SYNOPSIS: This logistics services provider’s arm received GIFT IFSC registration and SEZ approval to operate a ship leasing finance business, subject to regulatory conditions, strengthening its presence in financial services within the IFSC framework.
During Monday’s trading session, shares of a logistics services provider dealing in domestic transportation of goods surged more than 6 percent on BSE, after the company’s wholly owned subsidiary secured GIFT IFSC finance company registration.
With a market cap of Rs. 91 crores, shares of Chartered Logistics Limited are currently trading in the green at Rs. 7.14 on BSE, up by around 4 percent, as against its previous closing price of Rs. 6.86. The stock has delivered negative returns of over 20 percent in one year, but has gained by about 26 percent in the last one month.
What’s the News:
According to the latest disclosures on the BSE, the wholly owned Subsidiary of Chartered Logistics Limited, Chartered Comcare IFSC Limited, has received a Certificate of Registration to commence business as a Finance Company at Gujarat International Finance Tec-city (GIFT), IFSC, Gujarat.
In addition, the subsidiary has also been granted a Letter of Approval (Form G) by GIFT SEZ Limited for setting up a unit within the SEZ. The approval enables the company to undertake authorised operations, i.e. operating a ship leasing entity under the framework for ship leasing under the IFSCA Finance Company Regulations 2021.
The approval is subject to specific terms and conditions, including compliance with provisions of the Special Economic Zones Act, 2005. The company is required to export goods or services for a minimum period of five years from the date of commencement of production/service activities and execute a Bond-cum-Legal Undertaking in accordance with SEZ Rules, 2006, along with adherence to other regulatory requirements.
Financials & More:
Chartered Logistics reported a decline in revenue from operations, experiencing a year-on-year decrease of more than 14 percent, from Rs. 20.24 crores in Q3 FY25 to Rs. 17.38 crores in Q3 FY26. Meanwhile, the company reported a net loss of Rs. 1.05 crores from a profit of Rs. 0.74 crores over the same period.
Chartered Logistics Limited is engaged in logistics services dealing with the domestic transportation of goods, and its operations are spread through various branches. It operates a fleet of approximately 300 owned and attached vehicles, and its clientele spans sectors such as pharmaceuticals, FMCG, cement, power transmission, chemicals, and heavy engineering.
The company has adopted GPS-enabled tracking systems and real-time delivery updates to ensure transparency and security in cargo movement. Moreover, it is actively exploring green logistics through route optimisation and environmentally conscious vehicle upgrades.
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