Meeting Details

  • Date: Wednesday, September 30, 2026
  • Time: 04:00 PM IST
  • Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Deemed Venue: Registered Office at Unit No. 706-707, The Epicentre, W. T. Patil Marg, Off Eastern Freeway, BEST Colony, Near Shivaji Chowk, Chembur East, Mumbai – 400 071
  • Cut-off Date: Tuesday, September 22, 2026 (for determining shareholders entitled to vote)

Proposed Resolutions and Implications

Ordinary Business

1. Adoption of Financial Statements: Resolution to receive, consider, and adopt the Audited Standalone and Consolidated financial statements for FY ended March 31, 2026, along with Board of Directors' and Auditors' reports.

2. Re-appointment of Director: Ordinary Resolution to re-appoint Mr. Hemant Kumar Sibal (DIN: 11300312) as Director who retires by rotation. Mr. Sibal is a non-executive director with over 50 years of maritime experience, formerly Deputy Conservator at Kandla Port Trust. He was first appointed on September 17, 2025, and attended 7 out of 13 board meetings during FY 2025-26.

3. Appointment of Statutory Auditors: Ordinary Resolution to appoint M/s. MSKA & Associates LLP (Firm Registration No. 105047W) as statutory auditors from conclusion of this AGM until conclusion of 16th AGM. Proposed fee is ₹36 lakhs for FY 2026-27 excluding taxes and reimbursement of expenses. They replace M/s. L K J And Associates LLP whose term concludes at this AGM.

Special Business

4. Sub-division of Equity Shares: Special Resolution to sub-divide 1 equity share of ₹5 face value into 5 equity shares of ₹1 face value each. Purpose is to enhance liquidity and make shares more affordable for small investors. Record date to be determined by Board post-approval. No change in total authorized (₹15 crore), issued (₹12,68,21,585), subscribed (₹12,68,21,585), or paid-up capital (₹12,68,21,585).

5. Alteration of Memorandum of Association: Special Resolution to amend Clause 5 (Capital Clause) of MoA to reflect changed share structure post sub-division, replacing "1,50,00,000 Equity Shares of Rs. 5/- each" with "15,00,00,000 Equity Shares of Rs. 1/- each".

6. Issuance of Non-Convertible Debentures: Special Resolution to authorize issuance of NCDs up to ₹500 crore through private placement/public issue in one or more tranches within one year. Proceeds intended for vessel construction/acquisition, refinancing existing debt, working capital, and general corporate purposes. This is within overall borrowing limit of ₹1,200 crore approved by members on March 15, 2026.

Voting Process and Methods

  • Remote e-Voting Period: Saturday, September 26, 2026 (09:00 AM IST) to Tuesday, September 29, 2026 (05:00 PM IST)
  • E-voting during AGM: Available for shareholders who haven't voted remotely
  • Scrutinizer: Ms. Preeti Singhania of M/s. P Singhania & Associates (Chartered Accountants)
  • Voting Methods:
  • Individual demat holders: Through NSDL/CDSL platforms using OTP/IDeAS/Easi facilities
  • Physical shareholders/Non-individual holders: Through InstaVote platform at https://instavote.linkintime.co.in
  • Institutional shareholders: Through Custodian/Corporate Body registration on InstaVote

Key Voting Outcomes

Voting results will be declared post-meeting after scrutinizer's consolidation. The scrutinizer will provide consolidated report within 2 working days of meeting conclusion, to be countersigned by Chairman and displayed on company website and submitted to stock exchanges.

Compliance with Laws and Regulations

The AGM is convened in compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circulars dated April 08, 2020; April 13, 2020; May 05, 2020; December 28, 2022; and September 22, 2025
  • SEBI Master Circular dated July 11, 2023 (last updated January 30, 2026)
  • Secretarial Standard-2 on General Meetings

Additional Information

  • RTA: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Documents Available: Annual Report, Notice of AGM, Explanatory Statement available on company website, stock exchange websites, and RTA website
  • Contact: listing@kmew.in for document requests or queries