GB Logistics Commerce Ltd — Board Meeting, 18-06-2026: Board Meeting

Date: June 18, 2026.

To,

BSE Limited,

Listing

Department,

Phiroze Jeejeebhoy Towers,

Dalal Street, Mumbai – 400001.

Ref: Scrip Code: 544348

Sub: Outcome of Board Meeting dated June 18, 2026.

Dear Sir,

Pursuant to provisions of Regulation 30 and Regulation 33 of the SEBI (Listing Obligation and

Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of

the Company at its Meeting held today i.e. June 18, 2026 (i.e. Thursday have discussed and

approved the following key matters:

1. Audited Financial Results for the quarter and year ended 31st March, 2026;

The Board has approved the Audited Financial Results (Standalone and Consolidated) of the

Company for the quarter and year ended 31st March, 2026, The financial results will be

submitted to the exchange and made available on the Company’s website.

2. Approval on Increase in Authorised Share Capital of the Company and Swapping of Shares /

Fund Raising.

The Board has approved Increase in Authorised Share Capital of the Company from 10cr to

25cr subject to approval in shareholders meeting.

However, the Swapping of Shares / Fund Raising will be discussed in next/upcoming board

meeting of the company

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3. Approval on Execution of Share Purchase Agreement

The Board has approved to enter into and execute the Share Purchase Agreement ("SPA")

The Meeting of the Board of Directors of the Company commenced at 06:00 P.M. and concluded at

08:30 P.M. The results will be published in the newspaper pursuant to Regulation 47(1)(b) of SEBI (LODR)

Regulations, 2015 in due course.

Kindly take the same on record and acknowledge.

Thanking You.

Yours faithfully,

For GB LOGISTICS COMMERCE LIMITED

Mr. Prashant Natwarlal Lakhani

Managing Director

DIN: 00559519

Encl.: as above

PRASHANT

NATWARLA

L LAKHANI

Digitally signed by PRASHANT

NATWARLAL LAKHANI

Date: 2026.06.18 21:22:54 +05'30'

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NKSC & Co.

Chartered Accountants

Unit no. 9, Third Floor, Pearls Omaxe Tower,

Netaji Subhash Palace, Pitampura, Delhi – 110034

www.nksc.in

info@nksc.in

011 – 4566 0694

Independent Auditor’s Report on Standalone Annual Financial Results of the Company Pursuant to the

Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of GB Logistics Commerce Limited (Formerly knowns as GB Logistics Private

Limited)

Opinion

1. We have audited the accompanying annual standalone financial results (the Statement’) of GB Logistics

Commerce Limited (‘the Company’) for the year ended 31 March 2026, attached herewith, being submitted

by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015 (as amended) (‘Listing Regulations’).

2. In our opinion and to the best of our information and according to the explanations given to us, the Statement:

(i) presents financial results in accordance with the requirements of Regulation 33 of the Listing Regulations,

and

(ii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the

applicable Indian Generally Accepted Accounting Principles. (‘IGAAP’) specified under section 133 of the

Companies Act, 2013 (‘the Act’), read with the Rule 7of the Companies (Accounts) Rules, 2014, and other

accounting principles generally accepted in India, of the net profit after tax and other financial information

of the Company for the year ended 31 March 2026.

Basis for Opinion

3. We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) of the

Act. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the

Audit of the Statement section of our report. We are independent of the Company in accordance with the

Code of Ethics issued by the Institute of Chartered Accountants of India (‘the ICAI’) together with the ethical

requirements that are relevant to our audit of the financial results under the provisions of the Act and the

rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements

and the Code of Ethics. We believe that the audit evidence obtained by us, is sufficient and appropriate to

provide a basis for our opinion.

Responsibilities of Management and Those Charged with Governance for the Statement

4. This Statement has been prepared on the basis of the standalone annual financial statements and has been

approved by the Company's Board of Directors. The Company’s Board of Directors is responsible for the

preparation and presentation of the Statement that gives a true and fair view of the net profit and other

financial information of the Company in accordance with the IGAAP specified under section 133 of the Act,

read with the Companies (Accounting Standards) Rules, 2015 and other accounting principles generally

accepted in India, and in compliance with Regulation 33 of the Listing Regulations. This responsibility also

includes maintenance of adequate accounting records in accordance with the provisions of the Act for

safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities;

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NKSC & Co.

Chartered Accountants

Unit no. 9, Third Floor, Pearls Omaxe Tower,

Netaji Subhash Palace, Pitampura, Delhi – 110034

www.nksc.in

info@nksc.in

011 – 4566 0694

selection and application of appropriate accounting policies; making judgments and estimates that are

reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls

that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant

to the preparation and presentation of the Statement that gives a true and fair view and is free from material

misstatement, whether due to fraud or error.

5. In preparing the Statement, the Board of Directors is responsible for assessing the Company’s ability to

continue as a going concern, disclosing, as applicable, matters related to going concern, and using the going

concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease

operations, or has no realistic alternative but to do so.

