Integrated Filing — IndAS



General information about company

Scrip Code 542233
NSE Symbol TREJHARA
MSEI Symbol NOTLISTED
ISIN INE00CA01015
Name of company TREJHARA SOLUTIONS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 21-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 30-04-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Single segment
Start date and time of board meeting 21-05-2026   11:45:00
End date and time of board meeting 21-05-2026   15:40:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 4,186.75 14,224.86
Other income 315.70 830.90
Total income 4,502.45 15,055.76
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 781.71 2,200.46
(e) Finance costs 34.09 107.51
(f) Depreciation, depletion and amortisation expense 103.38 403.60
(f) Other Expenses
1 Freight forwarding and Other operating Expenses 2,876.24 10,219.03
2 Other Expenses 387.59 1,023.87
Total other expenses 3,263.83 11,242.90
Total expenses 4,183.01 13,954.47
3 Total profit before exceptional items and tax 319.44 1,101.29
4 Exceptional items 0.00 (37.97)
5 Total profit before tax 319.44 1,063.32
6 Tax expense
7 Current tax 1.71 189.20
8 Deferred tax (4.24) 7.05
9 Total tax expenses (2.53) 196.25
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 321.97 867.07
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 321.97 867.07
17 Other comprehensive income net of taxes 113.14 260.95
18 Total Comprehensive Income for the period 435.11 1,128.02
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 307.86 852.96
Total profit or loss, attributable to non-controlling interests 14.11 14.11
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 421.00 1,113.91
Total comprehensive income for the period attributable to owners of parent non-controlling interests 14.11 14.11
21 Details of equity share capital
Paid-up equity share capital 2,411.67 2,411.67
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 27,343.27
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.35 3.68
Diluted earnings (loss) per share from continuing operations 1.35 3.68
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.35 3.68
Diluted earnings (loss) per share from continuing and discontinued operations 1.35 3.68
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes to the Consolidated Financial Results: 3. The consolidated financial results of Trejhara Solutions Limited (‘the Holding Company’) for the year ended March 31, 2026 have been extracted from the audited consolidated financial statements prepared in accordance with the Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter and in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement (LODR) Regulations 2015. These consolidated financial results have been reviewed and recommended by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on May 21, 2026. 4. The Holding Company has consolidated financial results of all its five subsidiary companies (‘together referred as Group’) as per Indian Accounting Standard 110-Consolidated Financial Statements. 5. The Statutory Auditors of the Holding Company have conducted audit of the aforesaid consolidated financial results and have issued an unmodified opinion in their audit report. 6. Other income includes foreign exchange gain of INR 297.28 Lakhs and INR 728.04 Lakhs for the quarter and year ended March 31, 2026 respectively. (Quarter and year ended March 31, 2025: INR 14.34 Lakhs and INR 216.43 Lakhs respectively). 7. The Company's standalone turnover, profit before tax, profit after tax and total comprehensive income is as under: (Rs. in lakhs) Particulars Quarter Ended Year Ended 31/03/2026 31/12/2025 31/03/2025 31/03/2026 31/03/2025 (Audited) (Unaudited) (Audited) (Audited) (Audited) Turnover 2,793.63 2,867.04 3,392.47 11,654.47 10,135.55 Profit before tax 925.32 215.45 261.73 1,655.84 561.55 Profit after tax 930.54 198.22 191.32 1,502.09 390.00 Total Comprehensive Income 923.75 201.54 181.68 1,506.30 379.95 8. Pursuant to the Government of India notification dated November 21, 2025, whereby New Labour Codes were notified, the management had assessed and disclosed the additional Impact of the New Labour Codes on the Company's employee benefit obligations and accordingly recognised an estimated additional cost of INR 37.97 Lakhs under Exceptional Item in the consolidated financial results for the Q3 FY 2025-26. The Group has considered restructured compensation of its employees with effect from April 1, 2026, and assessed the impact of the changes, consistent with the Labour Codes, draft rules, FAQs, and legal opinion. The Group will continue to monitor further developments including the finalization of the central and state rules under the New Labour Codes, which are yet to be notified and shall evaluate and give effect to any consequential accounting adjustments, if any arising therefrom in future periods, as and when required. 9. Accounting and reporting of information for Operating Segments are those components of the business whose operating results are regularly reviewed by the Group’s Chief Operating Decision Maker (CODM) to make decisions for performance assessment and resource allocation. The Group is organised into business units based on the nature of services rendered, the differing risks and returns and the internal business reporting system. Pursuant to the Scheme of Amalgamation (the ‘Scheme’), the Group being a logistics solution provider, intends to increase its logistics business through expansion of its digital footprint by innovation and analytical capabilities in the logistics sector. As a result, the Group believes that as per IND AS 108 — Operating Segments, logistics services is the single reportable segment, which includes other ancillary logistics and exhibition services which does not qualify for reportable segment as per IND AS 108 and hence there are no other reportable segments. 