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TREJHARA SOLUTIONS LIMITED (TREJHARA)

₹125.83 +0.74% last close, 16 Oct

📊 NSE: TREJHARA 🏢 Computers - Software - Medium / Small 📢 Latest filing: 14 Oct 2026 📝 Analysis written: 14 Dec 2025

Q2 FY27 results

📅 Next results: 06 Nov 2026 (board meeting)

TREJHARA SOLUTIONS LIMITED's board meets on 6 Nov 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, TREJHARA SOLUTIONS's revenue was ₹67.6 Cr, and net profit ₹4.8 Cr; the operating margin was 9.8%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹67.6	—	+61.5%
Operating profit	₹6.7	+215.6%	+372.3%
Net profit	₹4.8	—	+48.8%
EPS (₹)	2.00	+334.8%	+56.2%
Operating margin	9.8%	—	—

Full quarterly financials → Results calendar →

TREJHARA delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 58.04% of the TREJHARA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 69.95%. That is lower than usual for this stock. Turnover was only ₹7 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.

58.04%Delivery, 16 Oct

69.95%Own 20-session average

0.3×Volume vs its average

₹125.83NSE close · +0.74%

Delivery in the last 5 sessions: 64.0% · 75.3% · 64.4% · 81.1% · 58.0%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Trejhara Solutions Submits Q2 FY27 Dematerialisation Compliance Certificate

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 14 Oct 2026, 02:48 PM

Trejhara Solutions Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by Bigshare Services Private Limited on October 9, 2026. It confirms that securities received for dematerialisation were processed and confirmed or rejected within 15 days of receipt. This is a standard quarterly administrative filing with no operational or financial impact.

Compliance certificate submitted under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Covers the quarter ended September 30, 2026
Issued by RTA Bigshare Services Private Limited (SEBI Reg: INR000001385) dated October 09, 2026
Confirms dematerialisation requests processed and records updated within 15 days

💡 No action needed; this is a routine regulatory filing. Investors should instead track upcoming Q2 FY27 financial results.

Trejhara Solutions Shareholders Approve All 4 AGM Resolutions with Over 99.9% Majority

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 22 Sep 2026, 12:46 PM

Trejhara Solutions Limited has submitted the Scrutinizer's Report and voting results for its 9th Annual General Meeting held on September 21, 2026. All four resolutions were passed with over 99.9% majority votes cast. Key resolutions included the adoption of FY26 audited accounts, the re-appointment of director Snehal Pandit, the reappointment of Independent Director Tushar Ranpara for a second 4-year term, and approval for material related-party transactions (where promoters abstained).

Resolution 1 (FY26 Accounts adoption) passed with 99.9826% votes in favour (11,962,763 shares)
Resolution 3 approving re-appointment of Independent Director Tushar Ranpara for 4 years passed with 99.9826% approval
Resolution 4 approving Material Related Party Transactions passed with 99.9700% approval (6,923,238 shares) with promoter group abstaining (0 votes cast)
Overall voter participation stood at 49.6122% of total outstanding shares for general resolutions

💡 Track upcoming Q2 FY27 earnings to gauge financial performance following the recent LP Logistics amalgamation and market expansion into Saudi Arabia.

Trejhara Solutions Schedules 9th AGM for Sept 21, 2026; Issues FY26 Annual Report Links

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 28 Aug 2026, 08:00 PM

Trejhara Solutions Limited has issued a statutory intimation regarding the convening of its 9th Annual General Meeting (AGM) on Monday, September 21, 2026, via Video Conference. The company has sent communications containing direct web-links to the FY2025-26 Annual Report and AGM Notice to shareholders whose email IDs are unregistered. The cut-off date to determine e-voting eligibility is September 14, 2026, with remote e-voting running from September 17 to September 20, 2026.

9th Annual General Meeting scheduled for September 21, 2026 at 11:00 AM IST via VC/OAVM
E-voting cut-off date established as Monday, September 14, 2026
Remote e-voting window set from September 17, 2026 (9:00 AM IST) to September 20, 2026 (5:00 PM IST)
Communication dispatched under Regulation 36(1)(b) for shareholders with unregistered emails as of August 21, 2026

💡 Shareholders may review the FY2025-26 Annual Report via company links and track the remote e-voting schedule ending September 20, 2026.