6. The Board of Directors is also responsible for overseeing the Company’s standalone financial reporting process.

Auditor’s Responsibilities for the Audit of the Statement

7. Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from

material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our

opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in

accordance with Standards on Auditing, specified under section 143(10) of the Act, will always detect a

material misstatement when it exists. Misstatements can arise from fraud or error and are considered material

if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of

users taken on the basis of this Statement.

8. As part of an audit in accordance with the Standards on Auditing, specified under section 143(10) of the Act,

we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error,

design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient

and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement

resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,

intentional omissions, misrepresentations, or the override of internal control;

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that

are appropriate in the circumstances. Under section 143(3) (i) of the Act, we are also responsible for

expressing our opinion on whether the Company has in place an adequate internal financial control with

reference to standalone financial statements and the operating effectiveness of such controls;

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates

and related disclosures made by the Board of Directors;

• Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting

and, based on the audit evidence obtained, whether a material uncertainty exists related to events or

conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we

conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the

related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our

conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However,

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NKSC & Co.

Chartered Accountants

Unit no. 9, Third Floor, Pearls Omaxe Tower,

Netaji Subhash Palace, Pitampura, Delhi – 110034

www.nksc.in

info@nksc.in

011 – 4566 0694

future events or conditions may cause the Company to cease to continue as a going concern; and

• Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and

whether the Statement represents the underlying transactions and events in a manner that achieves fair

presentation.

9. We communicate with those charged with governance regarding, among other matters, the planned scope and

timing of the audit and significant audit findings, including any significant deficiencies in internal control that we

identify during our audit.

10. We also provide those charged with governance with a statement that we have complied with relevant ethical

requirements regarding independence, and to communicate with them all relationships and other matters

that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter

11. The Statement includes the results for the half year ended March 31, 2026, being the balancing figure between

audited figures in respect of full standalone financial year and the published unaudited year to date figures

up to the half year of the current standalone financial year which were subject to limited review by us.

For NKSC & Co.

Chartered Accountants

ICAI Firm Registration No.: 020076N

____________________

Priyank Goyal

Partner

Membership No.: 521986

UDIN No. 26521986KJGJLU1135

Place: New Delhi

Date: 18 June 2026

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(Rs.in lacs)

As at

March 31, 2026

As at

March 31, 2025

Audited Audited

A Equity and Liabilities

1Shareholders' funds

Share capital 819.44 819.44

Reserves and surplus3,799.31 3,555.24

Total shareholders' funds4,618.75 4,374.68

2Non-current liabilities

Long-term borrowings 542.56 33.28

Deferred tax liability10.12 11.46

Long term provisions5.16 3.97

Total Non-current liabilities557.84 48.71

3Current liabilities

Short-term borrowings 2,622.17 1,046.20

Trade payables

- total outstanding dues of micro enterprises and small enterprises - -

- total outstanding dues of creditors other than micro enterprises and small enterprises 551.25 70.78

Other current liabilities 448.22 102.60

Short-term provisions 0.02 14.58

Total Current liabilities 3,621.66 1,234.16

Total Equity and Liabilities 8,798.25 5,657.55

BAssets

1Non current assets

Property, plant and equipment312.86 320.61

Intangible asset251.89 378.00

Non current investment2,072.42 277.29

Long-term loans and advances 592.63 67.24

Other non-current assets 65.51 2.00

Total Non current assets 3,295.31 1,045.14

2Current assets

Trade receivables 4,689.75 2,872.74

Cash and cash equivalents 461.11 263.23

Short-term loans and advances 343.93 1,406.53

Other current assets 8.15 69.91

Total Current assets 5,502.94 4,612.41

Total Assets8,798.25 5,657.55

STATEMENT OF STANDALONE AUDITED ASSETS AND LIABILITIES AS AT MARCH 31, 2026

CIN No:- L63030MH2019PLC334896

B-3, Saptak Plaza Shivaji Nagar, Shankar Nagar, Nagpur, Maharashtra, India, 440010

(Formerly knowns as GB Logistics Private Limited)

GB Logistics Commerce Limited

Particulars

By the order of the Board

GB Logistics Commerce Limited

Prashant Natwarlal Lakhani

Managing director

DIN No. : 00559519

PRASHANT NATWARLAL

LAKHANI

Digitally signed by PRASHANT NATWARLAL LAKHANI

Date: 2026.06.18 20:26:55 +05'30'

----------------Page (5) Break----------------

(Rs.in lacs)

