Submission of Voting result of Extra Ordinary General Meeting of the Company
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Awaiting price reaction for this filing.
Cargotrans Maritime held an EGM on 26 November 2025 via video conferencing, where all 4 resolutions were passed with 100% votes in favour and zero votes against. Total votes polled were 35,44,500 out of 46,80,000 outstanding shares (75.74% turnout). Key approvals include: (1) increasing the authorised share capital and amending the MoA, (2) preferential issue of up to 15,46,500 equity shares to public-category persons, (3) preferential issue of up to 16,50,000 convertible warrants to promoter group and public, and (4) appointment of Mr. Nilesh Gopal Rabadia as Independent Director. Only 24 shareholders participated in voting out of 299 on the record date, with the promoter group (holding 31,80,000 shares, ~68% stake) voting unanimously in favour.
Existing public shareholders may see dilution of their stake due to the combined preferential issue and warrant conversion (up to ~31,96,500 new equity shares potential), but the resolutions were a formality given promoters' controlling stake. The stock may attract short-term attention due to the capital expansion plans, though no fundraising price or timing has been disclosed in this filing.