Submission of revised proceeding of 12th Annual General Meeting of Company
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Cargotrans Maritime Limited submitted revised proceedings of its 12th AGM, which was held via video conferencing on September 30, 2025, starting at 5:00 PM and concluding at 5:13 PM. The submission was delayed due to a power outage at the company's registered office in Gandhidham, Gujarat, causing it to miss the prescribed timeline under SEBI LODR Regulations. Three ordinary resolutions were transacted: (1) adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, (2) declaration of a dividend of Rs. 0.50 per share (5%) on equity shares of Rs. 10 each, and (3) re-appointment of Mr. Bchandershekhar Rao (DIN: 07965862) as director, retiring by rotation. The auditors' and secretarial auditors' reports contained no qualifications or adverse remarks.
For shareholders, the key takeaway is the confirmation of a Rs. 0.50 per share dividend for FY25 and clean audit reports, both positive signals. The delayed filing due to a power outage is a minor compliance lapse but unlikely to materially affect the stock, as the substance of the meeting was routine and completed within a short 13-minute duration.