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Incorporated in November 2020, Brace Port Logistics Limited specializes in ocean cargo logistics services, catering to clients across diverse sectors.
BRACEPORT and its promoter face a criminal complaint from a UK entity over allegations of breach of trust and cheating. The company strongly denies all claims and is pursuing legal options to challenge the allegations. No immediate financial impact is specified.
Brace Port Logistics reported H1 FY26 net profit of 2.49 Cr (vs 3.67 Cr previous year), impacted by a prior one-time project, with EBITDA margin at 11%. Company won 'Best Sales & Operations' award & established an associate in Canada, driving international footprint expansion.
Brace Port Logistics confirmed no deviation in utilizing its 24.41 Cr IPO funds as per the original plan. Proceeds were deployed for working capital, general corporate purposes, and issue expenses, ensuring transparency for investors.
Brace Port Logistics expanded global operations with major international shipments, including electric buses and cars. New clients, Continental Tires and Ashbee Systems, were onboarded, strengthening automotive and industrial logistics capabilities and signaling a drive for sustainable growth.
Brace Port Logistics Limited has informed the Exchange about General Updates