Declaration of Voting Results and Scrutinizer''s Report for the 16th Annual Generel Meeting of the Company held on 30th September 2025
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Sahara Maritime Limited announced the voting results of its 16th Annual General Meeting held on 30 September 2025, where all six resolutions were passed with requisite majority. Key items approved include the adoption of audited financial statements for FY ended March 31, 2025, re-appointment of Mr. Khalid Sayed (DIN: 09791002) as a director, appointment of statutory auditors for a five-year term (FY2025-26 to FY2029-30), appointment of M/S G A M P & Co as statutory auditors to fill a casual vacancy caused by the resignation of M/S A Y & Co, and approval of material related party transactions with Alif Air Freight Service for FY 2025-26. Of 278 total shareholders on the record date (23 September 2025), only 5 members attended in person, and voting turnout was 72.19% of outstanding shares for most resolutions, dropping to 6.60% for the related party transaction due to promoter recusal. All resolutions received nearly 100% votes in favour with negligible dissent.
Routine procedural filing — all resolutions passed comfortably, indicating no shareholder unrest. The auditor change (replacing A Y & Co with G A M P & Co due to casual vacancy) and the approved related party transaction with Alif Air Freight Service are worth noting as governance developments. The very low public shareholder participation (0.19% of public non-institutional shares voted) suggests limited retail interest but is typical for a small-cap company.