Board of Directors

  • Mr. Roshan Rohira (Managing Director, DIN: 01608551)
  • Mrs. Stalgy Samuel Muliyil (Non-Executive Director, DIN: 06417315)
  • Mr. Samuel Janathan Muliyil (Chairman & Executive Director, DIN: 01608626)
  • Mr. Vishal Mahadev Wadhwani (Non-Executive Independent Director)
  • Mr. Mohammed Saifi (Non-Executive Independent Director)

Key Managerial Personnel

  • Statutory Auditors: T M R & Associates LLP, Chartered Accountants (Firm Reg. No. W100109)
  • Company Secretary and Compliance Officer: Ashish Goenka
  • Chief Financial Officer: Cletus William D'souza
  • Registrar & Transfer Agent: MUFG Intime India Pvt. Ltd, Mumbai

Annual General Meeting Details

16th AGM Date: September 24, 2026 at 2:00 PM

Venue: Through Video Conferencing (deemed at Registered Office)

Cut-off Date: September 17, 2026

Register of Members Closure: September 18-24, 2026

AGM Agenda Items

Ordinary Business:

1. Adoption of standalone and consolidated financial statements for FY 2025-26

2. Re-appointment of Mrs. Stalgy Muliyil (DIN: 06417315) who retires by rotation

Special Business:

3. Increase in limit to ₹500 crores for investments/loans/guarantees under Section 186

4. Increase in limit to ₹250 crores for related party transactions

5. Increase in borrowing power limit to ₹500 crores under Section 180(1)(c)

Financial Performance Summary

Standalone Financials (₹ in Lakhs)

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

| Revenue from Operations & Other Income | 11,144.38 | 13,226.75 |

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

| Profit Before Tax | 81.44 | 22.20 |

| Tax Expense | 23.69 | 9.81 |

| Net Profit After Tax | 57.75 | 12.39 |

| Earnings Per Share (₹) | 0.57 | 0.12 |

Consolidated Financials (₹ in Lakhs)

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

| Revenue from Operations & Other Income | 11,144.38 | 13,226.74 |

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

| Profit Before Tax | 81.15 | 22.21 |

| Tax Expense | 23.69 | 9.81 |

| 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 & Paid-up Capital: 1,02,00,000 equity shares of ₹10 each fully paid-up (₹1,020.00 lakhs)

Key Operational Highlights

  • The company is engaged in freight forwarding, logistics and shipping services
  • Revenue decline attributed to market conditions
  • Maintained focus on global supply chains and sustainability initiatives
  • Secured good projects and built considerable order book
  • Expanding in Southeast Asia (Thailand) and UK markets

Subsidiaries and Associates

1. Cargosol Shipping Agency Private Limited (Subsidiary, 94.12% holding)

2. Cargosol LLC (Associate, 25% holding)

3. Cargosol Logistics (Thailand) Co., Ltd (Associate, 40% holding)

Fundraising Initiatives

  • Board approved issuance of Foreign Currency Convertible Bonds (FCCBs) up to USD 15 million
  • Seeking shareholder approval for increased borrowing limits of ₹500 crores

Related Party Transactions

Material related party transactions during the year included:

  • Director remuneration totaling ₹174.29 lakhs
  • Loans from directors totaling ₹236.09 lakhs (consolidated)
  • Various freight and handling services with related entities

Audit and Compliance

  • Statutory Auditors: T M R & Associates LLP - Unqualified report
  • Secretarial Auditor: Jajodia & Associates - No qualifications
  • Internal Auditor: Mr. Nitesh Wankhade, Practicing Chartered Accountant
  • Cost audit not applicable to the company

Corporate Governance

  • Board met 4 times during the year
  • All committees (Audit, Nomination & Remuneration, Stakeholders Relationship) functional
  • Vigil Mechanism (Whistle Blower Policy) in place
  • Risk Management Policy adopted

Other Key Disclosures

  • No dividend declared for FY 2025-26
  • No amounts transferred to Investor Education and Protection Fund
  • No material orders passed by regulators/courts
  • No frauds reported by auditors
  • CSR provisions not applicable to the company
  • No pending litigations except disclosed contingent liabilities of ₹315.12 lakhs

Contingent Liabilities (₹ in Lakhs)

  • Claims against company not acknowledged as debts: 51.23
  • Bank guarantees: 47.00
  • Disputed statutory liabilities: 216.89

Subsequent Events

  • Board approved FCCB issuance of up to USD 15 million on July 4, 2026
  • AGM scheduled for September 24, 2026 to seek shareholder approvals

#Tags: #CargosolLogistics #AnnualReport #SEBIDisclosure #LogisticsSector #FinancialResults #AGM2026 #FCCB #CorporateGovernance