Meeting Details

The 38th Annual General Meeting was held on Wednesday, 19th August 2026 at 11:00 A.M. IST through Video Conference and Other Audio-Visual Means using the WEBEX platform facilitated by M/s. MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited). The meeting concluded at 11:51 A.M. IST. The registered office of the Company was deemed as the venue for the AGM.

Attendance

  • Board Members: Mr. Ramakrishnan Sivaswamy Iyer (Executive Chairman), Capt. Milind Kashinath Patankar (Managing Director), Mr. Ritesh Sivaswamy Ramakrishnan (Non-Executive Director), Mr. Ratnagiri Sivaram Krishnan (Independent Director), Mr. Deepak Shetty (Independent Director), Mr. Ajit George Paul (Independent Director), Mr. Anil Kumar Gupta (Independent Director)
  • Key Management Personnel: Capt Ashish Chauhan (CEO), Mr. Rajesh Desai (CFO), Ms. Namrata Malushte (Company Secretary)
  • Other Representatives: Mr. Dhiraj Birla (Partner of Statutory Auditors), Mr. B. Durgaprasad Rai (Scrutiniser)
  • Shareholders: 41 shareholders representing 14,330,000 equity shares attended through VC/OAVM

Business Transacted

The following items from the Notice dated 19th May 2026 were transacted:

1. Adoption of Audited Standalone Financial Statements for FY ended 31st March 2026 with Reports of Board of Directors and Statutory Auditors

2. Adoption of Audited Consolidated Financial Statements for FY ended 31st March 2026 with Report of Statutory Auditors

3. Re-appointment of Mr. Ramakrishnan Sivaswamy Iyer (DIN: 00057637) as Executive Chairman who retires by rotation

4. Re-appointment of Mr. Ramakrishnan Sivaswamy Iyer (DIN: 00057637) as Whole-time Director designated as Executive Chairman for three years effective 1st April 2027 with remuneration approval

5. Re-appointment of Capt. Milind Kashinath Patankar (DIN: 02444758) as Managing Director for three years effective 1st July 2027 with remuneration approval

Voting Process

Remote e-voting facility was provided from 16th August 2026 (10:00 A.M. IST) to 18th August 2026 (5:00 P.M. IST) through M/s. MUFG Intime India Private Limited. Members who hadn't voted remotely could vote during the AGM, with the facility open until 30 minutes post conclusion. The cut-off date for e-voting was 12th August 2026. Mr. B. Durgaprasad Rai was appointed as Scrutiniser for both remote and meeting e-voting.

Strategic and Operational Highlights from Chairman's Speech

  • The Company acquired 100% equity stake in Transworld Integrated Logistek Private Limited and Transworld Logistics Private Limited, making them wholly-owned subsidiaries
  • Entered into a strategic joint venture with Bainbridge Navigation DMCC, incorporating Transbridge Global FZCO in UAE with 60% equity stake held by the Company
  • The joint venture focuses on developing and operating a commercial pooling platform for handy-size dry bulk vessels
  • Financial performance was impacted by decline in freight and charter rates during the year
  • The company maintained focus on operational excellence, safety, governance and long-term value creation
  • Sustainability initiatives included fuel efficiency, voyage optimization, and environmental compliance
  • Investments were made in technology, cybersecurity framework, and digital solutions

Results Disclosure

The results of remote e-Voting and e-Voting will be submitted to stock exchanges separately in the format prescribed under Regulation 44 of SEBI Listing Regulations.