Unaudited Unaudited Unaudited Audited Audited

March 31, 2026 September 30, 2025 March 31, 2025 March 31, 2026 March 31, 2025

1 Income from operations

Revenue from operations 4,354.02 2,865.35 3,864.53 7,219.37 6,485.31

Other income 24.76 93.93 18.51 118.69 20.16

Total income 4,378.78 2,959.28 3,883.04 7,338.06 6,505.47

2 Expenses

Purchases of stock-in-trade - 727.31 493.68 727.31 493.68

Changes in inventories 727.31 (727.31) - - 436.90

Cost of services 3,164.73 2,175.72 2,798.79 5,340.45 4,536.15

Employee benefit expense 165.35 92.42 99.37 257.77 172.69

Finance costs 131.01 81.89 70.47 212.90 138.39

Depreciation and amortization expense 34.62 136.38 27.51 171.00 40.86

Other expenses 191.59 110.56 139.39 302.15 203.54

Total expenses 4,414.61 2,596.97 3,629.21 7,011.58 6,022.21

3 Profit before exceptional items, extraordinary items and tax (35.83) 362.31 253.83 326.48 483.26

Exceptional item and extraordinary items - - - - -

4 Profit before tax (35.83) 362.31 253.83 326.48 483.26

5 Tax expense:

Current tax (20.31) 104.06 51.74 83.75 110.34

Deferred tax expense / (benefit) 5.79 (7.13) 12.97 (1.34) 12.37

Tax for earlier year - - - -

Total tax expense (14.52) 96.93 64.71 82.41 122.71

6 Profit after tax (21.31) 265.38 189.12 244.07 360.55

Paid up equity share capital (face value of ₹ 10 each) 819.44 819.44 819.44 819.44 819.44

7Earnings per equity share (face value of ₹ 10 each) *

- Basic & diluted earning per share (in ₹) (0.26) 3.24 2.88 2.98 5.87

* Earnings per share for the half year ended have not been annualised

By the order of the Board

GB Logistics Commerce Limited

Prashant Natwarlal Lakhani

Managing director

DIN No. : 00559519

STATEMENT OF STANDALONE AUDITED FINANCIALS RESULTS FOR THE HALF YEAR AND YEAR ENDED MARCH 31, 2026

Particulars Year endedFor the half year ended

GB Logistics Commerce Limited

(Formerly knowns as GB Logistics Private Limited)

CIN No:- L63030MH2019PLC334896

B-3, Saptak Plaza Shivaji Nagar, Shankar Nagar, Nagpur, Maharashtra, India, 440010

PRASHANT NATWARLAL

LAKHANI

Digitally signed by PRASHANT NATWARLAL

LAKHANI Date: 2026.06.18

20:27:15 +05'30'

----------------Page (6) Break----------------

March 31, 2026 March 31, 2025

Audited Audited

A. Cash flow from Operating Activities

Net Profit before tax :326.48 483.26

Adjustment for:

Depreciation & amortization on tangible and intangible assets 171.00 40.86

Finance costs 212.90 138.39

Interest income (4.52) (0.43)

Gratuity expenses 1.19 2.66

Liability not required written back (30.32)

Profit on sale of investment (77.85) (4.65)

Bad Debts/balance written off - 51.45

Operating profit before working capital changes 592.88 711.54

Movements in working capital

Inventories - 436.90

Trade receivables (1,817.01) 832.14

Other current assets 63.65 (231.60)

Short term Loans and advances 62.60 3.47

Trade payables 510.79 (1,843.68)

Other current liabilities 329.06 (64.38)

Cash flow generated from operations (258.03) (155.61)

Less: Income tax paid (net of refunds)(98.31) (180.39)

Net Cash flow (used in) Operating Activities (A) (356.34) (336.00)

B. Cash flow from Investing Activities

Purchase of property, plant & equipment and intangible asset (556.52) (670.68)

Purchase of investments (net of sale) (717.29) (78.74)

Loans and advances to related parties - (957.01)

Investment in bank deposits (63.51) 5.00

Interest income received 2.63 0.43

Net Cash used in Investing Activities (B) (1,334.69) (1,701.00)

C. Cash Flow from Financing Activities

Proceeds from issue of share capital (including security premium) - 2,506.75

Proceeds from/(repayment of) borrowings (net) 2,085.25 (83.09)

Interest paid (196.35) (138.39)

Net Cash generated from Financing Activities (C) 1,888.90 2,285.27

Net increase in cash and cash equivalent (A+B+C) 197.87 248.27

Balance at the beginning of the year 263.24 14.96

Balance at the end of the year 461.10 263.23

Components of cash and cash equivalents

- In current account of scheduled bank367.88 3.69

-Other bank balances83.21 73.60

- Cash on hand10.02 9.55

- Cheque in hand- 176.39

461.11 263.23

(Rs.in lacs)

GB Logistics Commerce Limited

(Formerly knowns as GB Logistics Private Limited)

CIN No:- L63030MH2019PLC334896

B-3, Saptak Plaza Shivaji Nagar, Shankar Nagar, Nagpur, Maharashtra, India, 440010

STANDALONE AUDITED STATEMENT OF CASH FLOW FOR THE HALF YEAR AND YEAR ENDED MARCH 31, 2026

ParticularsFor the year ended

By the order of the Board

GB Logistics Commerce Limited

Prashant Natwarlal Lakhani

Managing director

DIN No. : 00559519

PRASHANT NATWARLAL

LAKHANI

Digitally signed by PRASHANT

NATWARLAL LAKHANI Date: 2026.06.18

20:27:32 +05'30'

----------------Page (7) Break----------------

GB Logistics Commerce Limited

(Formerly knowns as GB Logistics Private Limited)

CIN No: L63030MH2019PLC334896

Registered and Corporate Office: B-3, Saptak Plaza Shivaji Nagar, Shankar Nagar, Nagpur, Maharashtra,

India, 440010

Notes to the Standalone audited Financial Results for the year ended March 31, 2026

1. The above results have been reviewed and recommended by the Audit Committee and approved by the

Board at their meetings held on June 18, 2026.

