Tiger Logistics (India) Ltd

Tiger Logistics (India) Limited has received a Compounding Order from the Reserve Bank of India's (RBI) Foreign Exchange Department concerning a contravention under the Foreign Exchange Management Act, 1999 (FEMA), related to non-compliance with a post-disinvestment valuation reporting requirement. The RBI has compounded the contravention upon payment of Rs 59,981, with the company stating that the financial impact is limited to this amount and there is no material impact on its operations. The order was received on August 17, 2026, following a disclosure made on February 4, 2026.

Tiger Logistics (India) Limited will hold a board meeting on August 12, 2026, to consider and approve the unaudited financial results for the quarter and year ended June 2026, as well as other agenda items, including those related to the annual general meeting. Trading window for designated persons of the company was closed from July 1, 2026, and will remain so until 48 hours after the unaudited financial results are declared to the stock exchanges.

Tiger Logistics (India) Limited will hold a meeting of its Board of Directors on August 12, 2026, at 01:00 PM at its corporate office in New Delhi, to consider business matters as outlined in the meeting agenda, with a video conferencing facility available for board members who request it.

The contract, valued at around Rs 4 crore, including handling charges, involves the movement of 13 over-dimensional cargo units, each weighing 89 metric tonnes. The company said the order further strengthens its long-standing association with BHEL and underscores the public sector engineering major's confidence in Tiger Logistics' project logistics capabilities. Tiger Logistics is currently executing several projects awarded by BHEL during the previous financial year. As part of these assignments, the company has already delivered 28 machine components in line with project specifications and timelines. Over the years, Tiger Logistics has provided a range of specialised logistics services to BHEL, including customs clearance, warehousing, transportation, full-container-load (FCL) and less-than-container-load (LCL) exports and imports, air freight, break-bulk cargo handling, and over-dimensional cargo (ODC) movements. The company said its tailored logistics solutions across multiple geographies have enabled it to support BHEL's complex supply-chain and project logistics requirements. Harpreet Singh Malhotra, Chairman &Managing Director of Tiger Logistics (India), said, 'Our continued association with large PSUs reflects the trust built over years of successfully executing complex and high-value logistics assignments. Industrial projects of this scale requirement emulous planning, specialized handling capabilities, and seamless international coordination. We are proud to remain committed to delivering efficient, reliable, world class logistics solutions that contribute to nation-building.' Tiger Logistics provides international logistics and supply chain services, including freight forwarding, customs clearance, transportation and project logistics. On a standalone basis, Tiger Logistics (India)'s net profit declined 65.53% to Rs 2.22 crore while net sales rose 41.97% to Rs 162.55 crore in Q4 March 2026 over Q4 March 2025. Bharat Heavy Electricals (BHEL) is an integrated power plant equipment manufacturer, engaged in the design, engineering, manufacturing, erection, testing, commissioning, and servicing of a diverse range of products and systems. The company caters to key sectors of the Indian economy, including power, transmission, industry, transportation, renewable energy, oil & gas, and defence. On a consolidated basis, the company posted a net profit of Rs 1,290.47 crore in Q4 FY26, up 155.82% YoY and 230.50% QoQ. Revenue from operations rose 36.87% YoY to Rs 12,310.37 crore in Q4 FY26 while growing 45.29% QoQ, driven by strong performance in both power and industry segments. Shares of Bharat Heavy Electricals rose 0.87% to Rs 409.50 on the BSE. Powered by Capital Market - Live

The rating agency has revised the outlook on the company to Negative from Stable, citing profitability pressures and working capital challenges amid global trade disruptions and volatility in the logistics sector. According to the company, container volumes handled during FY26 rose 34.5% year-on-year to 92,614 TEUs from 68,858 TEUs in FY25. Total operating income increased 6.8% to Rs 573 crore during the year. The company said the rating reaffirmation reflects its market position, diversified service portfolio, asset-light business model and management experience. Infomerics also noted the company's presence across ocean and air freight forwarding, customs clearance, project logistics, warehousing and supply chain solutions. Tiger Logistics stated that global logistics markets remained volatile during FY26 due to geopolitical tensions, supply chain rerouting and competitive pricing pressures. Despite these factors, the company reported higher cargo volumes and maintained moderate leverage and liquidity levels. The company said it has undertaken measures aimed at improving profitability and working capital efficiency. Tiger Logistics expects future growth to be supported by rising demand from sectors such as renewable energy, automotive, electronics and pharmaceuticals, along with expansion into new international markets and a stronger focus on integrated logistics solutions. Tiger Logistics provides international logistics and supply chain services, including freight forwarding, customs clearance, transportation and project logistics. On a standalone basis, Tiger Logistics (India)'s net profit declined 65.53% to Rs 2.22 crore while net sales rose 41.97% to Rs 162.55 crore in Q4 March 2026 over Q4 March 2025. Shares of Tiger Logistics (India) fell 1.72% to settle at Rs 35.99 on 27 May 2026. Powered by Capital Market - Live

Net profit of Tiger Logistics (India) declined 65.53% to Rs 2.22 crore in the quarter ended March 2026 as against Rs 6.44 crore during the previous quarter ended March 2025. Sales rose 41.97% to Rs 162.55 crore in the quarter ended March 2026 as against Rs 114.50 crore during the previous quarter ended March 2025. For the full year,net profit declined 20.33% to Rs 21.52 crore in the year ended March 2026 as against Rs 27.01 crore during the previous year ended March 2025. Sales rose 6.81% to Rs 572.82 crore in the year ended March 2026 as against Rs 536.31 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales162.55114.50 42 572.82536.31 7 OPM %1.036.28 -4.595.76 - PBDT3.268.69 -62 30.0936.94 -19 PBT3.008.47 -65 29.1336.09 -19 NP2.226.44 -66 21.5227.01 -20 Powered by Capital Market - Live

Tiger Logistics (India) will hold a meeting of the Board of Directors of the Company on 27 May 2026.

Net profit of Tiger Logistics (India) declined 29.45% to Rs 5.94 crore in the quarter ended December 2025 as against Rs 8.42 crore during the previous quarter ended December 2024. Sales declined 13.37% to Rs 139.02 crore in the quarter ended December 2025 as against Rs 160.47 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales139.02160.47 -13 OPM %5.456.09 - PBDT8.0611.48 -30 PBT7.8211.27 -31 NP5.948.42 -29 Powered by Capital Market - Live

Tiger Logistics (India) will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live

Net profit of Tiger Logistics (India) rose 14.32% to Rs 8.62 crore in the quarter ended September 2025 as against Rs 7.54 crore during the previous quarter ended September 2024. Sales rose 5.34% to Rs 168.73 crore in the quarter ended September 2025 as against Rs 160.17 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales168.73160.17 5 OPM %6.605.49 - PBDT12.2110.37 18 PBT11.9810.16 18 NP8.627.54 14 Powered by Capital Market - Live