Trejhara Solutions Convenes 09th AGM on September 21, 2026; E-Voting from Sept 17-20

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Aug 2026, 07:41 PM

Trejhara Solutions Limited has dispatched the notice convening its 09th Annual General Meeting (AGM) scheduled for Monday, September 21, 2026, at 11:00 AM IST via video conferencing, along with the Annual Report for FY26. The remote e-voting window opens on September 17, 2026, and closes on September 20, 2026, with the voting cut-off date set for September 14, 2026. The accompanying Annual Report provides strategic updates on its logistics management software, multimodal forwarding operations, and the acquisition of a trade fairs and exhibitions business.

09th Annual General Meeting to be held virtually on September 21, 2026, at 11:00 AM IST
Remote e-voting begins September 17, 2026 (09:00 AM) and ends September 20, 2026 (05:00 PM)
Cut-off date for e-voting eligibility set for Monday, September 14, 2026
Annual Report details acquired exhibitions footprint covering 287+ key exhibitions and 4,000+ exhibitors across 20+ states

💡 Eligible shareholders as of the September 14, 2026 cut-off date should review the Annual Report and exercise voting rights through the NSDL e-voting portal between September 17 and September 20, 2026.

Trejhara Solutions Shareholders Approve ESPS 2026 Scheme via Postal Ballot (>99.9% Assent)

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 18 Aug 2026, 02:37 PM

Trejhara Solutions Limited has released the voting results and scrutinizer report for its Postal Ballot concluded on August 16, 2026. Shareholders approved all three special resolutions related to the 'Trejhara Solutions Limited - Employee Stock Purchase Scheme 2026' (TSL ESPS 2026) with over 99.99% affirmative votes. The approvals include scheme implementation through a Trust, extension to subsidiary employees, and provision of company funds to the Trust to purchase company shares. Total voting turnout stood at 47.67% with 1.15 crore votes cast across 9,832 total shareholders as of the record date.

All 3 special resolutions for TSL ESPS 2026 approved with over 99.99% votes in favour.
Total votes polled stood at 11,497,429 out of 24,116,754 total shares (47.67% turnout).
Resolution 3 enables the company to provide funds to the ESPS Trust to purchase its own equity shares for scheme rollout.
Shareholder record date was July 10, 2026, with a total base of 9,832 shareholders.

💡 Track subsequent company disclosures regarding the size of the ESPS pool and the quantum of funds allocated to the Trust for market/secondary share purchases.

Trejhara Q1 FY27 PAT at ₹0.26 Cr, Revenue Declines 10% YoY to ₹26.85 Cr

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 04 Aug 2026, 06:50 PM

Trejhara Solutions reported a weak start to FY27 with consolidated revenue declining 10% YoY to ₹26.85 Cr. While Net Profit (PAT) grew 24% YoY to ₹0.26 Cr, it represents a sharp sequential collapse from the ₹9.31 Cr reported in Q4 FY26, which was heavily aided by a ₹5.50 Cr tax credit. Operating margins remain under severe pressure as total expenses of ₹27.04 Cr slightly exceeded core revenue for the quarter. The company is currently navigating integration costs from the LP Logistics merger and implementing a new Employee Stock Purchase Scheme (ESPS 2026).

Consolidated Revenue for Q1 FY27 stood at ₹26.85 Cr, down 10% from ₹29.82 Cr in Q1 FY26.
Net Profit (PAT) fell sharply to ₹0.26 Cr from ₹9.31 Cr in the preceding quarter (Q4 FY26).
Total Expenses reached ₹27.04 Cr, resulting in a marginal operating loss before other income of ₹0.52 Cr.
Earnings Per Share (EPS) for the quarter was ₹0.11, compared to ₹3.90 in the previous quarter and ₹0.08 YoY.
Other income contributed ₹0.52 Cr to the bottom line, effectively preventing a pre-tax loss.

💡 Investors should monitor the execution of the Saudi Arabian expansion and whether the LP Logistics integration can drive revenue back above the ₹30 Cr per quarter threshold. Watch for the impact of the new ESPS 2026 on employee benefit expenses in upcoming quarters.