2. The Standalone financial results have been prepared in accordance with the Indian Generally Accepted

Accounting Principles (‘IGAAP’) as prescribed under section 133 of the Companies Act, 2013 (“the Act”)

read with relevant rules thereunder and in terms of regulation 33 of the SEBI (listing obligation and

disclosure requirements) Regulations, 2015 (as amended).

3. As Per MCA Notification Dated 16th Feb 2015, Companies whose shares are listed on SME Exchange as

referred to in Chapter XB of SEBI (issue of Capital and Disclosure Requirements) Regulation, 2019 are

exempted from the compulsory requirement of Adoption of IND AS. As the Company is covered under

the exempted category, it has not adopted IND-AS for preparation.

4. The Cashflow has been prepared by the company using Indirect Method as stated in AS-3 Cash Flow

Statements.

5. During the year ended March 31, 2025 pursuant to initial public offering (IPO) 24,57,600 equity shares of

Rs. 10 each were allotted to public at a premium of Rs. 92 per share. The shares were listed at BSE on

January 31, 2025, pursuant to IPO. The details of the utilization of IPO proceed till March 31, 2025 is as

under:

Rs. in Lakhs

Objects Amount Utilised till

March 31, 2026

Remarks

Working Capital Requirement 937.77 937.77

Truck Purchase 380.00 380.00

Repayment of borrowing 500.00 500.00

General Corporate Purposes 547.41 547.41

Share issue expenses 141.57 141.57

6. Information in respect of operating segments have been disclosed in the consolidated financial results of

the Group.

7. The basic and diluted earnings per share have been calculated in accordance with the Indian Generally

Accepted Accounting Principles -20 “Earnings Per Share”.

8. There are no Investors Complaints pending as on 31st March, 2026.

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9. The figures for the half year ended March 31, 2026 are the balancing figures between audited figures in

respect of full financial year and the unaudited management figures for the half year ended September

30, 2025 in these standalone financial results.

10. Figures for the previous periods have been regrouped/reclassified wherever necessary to conform to the

current period's classification.

By the order of the Board

Prashant Natwarlal Lakhani

Place: Nagpur

Date: June 18, 2026

Managing Director

PRASHANT

NATWARLA

L LAKHANI

Digitally signed by PRASHANT

NATWARLAL LAKHANI Date: 2026.06.18

20:27:51 +05'30'

----------------Page (9) Break----------------

NKSC & Co.

Chartered Accountants

Unit no. 9, Third Floor, Pearls Omaxe Tower,

Netaji Subhash Palace, Pitampura, Delhi – 110034

www.nksc.in

info@nksc.in

011 – 4566 0694

Independent Auditor’s Report on Consolidated Annual Financial Results of the Company Pursuant to

the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as

amended)

To the Board of Directors of GB Logistics Commerce Limited (Formerly knowns as GB Logistics Private

Limited)

Opinion

1. We have audited the accompanying Consolidated Annual Financial Results (“the Statement”) of GB

Logistics Commerce Limited (‘the Holding Company’) and its subsidiary (the Holding Company and

Subsidiary Company together referred to as “the Group”) for the year ended 31 March 2026, attached

herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing

Regulations”).

2. In our opinion and to the best of our information and according to the explanations given to us, the

Statement

(i) Include the annual financial result of subsidiary named Norbexi Industries Limited (formerly Knowns

as Norbexi Industries Private Limited).

(ii) presents financial results in accordance with the requirements of Regulation 33 of the Listing

Regulations, and

(iii) gives a true and fair view in conformity with the recognition and measurement principles laid down

in the applicable Indian Generally Accepted Accounting Principles. (‘IGAAP’) specified under section

133 of the Companies Act, 2013 (‘the Act’), read with the Rule 7of the Companies (Accounts) Rules,

2014, and other accounting principles generally accepted in India, of the net profit after tax and

other financial information of the Company for the year ended 31 March 2026.

Basis for Opinion

3. We conducted our audit in accordance with the Standards on Auditing specified under section 143(10)

of the Act. Our responsibilities under those standards are further described in the Auditor’s

Responsibilities for the Audit of the Statement section of our report. We are independent of the Group

in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (‘the

ICAI’) together with the ethical requirements that are relevant to our audit of the financial results under

the provisions of the Act and the rules thereunder, and we have fulfilled our other ethical

responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit

evidence obtained by us, is sufficient and appropriate to provide a basis for our opinion.

----------------Page (10) Break----------------

NKSC & Co.

