Skyways Air Services Limited (SKYWAYS)

Skyways Air Services Limited has signed a renewal of its Global Annual Agreement with Qatar Airways Group Q.C.S.C. on November 6, 2026. The agreement is effective retrospectively from January 1, 2026, for a duration of one year. The deal aims to further increase mutual air cargo handling volumes, though the monetary contract size is not quantifiable. The transaction is conducted at arm's length with no equity participation or related-party interests.

• Renewed Global Annual Agreement with Qatar Airways Group Q.C.S.C.
• Effective from 1st January 2026 for a tenure of one (1) year
• Agreement execution date: 6th November 2026
• Contract value is disclosed as 'Not quantifiable'

Skyways Air Services Limited has announced an additional investment of AED 1,203,840 (approximately ₹3.13 crore or USD 327,888) in its Dubai-based subsidiary, Skyways SLS Cargo Services LLC. The company is subscribing to 198 shares of face value AED 1,000 at a premium of AED 5,080 per share to fund working capital needs. Following the subscription, Skyways maintains a 90% shareholding and control in the unit. The target entity reported a turnover of ₹39.39 crore for FY 2025-26, down from ₹85.57 crore in FY 2024-25.

• Investment amount of AED 1,203,840 (approx. ₹3.13 crore / USD 327,888) via cash consideration
• Subscription to 198 shares at face value AED 1,000 plus AED 5,080 premium per share
• Maintains 90% shareholding and control in the UAE subsidiary
• Target entity FY 2025-26 turnover was ₹39.39 crore compared to ₹85.57 crore in FY 2024-25
• Acquisition/infusion expected to close within approximately 30 days

Skyways Air Services announced that its material subsidiary, Brace Port Logistics Limited, signed a Share Purchase Agreement on October 28, 2026, to acquire a 76% equity stake in Sageroute Logistics Private Limited. The initial purchase consideration is capped at ₹76,000, followed by a subsequent capital infusion of ₹75,24,000. Sageroute Logistics is a newly incorporated company (July 28, 2026) with zero historical turnover operating in integrated logistics and supply chain services. Given Skyways' Jun 2026 quarterly revenue of ₹1,216.53 cr, this transaction is financially negligible in size.

• Acquisition of 76% equity stake (7,600 shares) in Sageroute Logistics Private Limited
• Cash consideration capped at ₹76,000, followed by a ₹75,24,000 capital infusion
• Target is a newly incorporated entity (July 28, 2026) with no prior operational turnover
• Transaction expected to close within an indicative timeline of 30 days

Skyways Air Services Limited submitted its Reconciliation of Share Capital Audit Report under Regulation 76 of SEBI Regulations for the quarter ended September 30, 2026. The company's total issued and listed share capital stands at 14,53,43,544 equity shares of face value Rs 10 each, with 100% dematerialization across NSDL and CDSL. The filing notes that 2,88,98,300 IPO shares and 11,64,45,244 pre-existing shares were listed on NSE and BSE on September 1, 2026.

• Total issued and listed capital confirmed at 14,53,43,544 equity shares of face value Rs 10 each
• Shares are 100% dematerialized, with 79.81% in NSDL (11,59,98,057 shares) and 20.19% in CDSL (2,93,45,487 shares)
• 2,88,98,300 IPO shares and 11,64,45,244 pre-quarter shares were listed on NSE and BSE on September 1, 2026
• Zero physical shares held and no discrepancies found in share reconciliation

Skyways Air Services approved the disinvestment of a 40% stake in its wholly owned subsidiary, Avito Global Freight Private Limited, to its core operating team for ₹92.12 Lakhs, retaining 60% ownership. Together with the team, the company plans to invest up to ₹2.00 Crore in Avito Global. Additionally, Avito Global will incorporate a wholly owned subsidiary in Abu Dhabi (Masdar City Free Zone) with an investment of up to ₹7.00 Crores. The Board also approved an ₹11.00 Crore corporate guarantee (VND 30 Billion) for its Vietnam subsidiary Skyways SLS Logistik to back an IATA bank guarantee.

• 40% equity stake in Avito Global Freight divested to core operating team for ₹92,12,000, reducing holding to 60%
• Avito Global contributed ₹56.52 Lakhs in turnover (0.02% of total) and ₹97.68 Lakhs in net worth (0.29%) as of March 31, 2026
• Incorporation of a UAE step-down subsidiary approved with subscription up to ₹7.00 Crores in one or more tranches
• Approved corporate guarantee of up to VND 30 Billion (~₹11.00 Crore) to Techcombank for Vietnam subsidiary for IATA guarantee

Skyways Air Services disclosed that its Chairman, MD, and CEO Yashpal Sharma acquired 18,000 equity shares via open market purchases on September 30, 2026. The transaction was valued at approximately ₹20,57,866, representing 0.012% of the company's total equity share capital. Following this acquisition, Sharma's direct holding increased slightly from 4,70,20,758 shares (32.35%) to 4,70,38,758 shares (32.36%). The intimation was formally submitted under SEBI PIT Regulations on October 1, 2026.

