Intimation regarding the 16th Annual General Meeting of the Company, scheduled to be held on Tuesday, September 30, 2025, along with the Notice of Annual General Meeting and the Annual ....
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Sahara Maritime Limited has notified the BSE about its 16th Annual General Meeting scheduled for Tuesday, September 30, 2025 at 3:00 PM IST, held at the registered office in Mandvi, Mumbai. The company has circulated the Annual Report for FY 2024-25 along with the AGM notice electronically to shareholders. Key business items at the AGM include adoption of audited financial statements, re-appointment of Mr. Khalid Sayed (DIN: 09791002) as director by rotation, appointment of M/s K Pratik & Associates as Secretarial Auditors for a 5-year term (FY 2025-26 to FY 2029-30), and approval for material related party transactions with Alif Air Freight Service (a partnership firm where two directors are partners) up to Rs. 10 crore, which represents 40% of the company's annual consolidated turnover. For FY 2024-25, revenue from operations jumped to Rs. 2,530 lakhs from Rs. 1,350.48 lakhs, but net profit declined sharply to Rs. 23.59 lakhs from Rs. 77.98 lakhs, with EPS falling to Rs. 0.77 from Rs. 3.17. No dividend has been declared.
Despite a near-doubling of revenue in FY 2024-25, profit margins have compressed significantly, raising concerns about operational efficiency and cost pressures. The material related party transaction worth Rs. 10 crore (40% of turnover) with a related partnership firm warrants shareholder attention as it is substantial. The stock trades on the BSE-SME platform with limited liquidity, and AGM outcomes will set the tone for shareholder confidence.