Chartered Accountants

Unit no. 9, Third Floor, Pearls Omaxe Tower,

Netaji Subhash Palace, Pitampura, Delhi – 110034

www.nksc.in

info@nksc.in

011 – 4566 0694

Responsibilities of Management and Those Charged with Governance for the Statement

4. This Statement has been prepared on the basis of the Consolidated annual financial statements and

has been approved by the Holding Company's Board of Directors. The holding Company’s Board of

Directors is responsible for the preparation and presentation of the Statement that gives a true and fair

view of the consolidated net profit and other financial information of the Company in accordance with

the IGAAP specified under section 133 of the Act, read with the Companies (Accounting Standards)

Rules, 2015 and other accounting principles generally accepted in India, and in compliance with

Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate

accounting records in accordance with the provisions of the Act for safeguarding of the assets of the

Company and for preventing and detecting frauds and other irregularities; selection and application of

appropriate accounting policies; making judgments and estimates that are reasonable and prudent;

and design, implementation and maintenance of adequate internal financial controls that were

operating effectively for ensuring the accuracy and completeness of the accounting records, relevant

to the preparation and presentation of the Statement that gives a true and fair view and is free from

material misstatement, whether due to fraud or error. These financial results have been used for the

purpose of preparation of the statement by the directors of the Holding company, as aforesaid.

5. In preparing the Statement, the Board of Directors is responsible for assessing the Group’s ability to

continue as a going concern, disclosing, as applicable, matters related to going concern, and using the

going concern basis of accounting unless the Board of Directors either intends to liquidate the

Company or to cease operations, or has no realistic alternative but to do so.

6. The Board of Directors is also responsible for overseeing the Group’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Statement

7. Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from

material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our

opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted

in accordance with Standards on Auditing, specified under section 143(10) of the Act, will always detect

a material misstatement when it exists. Misstatements can arise from fraud or error and are considered

material if, individually or in the aggregate, they could reasonably be expected to influence the

economic decisions of users taken on the basis of this Statement.

8. As part of an audit in accordance with the Standards on Auditing, specified under section 143(10) of

the Act, we exercise professional judgment and maintain professional skepticism throughout the audit.

We also:

• Identify and assess the risks of material misstatement of the Statement, whether due to fraud or

error, design and perform audit procedures responsive to those risks, and obtain audit evidence

that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a

material misstatement resulting from fraud is higher than for one resulting from error, as fraud may

involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal

control;

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NKSC & Co.

Chartered Accountants

Unit no. 9, Third Floor, Pearls Omaxe Tower,

Netaji Subhash Palace, Pitampura, Delhi – 110034

www.nksc.in

info@nksc.in

011 – 4566 0694

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures

that are appropriate in the circumstances. Under section 143(3) (i) of the Act, we are also responsible

for expressing our opinion on whether the Group’s Company has in place an adequate internal financial

control with reference to financial statements and the operating effectiveness of such controls;

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting

estimates and related disclosures made by the Board of Directors;

• Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of

accounting and, based on the audit evidence obtained, whether a material uncertainty exists related

to events or conditions that may cast significant doubt on the Group’s ability to continue as a going

concern. If we conclude that a material uncertainty exists, we are required to draw attention in our

auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to

modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of

our auditor’s report. However, future events or conditions may cause the Group to cease to continue

as a going concern; and

• Evaluate the overall presentation, structure and content of the Statement, including the disclosures,

and whether the Statement represents the underlying transactions and events in a manner that

achieves fair presentation and obtain sufficient appropriate audit evidence regarding the financial

results of the entities or business activities within the Group, to express an opinion on the Statement.

9. We communicate with those charged with governance regarding, among other matters, the planned

scope and timing of the audit and significant audit findings, including any significant deficiencies in

internal control that we identify during our audit.

10. We also provide those charged with governance with a statement that we have complied with relevant

ethical requirements regarding independence, and to communicate with them all relationships and

other matters that may reasonably be thought to bear on our independence, and where applicable,

related safeguards.

----------------Page (12) Break----------------

NKSC & Co.

Chartered Accountants

Unit no. 9, Third Floor, Pearls Omaxe Tower,

Netaji Subhash Palace, Pitampura, Delhi – 110034

www.nksc.in

info@nksc.in

011 – 4566 0694

Other Matter

11. The Statement includes the results for the half year ended March 31, 2026, being the balance between

audited figures in respect of full financial year and the published unaudited year to date figures up to

the half year of the current financial year which were subject to limited review by us.

12. We did not audit the financial statements of one subsidiary, included in the consolidated audited

financial statements, whose financial statements include total assets of Rs. 5,220.22 lacs and net assets

of Rs. 2,486.94 lacs as at March 31, 2026, total revenue of Rs. 6,703.60 lacs, total net profit after tax of

Rs. 659.34 lacs and net cash inflows amounting to Rs. 459.93 lacs for the year ended on that date, as

considered in the consolidated financial statements.

Our opinion is not modified in respect of this matter with respect to our reliance on the work done by

and the report of the other auditors.

For NKSC & Co.