Trejhara Solutions Proposes Employee Stock Purchase Scheme 2026 via Postal Ballot

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 17 Jul 2026, 04:12 PM

Trejhara Solutions Limited has issued a postal ballot notice to seek shareholder approval for the 'Trejhara Solutions Limited - Employee Stock Purchase Scheme 2026' (TSL ESPS 2026). The scheme is intended to be implemented through an irrevocable Employee Welfare Trust, which will be funded by the company to acquire shares. The voting period for this special resolution is set from July 18, 2026, to August 16, 2026, with results to be declared by August 18, 2026. This initiative follows the company's strategic transformation after the LP Logistics merger and aims to align employee interests with long-term growth.

Voting period for the special resolution commences on July 18, 2026, and ends on August 16, 2026.
The cut-off date for determining shareholder eligibility to vote was July 10, 2026.
The scheme will be administered through an irrevocable Trust to be established by the Board/NRC.
Results of the postal ballot will be announced on or before August 18, 2026.
Promoters and Independent Directors are excluded from receiving shares under the proposed scheme.

💡 Investors should monitor the voting results on August 18, 2026, and subsequent disclosures regarding the size of the share pool to assess potential equity dilution.

Trejhara Solutions Submits Regulation 74(5) Compliance Certificate for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 13 Jul 2026, 11:43 AM

Trejhara Solutions Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026. The certificate, issued by Bigshare Services Private Limited, confirms that share certificates received for dematerialization were processed and the register of members updated within the mandated 15-day timeframe. This is a routine administrative filing required by SEBI to ensure the integrity of the dematerialization process. There are no financial or operational updates contained in this document.

Compliance certificate issued for the quarter ended June 30, 2026
Confirmation that dematerialization requests were processed within 15 days of receipt
Registrar Bigshare Services Private Limited holds SEBI Registration No: INR000001385
Securities comprised in the certificates have been listed on the stock exchanges where earlier securities were listed

💡 This is a routine regulatory filing. Investors should monitor the company's upcoming quarterly financial results for material performance updates.

Trejhara Promoters Declare No New Share Encumbrances for FY 2025-26

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Jun 2026, 07:59 PM

The promoter group of Trejhara Solutions Limited has submitted its annual declaration under SEBI (SAST) Regulation 31(4) for the financial year 2025-26. The filing confirms that no new encumbrances or pledges were created on promoter-held shares during the year, beyond what was already disclosed. This routine compliance follows a period where promoter holding significantly increased from 23.06% in September 2025 to 33.88% by March 2026, indicating a strengthening of the promoter's position in the company.

Annual declaration confirms no new share pledges were created during FY 2025-26.
Promoter holding stands at 33.88% as of March 2026, up from 23.06% in September 2025.
The company maintains a low Debt-to-Equity ratio of 0.07 based on a net worth of Rs 308 Cr.
TTM Revenue for the period is reported at Rs 106 Cr with a PAT of Rs 9 Cr.

💡 Investors should treat this as a routine regulatory filing; the more significant data point to watch is the sustainability of the recent 10.82% increase in promoter stake and the integration of the LP Logistics merger.

Trejhara Solutions Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Jun 2026, 04:30 PM

Trejhara Solutions Limited has notified the exchanges that its trading window will be closed starting July 1, 2026, for all designated persons and their relatives. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of un-audited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are declared. This is a standard administrative procedure and does not indicate any fundamental change in business operations.

Trading window closure effective from July 1, 2026
Closure pertains to the un-audited financial results for the quarter ended June 30, 2026
Restriction applies to Promoters, Directors, KMPs, and designated employees
Window to reopen 48 hours after the results are officially declared

💡 Investors should monitor the company's upcoming board meeting announcement to identify the specific date for the Q1 FY2026-27 earnings release.

Trejhara Solutions Reports Cyber Security Incident with Nil Material Impact

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 18 Jun 2026, 10:00 PM

Trejhara Solutions Limited reported a suspected cyber security incident on June 18, 2026, involving the compromise of a single employee's email account. The company promptly secured the account and initiated containment measures, confirming that core systems and business operations were not affected. No data exfiltration was identified during the investigation, and the incident has been reported to CERT-In. The management has officially stated that the overall impact on the organization is nil.

Suspected cyber security incident occurred on June 18, 2026, involving one employee email account.
Company confirmed no impact on core systems or business operations.
No data exfiltration has been identified following the security breach.
The incident has been reported to the Indian Computer Emergency Response Team (CERT-In).
Management assessment concludes the overall impact on the organization is nil.

💡 No immediate action is required as the company has confirmed zero material impact on operations or data. Investors should continue to monitor for any further updates regarding IT security protocols.