• Promoter acquired 18,000 equity shares via open market on September 30, 2026
• Total transaction value stood at ₹20,57,866 (approx. ₹20.58 lakh)
• Holding marginally increased from 32.35% (4,70,20,758 shares) to 32.36% (4,70,38,758 shares)
• Acquisition represents 0.012% of total issued share capital

Skyways Air Services Limited announced that shareholders approved the appointment of Mr. Yashpal Sharma as Chairman and Managing Director for a 5-year tenure effective from January 1, 2027, until December 31, 2031. Mr. Sharma has over two decades of logistics experience and is the brother of Whole-time Director Mr. Tarun Sharma. Additionally, shareholders approved the appointment of M/s. MSTR & Associates as Secretarial Auditor for a 5-year term starting September 30, 2026. The company recently reported Q1 FY27 revenue of Rs 1,216.53 crore and net profit of Rs 26.79 crore.

• Shareholders approved the appointment of Yashpal Sharma as CMD for 5 years effective January 1, 2027, to December 31, 2031
• Yashpal Sharma brings over 20 years of experience in the logistics sector
• M/s. MSTR & Associates appointed as Secretarial Auditor for 5 consecutive financial years starting FY 2026-27
• Yashpal Sharma disclosed as related to Whole-time Director Tarun Sharma (brother)

Skyways Air Services Limited reported the voting results of its 42nd Annual General Meeting held on September 30, 2026. All 9 resolutions were passed with requisite approval, receiving over 99.99% votes in favor across items. Key approved items include adoption of FY2025-26 financials, declaration of final dividend, re-appointment of CMD Yashpal Sharma, and remuneration hikes for whole-time directors.

• All 9 resolutions passed with over 99.99% of total polled votes in favour
• Total voter turnout represented 9,70,22,030 shares out of 14,53,43,544 total shares (66.75% turnout)
• Approved final dividend for FY 2025-26 and re-appointment of CMD Yashpal Sharma
• Approved remuneration increases for multiple whole-time directors (Tarun Sharma, Himanshu Chhabra, Rohit Sehgal, Rajiv Gul Hariramani)

Skyways Air Services Limited announced that its Vietnam overseas office received an Appreciation Award from Air India Cargo across two stations: Ho Chi Minh City and Hanoi. The recognition highlights operational reliability and partnership in Vietnam's air cargo market. No financial contract, revenue addition, or commercial value was disclosed with this announcement. For context, the company reported a revenue of Rs 1,216.53 cr and net profit of Rs 26.79 cr in Q1 FY27 (Jun 2026).

• Award received across 2 key stations in Vietnam: Ho Chi Minh City and Hanoi
• Conferred by Air India Cargo for service excellence and operational reliability
• No commercial or financial value attached to the recognition in the filing
• Jun 2026 baseline quarterly revenue stands at Rs 1,216.53 cr

Skyways Air Services Limited released the transcript of its maiden earnings conference call following its recent listing, reviewing its Q1 FY27 performance. The company reported expanding its Indian air freight market share from 5.9% to 6.2% quarter-on-quarter, retaining its position as the #1 air freight forwarder in India and ranking 44th globally according to WorldACD data. For Q1 (June 2026), the company recorded consolidated revenue of ₹1,216.53 crore and net profit of ₹26.79 crore. Management highlighted key volume growth from pharmaceuticals, textiles, automotive, and consumer electronics, while actively managing fuel price volatility.

• Indian air freight market share improved from 5.9% to 6.2% on a quarter-to-quarter basis
• Ranked as the #1 air freight forwarder in India and 44th globally for chargeable air cargo volumes in Q1
• Reported Q1 June 2026 revenue of ₹1,216.53 crore and net profit of ₹26.79 crore
• Industry air cargo target set by the Ministry of Civil Aviation to expand from 3.96 million metric tons to 10 million metric tons over 5 years

Skyways Air Services Limited has received an Appreciation Award from Air India Cargo in Vietnam recognizing operational reliability and service excellence. The recognition was received by the company's subsidiary/affiliate entity Skyways SLS Logistik Co Ltd. in Vietnam on September 22, 2026. This announcement carries no direct financial impact, contract value, or revenue commitments. For the quarter ended June 2026, Skyways reported revenue of Rs 1,216.53 crore and a net profit of Rs 26.79 crore.

• Appreciation Award received from Air India Cargo in Vietnam on September 22, 2026
• Award received on behalf of the company by Thao Ha, Manager at Skyways SLS Logistik, Co Ltd. Vietnam
• Filing contains no commercial deal size, order value, or financial commitment
• Company posted quarterly revenue of Rs 1,216.53 crore in Jun 2026

Skyways Air Services Limited has released the audio recording of its earnings conference call held on September 18, 2026, at 04:00 PM IST. The call discussed the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. In Q1 FY27, the company reported revenue of Rs 1,216.53 crore and net profit of Rs 26.79 crore. The recording has been made publicly accessible on the company's website per SEBI LODR requirements.

• Earnings conference call was conducted on September 18, 2026, at 04:00 P.M. (IST)
• Call pertains to the un-audited financial results for the quarter ended June 30, 2026
• Audio recording made accessible on the company's website at www.skyways-air.in
• Company reported revenue of Rs 1,216.53 crore and net profit of Rs 26.79 crore in the June 2026 quarter