Chartered Accountants

ICAI Firm Registration No.: 020076N

____________________

Priyank Goyal

Partner

Membership No.: 521986

UDIN No. 26521986YGNJFV2893

Place: New Delhi

Date: 18 June 2026

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As at

March 31, 2026

As at

March 31, 2025

Audited Audited

A Equity and Liabilities

1Shareholders' funds

Share capital 819.44 819.44

Reserves and surplus5,092.40 4,204.13

Total shareholders' funds5,911.84 5,023.57

2Non-current liabilities

Long-term borrowings 542.57 46.48

Deferred tax liability (net)10.12 11.46

Other long term liabilities - -

Long term provisions5.15 3.97

Total Non-current liabilities557.84 61.91

3Current liabilities

Short-term borrowings 3,842.99 1,537.78

Trade payables

- total outstanding dues of micro enterprises and small enterprises - -

- total outstanding dues of creditors other than micro enterprises and small

enterprises

991.11 8,540.21

Other current liabilities 614.25 182.14

Short-term provisions 446.35 242.87

Total Current liabilities5,894.70 10,503.00

Total Equity and Liabilities 12,364.38 15,588.49

BAssets

1Non current assets

Property, plant and equipment324.72 337.14

Intangible asset251.88 378.00

Non current investment2,713.62 394.05

Deferred tax assets (net) 9.74 10.88

Long-term loans and advances 592.63 67.24

Other non-current assets 65.51 2.00

Total Non current assets3,958.10 1,189.31

2Current assets

Inventories - 426.92

Trade receivables 7,067.77 13,224.57

Cash and bank balances 930.60 272.79

Short-term loans and advances 399.64 402.66

Other current assets 8.27 72.23

Total Current assets8,406.28 14,399.18

Total Assets12,364.38 15,588.49

By the order of the Board

Managing director

DIN No. : 00559519

Particulars

GB Logistics Commerce Limited

(Formerly knowns as GB Logistics Private Limited)

CIN No:- L63030MH2019PLC334896

B-3, Saptak Plaza Shivaji Nagar, Shankar Nagar, Nagpur, Maharashtra, India, 440010

CONSOLIDATED STATEMENT OF AUDITED ASSETS AND LIABILITIES AS AT MARCH 31, 2026

Prashant Natwarlal Lakhani

GB Logistics Commerce Limited

PRASHANT NATWARLAL

LAKHANI

Digitally signed by PRASHANT NATWARLAL

LAKHANI Date: 2026.06.18 20:29:14

+05'30'

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(Rs.in lacs, except per share data)

Unaudited Unaudited Unaudited Audited Audited

March 31, 2026 September 30, 2025 March 31, 2025 March 31, 2026 March 31, 2025

1 Income from operations

Revenue from operations 6,264.77 6,811.86 15,498.04 13,076.63 20,581.60

Other income 402.98 94.05 18.42 497.03 20.16

Total income 6,667.75 6,905.91 15,516.46 13,573.66 20,601.76

2 Expenses

Purchases of stock-in-trade - 259.28 3,842.21 259.28 5,741.56

Changes in inventories 686.20 (259.28) (330.41) 426.92 495.92

Cost of Services 4,993.61 5,435.77 10,739.29 10,429.38 12,492.17

Employee benefit expense 188.51 125.88 103.96 314.39 185.08

Finance costs 175.64 106.94 101.55 282.58 190.03

Depreciation and amortization expense 37.03 138.93 31.36 175.96 54.78

Other expenses 334.68 142.42 182.01 477.10 256.24

Total expenses 6,415.67 5,949.94 14,669.97 12,365.61 19,415.78

3 Profit before exceptional items, extraordinary items and 252.08 955.97 846.49 1,208.05 1,185.98

Exceptional item and extraordinary items - - - - -

4 Profit/(Loss) before tax 252.08 955.97 846.49 1,208.05 1,185.98

5 Tax expense:

Current tax 41.35 263.45 206.28 304.80 293.93

Deferred tax expense / (benefit) 17.66 (17.86) 12.12 (0.20) 11.16

Tax for earlier year - - - - -

Total tax expense59.01 245.59 218.39 304.60 305.08

7 Profit after tax 193.07 710.38 628.10 903.45 880.90

Paid up equity share capital (face value of ₹ 10 each) 819.44 819.44 819.44 819.44 819.44

8Earnings per equity share (face value of ₹ 10 each) *

- Basic & diluted earning per share (in ₹) 2.36 8.67 9.92 11.03 14.33

* Earnings per share for the half year ended have not been annualised

By the order of the Board

GB Logistics Commerce Limited

Prashant Natwarlal Lakhani

Managing director

DIN No. : 00559519

STATEMENT OF CONSOLIDATED AUDITED FINANCIALS RESULTS FOR THE HALF YEAR AND YEAR ENDED MARCH 31, 2026

GB Logistics Commerce Limited

(Formerly knowns as GB Logistics Private Limited)

Particulars For the half year ended Year ended

CIN No:- L63030MH2019PLC334896

B-3, Saptak Plaza Shivaji Nagar, Shankar Nagar, Nagpur, Maharashtra, India, 440010

PRASHANT NATWARLAL

LAKHANI

Digitally signed by PRASHANT NATWARLAL LAKHANI

Date: 2026.06.18 20:29:34 +05'30'

----------------Page (15) Break----------------

March 31, 2026 March 31, 2025

Audited Audited

A. Cash flow from Operating Activities

Net Profit before tax :1,208.05 1,185.98

Adjustment for:

