Ashapura Logistics Approves FY 2026 Financial Results and Re-appoints Statutory and Internal Auditors
Ashapura Logistics Limited recently announced the outcomes of its Board Meeting held on May 22, 2026. Key approvals included the audited financial statements for the half year and full year ended March 31, 2026, alongside the re-appointment of its Statutory, Internal, and Secretarial Auditors.The company also provided details regarding the utilization of issue proceeds for its Initial Public Offering (IPO).
Financial Performance Summary
The company reported its financial results for the fiscal year and half year ended March 31, 2026.Consolidated Financial Results
The consolidated financial results for the year ended March 31, 2026, showed significant revenue and profit figures:| Financial Metric | Year Ended 31 March 2026 (Rs in Lakhs) | Year Ended 31 March 2025 (Rs in Lakhs) |
|---|---|---|
| Total Revenue (I + II) | 31,927.84 | 23,262.49 |
| Profit before tax (IX) | 1,330.66 | 1,665.64 |
| Total Assets (End of Period) | 25,344.82 | 21,348.87 |
| Total Equity and Liabilities | 25,344.82 | 21,348.87 |
The consolidated statement of assets and liabilities shows the following trends:
| Particulars | 31 March 2026 (Rs in Lakhs) | 31 March 2025 (Rs in Lakhs) |
|---|---|---|
| Share Capital | 1,355.61 | 1,355.61 |
| Reserves and Surplus | 12,577.03 | 11,675.45 |
| Total Equity and Liabilities | 25,344.82 | 21,348.87 |
| Property, Plant and Equipment and Intangible Assets | 9,993.86 | 7,284.12 |
| Total Assets | 25,344.82 | 21,348.87 |
Consolidated Cash Flow Statement (Year Ended 31 March 2026)
The statement highlights the company's operational cash generation and financing activities:| Activity | 31 March 2026 (Rs in Lakhs) | 31 March 2025 (Rs in Lakhs) |
|---|---|---|
| Net Profit after tax | 905.77 | 1,235.87 |
| Operating Profit before working capital changes | 2,969.82 | 2,860.58 |
| Net Cash from Operating Activities | 2,285.69 | -2,102.66 |
| Net Cash from Investing Activities | -3,365.34 | -4,968.77 |
| Net Cash from Financing Activities | 1,036.37 | 6,906.86 |
| Closing Balance of Cash and Cash Equivalents | 357.97 | 401.25 |
Key Corporate Appointments
The Board of Directors also approved re-appointments for key compliance and audit roles:1. Statutory Auditor: M/s. Talati & Talati LLP, a Peer Reviewed Firm, was re-appointed as the Statutory Auditor for a term of two years, covering the Financial Years 2026-27 to 2027-28.
2. Internal Auditor: M/s. GBP & Associates was approved for re-appointment as the Internal Auditor for a term of one year for the FY 2026-27.
3. Secretarial Auditor: M/s. Keyur J. Shah & Associates was approved for re-appointment as the Secretarial Auditor for a term of two years, covering the Financial Years 2026-27 to 2027-28.
IPO Fund Utilization Status
In a separate certification issued by Talati & Talati LLP, the company provided details on the utilization of its initial public offering proceeds. The utilization details, as reported, were:| Object Disclosed in Offer Document | Amount Disclosed in the Offer Document (Rs in Lakhs) | Utilized Amount (Rs in Lakhs) | Unutilized Amount (Rs in Lakhs) |
|---|---|---|---|
| Capital expenditure for Vehicles and Equipment | 1,502.05 | 1,502.05 | |
| Construction of Warehouse | 1,639.82 | 1,639.82 | |
| Working Capital Requirement | 600.00 | 600.00 | |
| General Corporate Purposes | 1,019.71 | 1,019.71 | |
| Public Issue Related Expenses | 504.50 | 504.50 |
The certification confirms that the actual utilization of the issue proceeds has been accurately presented and reported according to the requirements of the National Stock Exchange.
ASHALOG Stock Price Movement
On Friday, shares of Ashapura Logistics Limited edged higher to close at ₹63.35, marking a solid gain of 1.28% for the session. The stock saw a respectable total traded volume of 1,000 shares throughout the day's trading.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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