10. During the year, the Holding Company increased its authorised share capital from INR 2,500 Lakhs to INR 3,500 Lakhs pursuant to the approval of the Board of Directors vide resolution dated November 05, 2025 and approval of the shareholders obtained on December 03, 2025. 11. During the quarter, the Holding Company invested INR 2,850.00 Lakhs by subscribing to 28,50,000 Optionally Convertible Redeemable Preference Shares (“OCRPS”) of GS Marketing Associate Private Limited having a face value of INR 100 each pursuant to the approval of the Investment Committee of the Board of Directors of the Holding Company vide resolution dated 04th February 2026, which were subsequently reclassified as Compulsorily Convertible Preference Shares (“CCPS”) by GS Marketing Associate Private Limited based on the consent of the Holding Company. 12. During the quarter, pursuant to the approval of Board of Directors of the Holding Company dated November 05, 2025, the allotment committee of the Holding Company at its meeting held on February 10, 2026: a) allotted 6,11,112 Equity shares at an issue price of INR 216 per equity share for an aggregate consideration of INR 1320.00 Lakhs. The Holding Company received the trading approval for the equity shares arising out of the aforesaid allotment on April 09, 2026. b) allotted 68,97,000 convertible share warrants at an issue price of INR 216 per share warrant, aggregating to a total issue size of INR 14,897.52 Lakhs. In accordance with the applicable provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Holding Company received 25% of the warrant issue price as upfront consideration, amounting to INR 3724.38 Lakhs during the quarter. Further, due to under-subscription of 11,00,000 share warrants, the overall issue size was reduced from INR 18,593.62 Lakhs to INR 16,217.52 Lakhs. 13. During the quarter, pursuant to the approval granted by the Board of Directors of the Holding Company at its meeting held on December 01 2025, the Holding Company completed the acquisition of 100% equity shares in LP Logistics Plus LLC for a total consideration of USD 12.5 million. As per the agreed terms the payment of USD 9.5 million was made during the quarter and remaining balance to be paid in one or more tranches, resultantly, LP Logistics Plus LLC became a wholly owned subsidiary of the Holding Company with effect from March 23, 2026. 14. As per the audited financial statements of the subsidiary, Auroscient Outsourcing Limited, liabilities exceeded its total assets by INR 5,876.69 Lakhs as at 31 March 2026, and the statutory auditor has drawn attention to material uncertainty with regard to going concern. The Board of Directors of the Holding Company has undertaken an evaluation of the said subsidiary’s financial position, future business plans, expected cash flows, and the financial support available from the Group. Accordingly, the Consolidated Financial Results have been prepared on the assumption that the subsidiary will continue as a going concern and no adjustments have been made to the carrying values of assets and liabilities that may be required if the going concern assumption were to be invalid. 15. The Board of Directors of the Holding Company, at its meeting held on December 01, 2025, approved the expansion into the Exhibitions and Trade Fairs business through the incorporation of a subsidiary, GS Marketing Associates Private Limited, in which the Company will hold a 60% equity stake & 40% stake will be held through the partners of GS Marketing Associates. The said subsidiary in the name of GS Marketing Associates Private Limited was duly incorporated on January 21, 2026. During the quarter, GS Marketing Associates Private Limited entered into a Business Transfer Agreement (“BTA”) with GS Marketing Associates on February 06, 2026 for acquisition of the business of GS Marketing Associates. The transaction was completed during the quarter upon payment of the agreed consideration aggregating to INR 2,820.00 Lakhs. 16. Based on the approval of the Scheme of Amalgamation (the ‘Scheme’) for merger of the Company with LP Logistics Plus Chemical SCM Private Limited (Transferor Company) at the meeting of the Board of Directors held on March 26, 2025 and sanction of the aforesaid Scheme by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench vide its order dated October 14, 2025, the Company had given effect of the Scheme for the merger. Pursuant to this, figures for the quarter ended March 31, 2025, forming part of the pre-merger audited consolidated financial results for the previous year, which were filed with stock exchanges on May 30, 2025 have been restated and hence the figures for the aforesaid quarter are not comparable with the post-merger audited standalone financial results for the current year. 17. The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the full financial year 2025-26 and 2024-25 and the published unaudited year to date figures up to the third quarter ended December 31, 2025 & December 31, 2024 respectively. 18. The figures for the earlier periods have been regrouped/ reclassified wherever necessary to make them comparable with those of the current period. Place: Navi Mumbai Date: May 21, 2026 For Trejhara Solutions Limited Amit Sheth Chairman & Director



