Pranik Logistics Limited — Important, 24-12-2024: Capacity addition

Pranik Logistics Limited has established ten new operational hubs in Eastern India, specifically located in Bihar, West Bengal, Odisha, and Chhattisgarh. This expansion increases the company’s logistical network to a total of 22 hubs, positioning Pranik as a significant player in last-mile delivery operations in the region. The expansion involves an investment of approximately ₹50 lakh, financed through proceeds from its IPO. This strategic move aims to enhance operational capacity and drive profitability, with a positive outlook as the company's infrastructure expands to better serve its market. Investors should watch closely for potential growth stemming from this development.