Announced Sat, 1 Nov · 12:03 IST

Outcome of Board meeting

Fund Raising View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Board of Directors of Cargotrans Maritime Limited met on November 1, 2025, and approved the issue price of Rs. 120 per equity share and convertible warrant. The price was determined in line with SEBI ICDR Regulations (164(1) and 166A(1)) and based on a valuation report from an independent registered valuer. The Board also approved a notice for an Extra-Ordinary General Meeting scheduled for November 26, 2025, at 4:00 PM via audio-visual means. The board meeting lasted from 11:00 AM to 11:30 AM. The purpose of the EGM is likely to seek shareholder approval for the preferential issue of shares and warrants.

Likely market impact

Existing shareholders should note that new shares and convertible warrants are likely to be issued, which could lead to dilution of their holdings. The EGM on November 26 will be a key event — investors should watch for further details on the number of shares/warrants being issued and to whom, as this will affect shareholding structure and potential price action.