Meeting Details

The 11th Annual General Meeting was held on Wednesday, September 30, 2026, commencing at 04:00 p.m. IST and concluding at 05:03 p.m. IST. The meeting was conducted through Video Conferencing in compliance with circulars issued by the Ministry of Corporate Affairs and SEBI. The registered office of the Company in Mumbai was deemed to be the venue for this AGM.

Attendees

Directors Present:

  • Mrs. Kanak Kewalramani (Chairperson, Whole-time Director & CFO) - attended from Registered Office, Mumbai
  • Mr. Ashish Mohandas (Independent Director) - attended from Kerala
  • Capt. Shailesh Bhambhani (Non-Executive Independent Director) - attended from Mumbai
  • Mr. Hemant Kumar Sibal (Non-Executive Non-Independent Director) - attended from Gujarat
  • Mr. Saurabh Daswani (Managing Director) - attended from Mumbai

Other Attendees:

  • Mr. Avdhoot Kotwal, Company Secretary & Compliance Officer - attended from Registered Office, Mumbai
  • Representatives of Statutory Auditors, Secretarial Auditors, and Internal Auditor
  • Scrutinizer
  • Chairpersons of all Board Committees (Audit, Stakeholders Relationship, Nomination & Remuneration, Corporate Social Responsibility, and Risk Management Committees)

Proposed Resolutions

The following six resolutions were proposed for shareholder approval:

1. Ordinary Resolution: Adoption of Audited Financial Statements together with Reports of Board of Directors and Auditors thereon

2. Ordinary Resolution: Appointment of Mr. Hemant Kumar Sibal (DIN: 11300312) who retires by rotation

3. Ordinary Resolution: Appointment of M/S. MSKA & Associates LLP (Formerly Known as M/S. M S K A & Associates) as Statutory Auditors

4. Special Resolution: Sub-Division of Equity Shares of The Company

5. Special Resolution: Alteration of Memorandum of Association of the Company

6. Special Resolution: Authorisation for Issuance of Non-Convertible Debentures up to Rs. 500 Crores

Voting Process and Methods

The voting was conducted through two methods:

1. Remote e-voting: Available from Saturday, September 26, 2026 at 9:00 a.m. IST to Tuesday, September 30, 2026 at 5:00 p.m. IST

2. E-voting during AGM: Available for members who had not cast votes through remote e-voting, kept open for 20 minutes after conclusion of AGM

The Company engaged MUFG Intime India Private Limited to provide the e-voting facility and video conferencing platform. The Board appointed Ms. Preeti Singhania, Proprietor of M/s. P Singhania & Associates, Chartered Accountants, as Scrutinizer for both remote e-voting and e-voting during the AGM.

Voting Outcomes and Scrutinizer's Role

The Scrutinizer was required to scrutinize the votes and deliver a combined report on voting within 2 working days from the conclusion of the AGM. The results of voting along with the Scrutinizer's Report were to be uploaded on the company website and submitted to the Stock Exchanges after receipt. The document does not contain the actual voting results as they were pending at the time of this filing.

Compliance Confirmation

The meeting was conducted in accordance with the applicable provisions of the Companies Act, 2013 and rules made thereunder, and various circulars issued by MCA and SEBI. The Statutory Auditors and Secretarial Auditors expressed unmodified opinions in their respective Audit Reports without any qualifications, reservations, adverse remarks, or disclaimers.

Additional Information

The Chairperson highlighted India's GDP growth and maritime sector overview during the meeting, elaborated on the Company's financial and operational performance during FY 2025-26, and discussed future growth opportunities with specific emphasis on recent fundraising through Preferential Issues in September 2025 and June 2026. A question-and-answer session was conducted with registered speaker shareholders.