Depreciation & amortization on tangible and intangible assets 175.96 54.78

Finance costs 282.58 190.03

Interest income (5.45) (0.43)

Gratuity expenses 1.18 2.66

(Profit)/Loss on sale of PPE (6.00) 22.21

Profit on sale of investment (451.94) (4.65)

Liability not required written back (33.64) -

Bad Debts/balance written off - 58.46

Operating profit before working capital changes 1,170.74 1,509.05

Movements in working capital

Inventory 426.92 495.92

Trade receivables 6,156.80 (8,787.05)

Other current assets 65.92 (70.01)

Loans and advances 3.02 (250.22)

Trade payables (7,515.46) 6,195.29

Other current liabilities 407.77 7.61

Cash flow generated from operations 715.72 (899.41)

Less: Income tax paid (net of refunds)(101.31) (182.08)

Net Cash flow generated from/(used in) Operating Activities (A) 614.41 (1,081.48)

B. Cash flow from Investing Activities

(556.81) (670.68)

Purchase of investments (1,867.63) (411.61)

Investment in bank deposits (63.52) 3.00

Interest income received 3.48 0.43

Net Cash used in Investing Activities (B) (2,484.48) (1,078.86)

C. Cash Flow from Financing Activities

Proceeds from issue of share capital (including security premium) - 2,506.75

Share issue expenses (15.18) -

Proceeds from/(repayment of) borrowings (net) 2801.3 11.82

Interest paid (258.24) (190.03)

Net Cash generated from Financing Activities (C) 2,527.88 2,328.54

Net increase in cash and cash equivalent (A+B+C) 657.81 168.20

Balance at the beginning of the year 272.79 104.59

Balance at the end of the year 930.60 272.79

Components of cash and cash equivalents

- In current account of scheduled bank814.57 5.09

- Cash on hand18.72 17.71

-Other bank balances97.31 73.60

- Cheque in hand- 176.39

930.60 272.79

By the order of the Board

GB Logistics Commerce Limited

Prashant Natwarlal Lakhani

Managing director

DIN No. : 00559519

For the year endedParticulars

Purchase of property, plant & equipment and intangible asset

GB Logistics Commerce Limited

(Formerly knowns as GB Logistics Private Limited)

CIN No:- L63030MH2019PLC334896

B-3, Saptak Plaza Shivaji Nagar, Shankar Nagar, Nagpur, Maharashtra, India, 440010

CONSOLIDATED AUDITED STATEMENT OF CASH FLOW FOR THE YEAR ENDED MARCH 31, 2026

PRASHANT NATWARLAL

LAKHANI

Digitally signed by PRASHANT NATWARLAL LAKHANI

Date: 2026.06.18 20:30:08 +05'30'

----------------Page (16) Break----------------

(Rs.in lacs )

Unaudited Unaudited Unaudited AuditedAudited

March 31, 2026 September 30, 2025 March 31, 2025 March 31, 2026 March 31, 2025

Segment Revenue

- Trading 750.14 - 3,449.69 750.14 6,383.12

- Services 5,514.63 6811.86 12,048.35 12,326.49 14,198.48

6,264.77 6811.86 15,498.04 13,076.63 20,581.60

Segment operating expenses

- Trading 686.20 - 3,511.79 686.20 6,237.47

- Services 5,049.87 5,483.17 10,766.32 10,533.04 12,529.42

Total Expenses (B) 5,736.07 5,483.17 14,278.11 11,219.24 18,766.89

Operating results

- Trading 63.94 - (62.10) 63.94 145.65

- Services 464.76 1,328.69 1,282.03 1,793.45 1,669.06

Total Operating results (A-B)=C 528.70 1,328.69 1,219.92 1,857.39 1,814.71

Unallocable expenses

Less: Interest expenses 175.64 106.94 101.55 282.58 190.03

Add: Other income (402.98) (94.05) (18.42) (497.03) (20.16)

Less: Tax expenses 59.01 245.59 218.40 304.60 305.09

Less: Unallocable expenses 503.96 359.83 290.29 863.79 458.84

Total Unallocable expenses (D) 335.63 618.31 591.82 953.94 933.80

Net Profit (C-D) 193.07 710.38 628.10 903.45 880.91

5,911.84 5,721.78 5,023.57 5,911.84 5,023.57

Segment Assets

- Trading 817.78 686.21 2,438.08 817.78 2,438.08

- Services 6,861.32 11,821.25 12,078.19 6,861.32 12,078.19

- Unallocated assets 4,685.28 2,780.38 1,072.22 4,685.28 1,072.22

Total Assets 12,364.38 15,287.84 15,588.49 12,364.38 15,588.49

Segment Liabilities

- Trading - - 627.23 - 627.23

- Services 1,321.37 5,671.95 7,961.38 1,321.37 7,961.38

- Unallocated Liabilities 5,131.17 3,894.11 1,976.30 5,131.17 1,976.30

Total Liabilities 6,452.54 9,566.06 10,564.91 6,452.54 10,564.91

Secondary Segments

The Company is operating it's business in one geographic area. Therefore, there is no secondary segments.

