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Kannan brings over 39 years of expertise in finance, strategy and corporate performance management.

The rights issue, which opened on September 19, 2024, was priced at ₹18 per share (including a premium of ₹8 over the face value of ₹10).

The app aims to enhance logistics services and address the challenges of manual operations.

Funds raised will be used to repay term loans, reduce interest burden

Profit after tax (PAT) increased by 22 percent YoY to ₹1.67 crore from ₹1.37 crore and by 11 percent QoQ to ₹1.67 crore from ₹1.50 crore.

Income from operations up 26% at Rs 90.5 crore; company joins ONDC to capitalise on e-commerce opportunities