% of the paid-up capital of the proposed entity.
• Total cash consideration for the acquisition is ₹10,00,000 at a face value of ₹10 per share.
• The target entity, Neptune Maritime Private Limited, is currently in the process of being incorporated.
• The new subsidiary will focus on the logistics industry, specifically freight forwarding via sea, rail, and road.

Neptune Logitek's board has approved the acquisition of a 100% stake in a proposed new entity, Neptune Maritime Private Limited. The company will invest Rs. 10,00,000 to acquire 1,00,000 equity shares at a face value of Rs. 10 each. This new wholly-owned subsidiary will focus on providing freight forwarding services across sea, rail, and road. The investment is being made in cash and aligns with the company's broader strategy to expand its logistics business footprint.

• Acquisition of 1,00,000 equity shares representing 100.00% of the paid-up capital of the proposed entity.
• Total cash consideration for the acquisition is Rs. 10,00,000 at a face value of Rs. 10 per share.
• The new entity, Neptune Maritime Private Limited, is yet to be incorporated with the Registrar of Companies.
• The subsidiary will operate in the logistics industry, specifically offering multi-modal freight forwarding services.
• Board meeting for approval commenced at 04:00 PM and concluded at 05:00 PM on July 16, 2026.