Skyways Air Services Ltd

Skyways Air Services Limited's Board of Directors has approved the disinvestment of 40% of its shareholding in its wholly owned subsidiary, Avito Global Freight Private Limited, for a consideration of ₹92.12 Lakhs (₹0.92 Crore). This strategic move aims to transfer ownership to the core operating team, with Skyways retaining a 60% stake, thus Avito will remain a subsidiary. Additionally, Skyways and the Avito operating team will jointly invest up to ₹2 Crore in Avito. The company also approved the incorporation of a step-down subsidiary in Abu Dhabi for international expansion and approved a corporate guarantee for its Vietnamese subsidiary. Avito Global Freight contributed 0.02% to turnover and 0.29% to net worth in the last financial year.

Skyways Air Services Limited's Board of Directors has approved the disinvestment of 40% of its shareholding in Avito Global Freight Private Limited to its Core Operating Team for ₹92.12 Lakhs. This strategic move aims to expand the company's reach. Following the transaction, Avito Global Freight will remain a subsidiary with Skyways retaining 60% ownership. Additionally, Skyways and the Core Operating Team will jointly invest up to ₹2 Crore in Avito Global Freight. The company also approved the incorporation of a wholly-owned subsidiary of Avito Global Freight in Masdar City Free Zone, Abu Dhabi, to facilitate international business expansion. A corporate guarantee of up to VND 30,000,000,000 (approx. ₹11 Crore) was also approved for Skyways SLS Logistik Company Limited (Vietnam).

Skyways Air Services Limited's Board of Directors has approved the disinvestment of 40% of its shareholding in its wholly owned subsidiary, Avito Global Freight Private Limited, to its Core Operating Team for a consideration of ₹92.12 Lakhs. Following this transaction, Avito Global Freight will remain a subsidiary with Skyways retaining 60% ownership. The company and the Core Operating Team will also invest up to ₹2 Crore in Avito Global Freight. Additionally, the Board approved the incorporation of a wholly-owned subsidiary of Avito Global Freight in Abu Dhabi to expand international operations and approved a corporate guarantee of up to VND 30,000,000,000 (approx. ₹11 Crore) for a subsidiary in Vietnam.

Mr. Yashpal Sharma, Promoter, Chairman, Managing Director, and CEO of Skyways Air Services Ltd, purchased 18,000 equity shares of the company. This on-market purchase, executed on September 30, 2026, increased his total shareholding from 4,70,20,758 shares (32.35%) to 4,70,38,758 shares (32.36%). The transaction represents a 0.01% increase in his stake, as computed from the before and after percentages. This disclosure was made under Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Mr. Tarun Sharma, a Promoter and Whole-Time Director of Skyways Air Services Limited, has acquired 17,000 equity shares of the company. The transaction, valued at an undisclosed amount, took place on September 30, 2026, via the open market. Following this purchase, Mr. Sharma's holding increased from 19.50% to 24.48% of the total issued and paid-up equity share capital. This disclosure is made in compliance with Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Skyways Air Services Ltd announced the reappointment of Mr. Yashpal Sharma as Chairman and Managing Director for a further period of 5 years, effective January 1, 2027, until December 31, 2031. This decision was approved by the company's members at the Annual General Meeting held on September 30, 2026. Additionally, M/s. MSTR & Associates has been appointed as the Secretarial Auditor for a term of 5 years, commencing September 30, 2026. Mr. Sharma brings over two decades of experience in the logistics sector. Notably, Mr. Yashpal Sharma is the brother of Mr. Tarun Sharma, a Whole-time Director of the company. M/s. MSTR & Associates, represented by its proprietor Ms. Teena Rani, brings over seven years of professional experience in corporate law and secretarial compliance.

Skyways Air Services' Vietnam Overseas Office has been honored with an Appreciation Award from Air India Cargo. The award recognizes Skyways' service excellence, operational reliability, and valued partnership across two key stations in Vietnam: Ho Chi Minh City and Hanoi. This recognition highlights Skyways' consistent performance and strong presence in the Vietnamese air cargo market, reinforcing its contribution to the air cargo ecosystem and its long-standing relationship with Air India Cargo. The company views this as a significant milestone and a testament to its commitment to delivering dependable, customer-focused air cargo solutions.

Skyways Air Services Ltd has announced the closure of its trading window from October 1, 2026, in preparation for the finalization and approval of its financial results for the second quarter (Q2) and half year ending September 30, 2026. This measure, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, restricts designated persons, employees, and their immediate relatives from trading the company's securities. The trading window will reopen 48 hours after the official dissemination of the financial results. The date of the Board Meeting to approve these results will be communicated separately.

Skyways Air Services Limited has received an Appreciation Award from Air India Cargo in Vietnam. This recognition acknowledges Skyways' service excellence, operational reliability, and valued partnership. The award was presented by Monika Thukral, Regional Cargo Manager – APAC, Air India Ltd., and other dignitaries, and accepted by Thao Ha on behalf of Skyways SLS Logistik. This marks a significant milestone in Skyways' contribution to the air cargo ecosystem and its longstanding association with Air India Cargo. Management reiterated their commitment to dependable, customer-focused solutions and strengthening their presence in the important Vietnam market.

Skyways Air Services Ltd has issued a revised press release correcting a typographical error in its Q1 FY27 financial results. The consolidated revenue from operations for Q1 FY26, which was inadvertently stated as Rs. 630.91 Cr. in the Q1 FY27 highlights, has been corrected to Rs. 639.01 Cr. The company clarified that this was a clerical error and no other information in the press release has changed. The revised press release replaces the earlier one filed on September 18, 2026. The company also reported strong Q1 FY27 performance with consolidated revenue up 93% YoY to Rs. 1,216.53 Cr. and profit up 143% YoY to Rs. 26.79 Cr.