Trejhara Solutions Approves FY26 Audited Results and 10 Lakh Share Employee Stock Purchase Scheme

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 21 May 2026, 04:35 PM

Trejhara Solutions Limited has approved its audited financial results for the fiscal year ended March 31, 2026, receiving an unmodified opinion from statutory auditors. The Board also greenlit the 'Employees Stock Purchase Scheme, 2026,' which involves issuing up to 10,00,000 equity shares to employees. This scheme will be implemented via a trust route through a fresh issue of shares, which will result in equity dilution. The pricing for these shares will be determined by the Nomination and Remuneration Committee, capped at the market price and floored at the face value of Rs. 10.

Approved audited standalone and consolidated financial results for FY26 with an unmodified audit opinion.
Launched 'Employees Stock Purchase Scheme, 2026' (ESPS) covering up to 10,00,000 equity shares.
The ESPS will be implemented through a trust route involving a fresh issue of equity shares.
Pricing for the ESPS will be between the face value of Rs. 10 and the prevailing market price.
The scheme is subject to final approval from shareholders and relevant stock exchanges.

💡 Investors should monitor the detailed financial performance for FY26 and account for the potential equity dilution resulting from the 10 lakh share issuance under the new ESPS.

Trejhara Solutions Approves FY26 Audited Results and 10 Lakh Share ESPS Scheme

🔵 WATCH ⭐ 6/10

BOARD_MEETING 📅 21 May 2026, 04:22 PM

Trejhara Solutions Limited has approved its audited financial results for the fiscal year ended March 31, 2026, with the statutory auditors issuing an unmodified opinion. In a significant move for employee retention, the Board also approved the 'Employees Stock Purchase Scheme 2026' (ESPS), which involves the issuance of up to 10,00,000 fresh equity shares. The scheme will be implemented through a trust route and is subject to shareholder and regulatory approvals. Pricing for the shares will be determined by the Nomination and Remuneration Committee, ranging from face value to the prevailing market price.

Approved audited standalone and consolidated financial results for the year ended March 31, 2026.
Statutory auditors M/s. Chokshi & Chokshi LLP issued an audit report with an unmodified opinion.
Proposed a new ESPS scheme covering a maximum of 10,00,000 fully paid-up equity shares of Rs. 10 each.
The ESPS will be implemented via fresh issuance of shares through a trust route, leading to equity dilution.
Pricing formula for ESPS set between the face value of Rs. 10 and the market price on the offer date.

💡 Investors should examine the detailed financial statements on the company website to evaluate year-on-year performance. Monitor the upcoming shareholder vote regarding the ESPS to understand the exact dilution impact on existing holdings.

Trejhara Solutions Files SEBI Compliance Certificate for Quarter Ended March 31, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Apr 2026, 03:40 PM

Trejhara Solutions Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the quarter and year ended March 31, 2026. The certificate, issued by Bigshare Services Private Limited, confirms that all securities received for dematerialization were processed and confirmed to depositories. It verifies that security certificates were mutilated and cancelled after due verification, with the depositories' names substituted in the register of members. This process was completed within the mandated 15-day period, ensuring regulatory compliance.

Compliance certificate submitted for the quarter and year ended March 31, 2026.
Bigshare Services Private Limited acted as the Registrar and Share Transfer Agent (RTA).
Confirmation that dematerialization requests were processed and confirmed within 15 days of receipt.
Securities comprised in the certificates are confirmed to be listed on the relevant stock exchanges.

💡 No action is required as this is a routine regulatory filing confirming standard administrative compliance. Investors should continue to monitor the company's financial performance and upcoming earnings results.

Trejhara Solutions Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Mar 2026, 04:52 PM

Trejhara Solutions Limited has informed the exchanges that its trading window will be closed starting April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of audited financial results. The window will remain shut for all designated persons, including promoters and directors, until 48 hours after the results for the quarter and financial year ending March 31, 2026, are made public. This is a standard regulatory procedure to ensure fair market practices before price-sensitive information is released.

Trading window closure effective from Wednesday, April 01, 2026.
Applies to Promoters, Directors, KMPs, and designated employees of Trejhara Solutions.
Window to remain closed until 48 hours after the declaration of FY2026 audited financial results.
Complies with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 No action is required as this is a routine regulatory filing. Investors should await the announcement of the audited financial results for the full fiscal year.

