Cargosol Logistics Ltd

UK subsidiary incorporation

• Incorporation of a wholly-owned UK subsidiary named Cargosol UK Limited.
• Approved by the Registrar of Companies for England and Wales.
• Incorporated on 12 October 2026.
• Object is to undertake logistics business and allied activities.
• Consideration is subscription to ordinary shares, resulting in 100% ownership.
• Subsidiary will be wholly owned by Cargosol Logistics Limited.

Appointments

• Appointed Mrs. Charmi Monil Shah as Additional Director designated Non-Executive Independent Director, effective September 29, 2026.
• Term as Independent Director is five years, not liable to retire by rotation, pending shareholder approval.
• Profile notes 12 years in audit and franchise operations, ensuring compliance and operational excellence.
• Independence confirmed; not related to any director and not debarred.
• Subject to shareholders' approval as per regulatory requirements.

Cargosol Logistics Ltd — Closure of Trading Window from Thursday, 01st October, 2026 till completion of 48 hours after the declaration of Unaudited Financial Results for the Half Year ended 30th September, 2026 generally made available to the public

AGM Details

• AGM held on 24 September 2026 via VC/OAVM at 2:00 PM IST.
• Quorum met; cut-off date for voting eligibility was 17 September 2026.
• Consolidated voting results showed all resolutions passed.

Resolutions and outcomes

• Ordinary: Adopt audited standalone and consolidated financial statements; passed with 100% assent.
• Ordinary: Re-appoint non-executive director by rotation; passed with 100% assent.
• Special: Increase limit for investments, loans, guarantees, and advances; passed with 100% assent.
• Ordinary: Increase limit for related party transactions; passed with 100% assent.
• Special: Increase borrowing power limit; passed with 100% assent.

Director changes

• Non-executive director re-appointed by rotation.

Material related party transactions

• Increase in related party transaction limit approved.

AGM Details

• Date of AGM: 24 September 2026.
• Mode: VC/OAVM.
• Record date: 17 September 2026.
• Total shareholders on record: 332.
• Promoter attendance: 3; Public attendance: 4.
• Scrutiniser appointed: Practising Company Secretary.

Resolutions and outcomes

• Agenda 1 (Ordinary): Adopt financial statements and reports; passed.
• Agenda 2 (Ordinary): Re-appoint director retiring by rotation; passed.
• Agenda 3 (Special): Investments/loans/guarantees/securities up to Rs 500 crore; passed.
• Agenda 4 (Special): Related party transactions up to Rs 250 crore; passed.
• Agenda 5 (Special): Borrowing powers up to Rs 500 crore; passed.

Auditor & governance notes

• Auditor appointments: no changes disclosed.

AGM Details

• AGM held on 24 Sep 2026 via VC/OAVM; started 02:00 PM, concluded 02:06 PM.

Key Resolutions

• Ordinary: Adoption of audited standalone and consolidated financial statements with reports.
• Ordinary: Re-appointment of Mrs. Stalgy Muliyil; retires by rotation.
• Special: Increase in limit up to Rs. 500 crores for investments/loans/guarantee/advances.
• Ordinary: Increase in limit up to Rs. 250 crores for related party transactions.
• Special: Increase in limit up to Rs. 500 crores for borrowing power under section 180(1)(c).

Voting Results

• All resolutions approved by shareholders.
• No dissent or failed resolutions reported.

Auditor Status

• Auditor's Report had no qualification, observation, or comments.

Material Related Party Transactions

• Increase in RPT limit up to Rs 250 crores approved.

Order details

• Acquittal order issued by Metropolitan Legal Services Authority Lok Adalat, Hyderabad (domestic).
• Recipients: Cargosol Logistics Pvt Limited, Samuel Muliyil, and Roshan Rohira.
• Order date: 7 August 2026; sections cited: 406 and 420 IPC.
• Impact: no material impact on financial or operational activities.

Internal Auditor Reappointment

• Board approved reappointment of Nitesh Wankhade as Internal Auditor for FY 2026-27.
• Date of reappointment: 11 August 2026; term for FY 2026-27 on mutually agreed terms.
• Auditor profile: Practicing Chartered Accountant with 7+ years in audits and compliance.
• No related party relationship between auditor and directors or KMP.
• Board meeting held on 11 August 2026 from 4:00 to 4:30 PM.

Key board decisions

• Appointed Internal Auditor of the company.
• Noted and taken on record the Secretarial Audit Report for FY 2025-26.
• Approved the record date for closure of register of members and transfer books for AGM.
• Authorized Company Secretary to conduct AGM and handle poll and e-voting.
• Approved up to Rs. 500 crore limit for investments, loans, guarantees and advances, pending AGM shareholder approval.
• Approved up to Rs. 250 crore cap on Related Party Transactions, subject to AGM approvals.
• Approved up to Rs. 500 crore borrowing power, subject to AGM approvals.
• Approved and adopted Directors' Report with MD&A and Corporate Governance for FY 2025-26.
• Approved the Notice of AGM.
• Approved and authorized Directors and authorized representatives to attend the investee company's AGM.
• Approved appointment of Scrutinizer M/s Jajodia & Associates for e-voting.