Pranik Logistics Secures Commercial Addendum for Logistics Services with Flipkart Group's InstaKart
Pranik Logistics Limited has finalized a significant commercial arrangement with InstaKart Services Private Limited, the logistics and fulfillment arm of Flipkart group. The agreement details operational charges and services to be provided by Pranik Logistics to InstaKart.The definitive execution of the Scope of Work (SOW) took place on June 3, 2026. This operationalizes a broader Master Services Agreement (MSA) that the Company had previously entered into with InstaKart on May 14, 2026. The services covered under the engagement include various logistics solutions and road transportation and delivery services.
Pranik Logistics assessed that this engagement constitutes a material event under its internal Policy for Determination of Materiality. This assessment is based on the anticipated revenue potential arising from the arrangement, along with the expected scale of operations and the tenure of the agreement communicated by InstaKart.
The business arrangement has been structured on an arm's length basis and does not fall within Related Party Transactions.
Key details regarding this commercial arrangement are summarized in the table below:
| Particular | Details |
|---|---|
| Partner Entity | InstaKart Services Private Limited (Logistics and fulfilment arm of Flipkart) |
| Nature of Agreement | Commercial arrangement for provision of logistics and transportation services |
| Service Description | Execution of a Scope of Work / Commercial Addendum pursuant to the Master Services Agreement, setting out commercial terms, pricing mechanism, operational parameters and service levels. |
| Duration of Engagement | Up to March 31, 2028 |
| Financial Impact | The Company expects the revenue potential arising from the arrangement to exceed the materiality thresholds prescribed under its Policy for Determination of Materiality. |
PRANIK Stock Price Movement
On Wednesday, Pranik Logistics Limited shares settled at ₹49.2, maintaining their previous trading level with no significant movement reported during the session. The equity reflected stable valuation, concluding the day's activity at this price point.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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