By the order of the Board

GB Logistics Commerce Limited

Prashant Natwarlal Lakhani

Managing director

DIN No. : 00559519

GB Logistics Commerce Limited

(Formerly knowns as GB Logistics Private Limited)

CIN No:- L63030MH2019PLC334896

B-3, Saptak Plaza Shivaji Nagar, Shankar Nagar, Nagpur, Maharashtra, India, 440010

AUDITED CONSOLIDATED SEGMENT-WISE REVENUE, RESULTS, ASSETS AND LIABILITIES AS OF AND FOR THE HALF AND YEAR ENDED

MARCH 31, 2026

Capital employed:

(Segment Assets-Segment Liabilities)

For the half year endedParticulars Year ended

Total Segment revenue from operations

(Gross) (A)

PRASHANT NATWARLAL

LAKHANIDigitally signed by PRASHANT NATWARLAL LAKHANI Date: 2026.06.18 20:30:26 +05'30'

----------------Page (17) Break----------------

GB Logistics Commerce Limited

(Formerly knowns as GB Logistics Private Limited)

CIN No: L63030MH2019PLC334896

Registered and Corporate Office: B-3, Saptak Plaza Shivaji Nagar, Shankar Nagar, Nagpur, Maharashtra,

India, 440010

Notes to the Consolidated Audited Financial Results for the half and year ended March 31, 2026

1. The above results have been reviewed and recommended by the Audit Committee and approved by the

Board at their meetings held on June 18, 2026.

2. The Consolidated financial results have been prepared in accordance with the Indian Generally Accepted

Accounting Principles (‘IGAAP’) as prescribed under section 133 of the Companies Act, 2013 (“the Act”)

read with relevant rules thereunder and in terms of regulation 33 of the SEBI (listing obligation and

disclosure requirements) Regulations, 2015 (as amended).

3. As Per MCA Notification Dated 16th Feb 2015, Companies whose shares are listed on SME Exchange as

referred to in Chapter XB of SEBI (issue of Capital and Disclosure Requirements) Regulation, 2019 are

exempted from the compulsory requirement of Adoption of IND AS. As the Company is covered under

the exempted category, it has not adopted IND-AS for preparation.

4. During the year ended March 31, 2025 pursuant to initial public offering (IPO) 24,57,600 equity shares of

Rs. 10 each were allotted to public at a premium of Rs. 92 per share. The shares were listed at BSE on

January 31, 2025, pursuant to IPO. The details of the utilization of IPO proceed till March 31, 2026 is as

under:

5. The Cashflow has been prepared by the Holding Company using Indirect Method as stated in AS-3 Cash

Flow Statements.

6. As per Accounting Standard- 17- “Segment Reporting” The Group has identified two reportable business

segments as primary segments: Sale of Services and Trading of Goods. The segments have been identified

and reported taking into account the nature of products, the different risks and returns, the organization

structure and the internal financial reporting systems. The business operations of Group are being

conducted from a single geographical location.

7. The basic and diluted earnings per share have been calculated in accordance with the Indian Generally

Accepted Accounting Principles -20 “Earnings Per Share”.

Objects Amount (in

lakhs)

Utilised till

March 31, 2026

Remarks

Working Capital Requirement 937.77 937.77

Truck Purchase 380.00 380.00

Repayment of borrowing 500.00 500.00

General Corporate Purposes 547.41 547.41

Share issue expenses 141.57 141.57

----------------Page (18) Break----------------

8. There are no Investors Complaints pending as on 31 March, 2026.

9. Figures for the previous periods have been regrouped/reclassified wherever necessary to conform to the

current period's classification.

By the order of the Board

Prashant Natwarlal Lakhani

Place: Nagpur

Date: June 18, 2026

Managing Director

PRASHANT

NATWARLAL

LAKHANI

Digitally signed by PRASHANT

NATWARLAL LAKHANI Date: 2026.06.18

20:30:40 +05'30'

----------------Page (19) Break----------------

Date: June 18, 2026

To,

Gen. Manager (DCS)

BSE Ltd.

P J Towers, Dalal Street,

Fort, Mumbai-400001

Ref.: Scrip Code: 544348

Scrip Id: GBLOGISTIC

Subject: Declaration pursuant to Regulation 33(3)(d)of the SEBI (Listing Obligation and Disclosure

Requirements) Regulations, 2015(as amended)

Dear Sir/Madam,

It is hereby declared that M/s. NKSC & Co. Chartered Accountants, Ahmedabad (Registration

Number 020076N, the Statutory Auditor of Amit International Limited (“the Company”), have

issued unmodified opinion on Annual Audited Financial Results (Standalone and Consolidated) of

the Company, for the financial year ended 31st March,2026

Kindly take this declaration on record.

Thanking you,

Yours truly,

For GB LOGISTICS COMMERCE LIMITED

Mr. Prashant Natwarlal Lakhani

Managing Director

DIN: 00559519

PRASHANT

NATWARLAL

LAKHANI

Digitally signed by PRASHANT NATWARLAL

LAKHANI Date: 2026.06.18 21:45:56

+05'30'

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