View All TREJHARA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue grew 66.73% YoY to ₹ 11,575.39 Lakhs from ₹ 6,942.74 Lakhs. Standalone revenue (India) grew 76.45% to ₹ 10,135.55 Lakhs. Segments include Software Service and Freight Forwarding.

Geographic Revenue Split

India operations (Standalone) contributed ₹ 10,135.55 Lakhs (~87% of consolidated). Singapore subsidiary (Trejhara Pte Ltd) reported turnover of ₹ 2,373.31 Lakhs (~20% of consolidated before eliminations).

Profitability Margins

Operating profit margin fell from 18.8% to 11.9% (a 36.68% decrease) due to operating costs growing faster than revenue. Net Profit Margin dropped from 22.3% to 3.7% (an 83.60% decrease) primarily due to a high base effect from an exceptional gain of ₹ 1,233.38 Lakhs in the previous year.

EBITDA Margin

Operating profit margin is 11.9% for FY25, down from 18.8% YoY. Core profitability was impacted by a 98.4% increase in operating expenses (₹ 8,452.32 Lakhs vs ₹ 4,260.40 Lakhs).

Capital Expenditure

Not explicitly disclosed in absolute INR Cr, but the company stated it will continue to invest in future expansion initiatives and innovation to support its next phase of growth.

Credit Rating & Borrowing

Standalone borrowings stood at ₹ 1,280.06 Lakhs. Interest coverage ratio improved 153.82% to 19.96, indicating high profit availability to cover interest costs despite increased debt.

⚙️ Operational Drivers

Raw Materials

Software Service Charges and Freight Handling represent the primary operational costs, with total operating expenses accounting for 73% of revenue (₹ 8,452.32 Lakhs).

Capacity Expansion

Following the amalgamation of LP Logistics, the company is focused on consolidating its market position and pursuing sustainable growth through technological capabilities and a strengthened financial profile.

Raw Material Costs

Operating expenses grew 98.4% YoY to ₹ 8,452.32 Lakhs. Procurement strategies focus on managing freight handling and software service charges to capitalize on the logistics sector.

Logistics & Distribution

Freight Forwarding and Software Services for logistics are core revenue drivers, with consolidated revenue from these operations reaching ₹ 11,575.39 Lakhs.

📈 Strategic Growth

Growth Strategy

Growth will be achieved through the strategic transformation following the LP Logistics merger, selective acquisitions via a dedicated joint venture, and proposed fund-raising plans to support expansion in the logistics sector.

Products & Services

Software solutions for logistics management, Freight Forwarding services, and other logistics-related software services.

Brand Portfolio

Trejhara, LP Logistics (amalgamated).

Market Expansion

Expansion into Saudi Arabia via the newly formed step-down subsidiary, Trejhara Logistics Services LLC (w.e.f. November 12, 2024).

Strategic Alliances

Strategic transformation involves pursuing selective acquisitions through a dedicated joint venture to unlock operational and commercial synergies.

🌍 External Factors

Industry Trends

The logistics industry remains strong despite transient disruptions. Trejhara is positioning itself as an integrated tech-logistics provider to capitalize on digital transformation in the sector.

Competitive Moat

Moat is built on the integration of proprietary software with physical logistics services, creating high switching costs for clients who rely on their end-to-end freight management technology.

Macro Economic Sensitivity

Highly sensitive to global trade flows and the external economic environment, which directly impacts the demand for freight forwarding and logistics software.

Consumer Behavior

Shift toward digital-first logistics and integrated supply chain solutions is driving demand for Trejhara's software-enabled services.

Geopolitical Risks

Geopolitical developments and trade barriers could disrupt operational continuity and trade flows in key international markets.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to customs compliance, licensing requirements, and international trade regulatory regimes in India, Singapore, and Saudi Arabia.

Environmental Compliance

CSR expenditure was ₹ 20.00 Lakhs, exceeding the statutory requirement of ₹ 19.75 Lakhs.

Taxation Policy Impact

Effective tax rate was approximately 36% for FY25, with a total tax expense of ₹ 238.78 Lakhs on a Profit Before Tax of ₹ 662.87 Lakhs.

⚠️ Risk Analysis

Key Uncertainties

Integration risks from acquisitions (cultural alignment, technology integration) and potential adverse regulatory changes in international markets represent key business uncertainties.