AGM Details

  • Annual General Meeting Date: Thursday, 24th September 2026 at 02:00 PM
  • Meeting Mode: Video Conferencing (VC) or Other Audio Visual Means (OAVM)
  • Deemed Venue: Registered Office at Unit No. 319, 320, 3rd Floor, Lodha Supremus, Mahakali Caves Road, Near Bindras Hotel, Andheri (East), Mumbai-400069
  • Cut-off Date for Voting: Thursday, 17th September 2026
  • Book Closure Period: Friday, 18th September 2026 to Thursday, 24th September 2026 (both days inclusive)
  • E-Voting Period: Commences Sunday, 20th September 2026 at 9:00 AM, ends Wednesday, 23rd September 2026 at 5:00 PM
  • Scrutinizer: Mrs. Priti Jajodia (Practising Company Secretary, COP No. 19900)
  • RTA: MUFG Intime India Pvt. Ltd

Business Items for AGM

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt Standalone and Consolidated financial statements for FY ended 31st March 2026 with audited Balance Sheet, Profit & Loss Statement, and Reports of Board of Directors and Auditors

2. Appointment of Director: Re-appointment of Mrs. Stalgy Muliyil (DIN: 06417315) who retires by rotation under Section 152(6) of Companies Act, 2013

Special Business

3. Increase in Limits under Section 186: To approve increase in limit up to ₹500 crores for making investments, loans/guarantees & advances in excess of limits specified under Section 186 of Companies Act, 2013 (Special Resolution)

4. Increase in Related Party Transaction Limit: To approve increase in limit up to ₹250 crores for related party transactions (Ordinary Resolution)

5. Increase in Borrowing Power: To approve increase in limit up to ₹500 crores of borrowing power in excess of limits specified under Section 180(1)(c) of Companies Act, 2013 (Special Resolution)

Financial Performance Highlights

Standalone Performance (₹ in Lakhs)

| Particulars | FY 2025-26 | FY 2024-25 |

| Income from Operations & other income | 11,144.38 | 13,226.75 |

| Total Expense | 11,062.94 | 13,204.54 |

| Profit/(Loss) before Tax | 81.44 | 22.20 |

| Profit/(Loss) after Tax | 57.75 | 12.39 |

| Earnings per share | ₹0.57 | ₹0.12 |

Consolidated Performance (₹ in Lakhs)

| Particulars | FY 2025-26 | FY 2024-25 |

| Income from Operations & other income | 11,144.38 | 13,226.74 |

| Total Expense | 11,063.23 | 13,204.54 |

| Profit/(Loss) before Tax | 81.15 | 22.21 |

| Share of Profit/(Loss) in Associate | (87.51) | (6.43) |

| Net Profit/(Loss) after Tax | (30.06) | 5.96 |

| Earnings per share | ₹(0.29) | ₹0.06 |

Capital Structure

  • Authorized Capital: 1,10,00,000 Equity Shares of ₹10 each (₹1,100.00 lakhs)
  • Issued, Subscribed and Paid-up Capital: 1,02,00,000 Equity Shares of ₹10 each fully paid up (₹1,020.00 lakhs)
  • No change in share capital during the year

Dividend

No dividend recommended for FY 2025-26 to strengthen financial position

Subsidiaries and Associates

  • Subsidiary: Cargosol Shipping Agency Private Limited (94.12% holding)
  • Associates: Cargosol LLC (25% holding), Cargosol Logistics (Thailand) Co., Ltd (40% holding)
  • Cargosol Logistics (Thailand) Co., Ltd became associate during the year under review

Key Management Personnel

  • Managing Director: Mr. Roshan Rohira (DIN: 01608551)
  • Chairman & Executive Director: Mr. Samuel Janathan Muliyil (DIN: 01608626)
  • Non-Executive Director: Mrs. Stalgy Samuel Muliyil (DIN: 06417315)
  • Non-Executive Independent Directors: Mr. Vishal Mahadev Wadhwani, Mr. Mohammed Saifi
  • Chief Financial Officer: Cletus William D'souza
  • Company Secretary and Compliance Officer: Ashish Goenka

Corporate Actions

Board meeting held on July 04, 2026 approved proposal to issue Foreign Currency Convertible Bonds (FCCBs) for aggregate amount not exceeding USD 15 Million through one or more tranches

Related Party Transactions

Material related party transactions entered during the year with directors and related entities including:

  • Director remuneration and incentives: ₹122.84 lakhs
  • Loans taken from directors: ₹148.71 lakhs
  • Loans repaid to directors: ₹110.79 lakhs
  • Business promotion expenses: ₹27.62 lakhs
  • Freight and handling services with associates: ₹89.41 lakhs

Borrowings and Financial Arrangements

  • Secured Loans: ₹497.23 lakhs (mainly against property and vehicles)
  • Unsecured Loans: ₹51.47 lakhs
  • Loans from Directors: ₹191.22 lakhs (interest free)
  • Short-term Borrowings: ₹1,962.60 lakhs (cash credit facilities)
  • Working capital loans secured by hypothecation of entire current assets and equitable mortgage on properties

Contingent Liabilities

  • Claims against company not acknowledged as debts: ₹51.23 lakhs
  • Bank guarantees given on behalf of company: ₹47.00 lakhs
  • Disputed statutory liabilities: ₹216.89 lakhs (including GST demands of ₹215.39 lakhs)

Property Details

Company holds several immovable properties with gross carrying value of ₹1,134.57 lakhs. Title deeds are in name of erstwhile partnership firm M/s Cargosol, which was converted to private limited and then public limited company.

Compliance Status

  • No frauds reported by statutory auditors under Section 143(12)
  • No instances under Sexual Harassment of Women at Workplace Act, 2013
  • CSR provisions not applicable as company didn't meet prescribed thresholds
  • No deposits accepted from public under Chapter V of Companies Act

Important Dates

  • Notice Date: 01st September, 2026
  • AGM Date: 24th September, 2026
  • Book Closure: 18th to 24th September, 2026
  • E-Voting: 20th to 23rd September, 2026
  • Financial Year End: 31st March, 2026
  • Board Approval Date for Accounts: 29th May, 2026

Website and Contact Information

  • RTA: MUFG Intime India Pvt. Ltd, C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083

#Tags: #CargosolLogistics #AGM2026 #SEBIDisclosure #AnnualReport #FinancialResults #RegulatoryCompliance #Neutral