Cargosol Logistics Limited held a Board Meeting on July 04, 2026 from 11:00 AM to 12:00 Noon (IST). The meeting was conducted pursuant to Regulation 30 of the SEBI Listing Regulations.

Key Decisions Approved:

1. Fundraising via Foreign Currency Convertible Bonds (FCCBs)

The Board approved a proposal to raise funds through the issuance of Foreign Currency Convertible Bonds (FCCBs) up to an aggregate amount not exceeding USD 15 Million. The issuance may be conducted through:

  • Preferential issue on a private placement basis
  • Qualified institutional placement
  • Any other methods or combinations thereof
  • Listed or unlisted instruments

The approval is subject to shareholder approval and necessary regulatory approvals.

2. Extraordinary General Meeting (EGM)

The Board approved the Notice convening an Extraordinary General Meeting of members to be held on Friday, July 31, 2026 at 12:00 P.M. through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The EGM will seek member approval for the FCCB issuance business.

FCCB Details from Annexure:

  • Type of securities: Foreign Currency Convertible Bonds (FCCBs)
  • Type of issuance: International offering on a private placement basis
  • Total amount: FCCB up to USD 15 Million
  • Stock exchange listing: To be decided by the Board of Directors
  • Conversion terms: The FCCBs are optionally convertible bonds. Bondholders shall have the option to convert the FCCBs, in whole or in part, into equity shares of the Company, subject to adjustments as determined in accordance with the terms of issue and applicable laws.
  • Proposed Date of Allotment: As may be mutually decided between the Company and the Proposed Investors, subject to requisite approvals
  • Tenure and Maturity Date: As may be mutually decided between the Company and the Proposed Investors, subject to requisite approvals
  • Coupon offered: Details to be mutually decided between the Company and the Proposed Investors, subject to requisite approvals
  • Change in terms: Not applicable
  • Defaults: NIL - No defaults by the listed entity in payment of coupon on FCCBs