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 181.77
Capital work-in-progress 0.00
Investment property 0.00
Goodwill 13,174.78
Other intangible assets 2,467.49
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other Financial Assets 51.31
Total of other non-current financial assets 51.31
Total non-current financial assets 51.31
Deferred tax assets (net) 55.78
Other non-current assets
1 Other non-current assets 8,701.48
2 Right of Use Assets 75.68
3 Income Tax Assets 300.97
Total of other non-current assets 9,078.13
Total non-current assets 25,009.26
2 Current assets
Inventories 0.00
Current financial asset
Current investments 0.00
Trade receivables, current 3,359.29
Cash and cash equivalents 1,033.08
Bank balance other than cash and cash equivalents 1,017.42
Loans, current 475.56
Other current financial assets
Total of other current financial assets 3,421.50
Total current financial assets 9,306.85
Current tax assets (net) 0.00
Other current assets
1 Other current assets 5,265.74
Total of other current assets 5,265.74
Total current assets 14,572.59
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 39,581.85
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,411.67
Other equity 27,343.27
Total equity attributable to owners of parent 29,754.94
Non controlling interest 14.51
Total equity 29,769.45
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Liabilities 61.65
Total of other non-current financial liabilities 61.65
Total non-current financial liabilities 61.65
Provisions, non-current 187.60
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 249.25
Current liabilities
Current financial liabilities
Borrowings, current 2,192.97
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 147.92
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 3,088.04
Total Trade payable 3,235.96
Other current financial liabilities
1 Lease Liabilities 19.81
2 Other current financial liabilities 3,565.90
Total of other current financial liabilities 3,585.71
Total current financial liabilities 9,014.64
Other current liabilities 279.17
1 Other current liabilities 279.17
Total of other current liabilities 279.17
Provisions, current 185.12
Current tax liabilities (Net) 84.22
Deferred government grants, Current 0.00
Total current liabilities 9,563.15
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 9,812.40
Total equity and liabilites 39,581.85
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 6.79 (4.21)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss (119.93) (256.74)
5 Total Other comprehensive income 113.14 260.95



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1,063.32
Adjustments for reconcile profit (loss)
Adjustments for finance costs 79.01
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables, current (3,210.45)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 2,038.67
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 403.60
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (728.04)
Adjustments for dividend income 0.00
Adjustments for interest income 101.57
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 43.99
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (1,474.79)
Net cash flows from (used in) operations (411.47)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 235.81
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (647.28)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 4,627.91
Cash flows used in obtaining control of subsidiaries or other businesses 11,130.34
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 18.63
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 863.74
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 80.87
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 329.90
Net cash flows from (used in) investing activities (5,246.55)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 5,044.37
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 1,511.73
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 69.65
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (31.41)
Net cash flows from (used in) financing activities 6,455.04
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 561.21
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 561.21
Cash and cash equivalents cash flow statement at beginning of period 471.87
Cash and cash equivalents cash flow statement at end of period 1,033.08





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Chokshi & Chokshi LLP, Chartered Accountant Yes 31-03-2028