Cargosol Logistics appointed Charmi Monil Shah as an Additional Director and Non-Executive Independent Director effective September 29, 2026.

The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee. The decision was taken during a board meeting held on Tuesday, September 29, 2026, which commenced at 4:00 pm and concluded at 4:30 pm.

Appointment terms and regulatory compliance

Shah has been appointed as an Independent Director for a term of 5 years, not liable to retire by rotation. This appointment is subject to the approval of the shareholders in accordance with regulatory requirements.

The company disclosed that Shah satisfies the criteria of independence prescribed under the Companies Act, 2013, and SEBI Listing Regulations. She is not related to any director of the company and is not debarred from holding the office of director by any SEBI order or other authority.

Professional background

Shah brings 12 years of experience in audit and surveillance of franchisee and branch operations. Her expertise includes ensuring compliance, streamlining processes, and driving operational excellence within corporate structures.

The intimation was filed with BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also made the disclosure available on its official website.

Cargosol Logistics Limited shareholders approved all five resolutions proposed at the 16th Annual General Meeting (AGM) held on September 24, 2026. The company disclosed the consolidated voting results and the Scrutinizer's Report to BSE Limited, confirming that resolutions regarding borrowing powers, investments, and related party transactions passed with the requisite majority.

The meeting authorized an increase in the limit for making investments, loans, guarantees, and advances up to ₹500 crore, surpassing thresholds under Section 186 of the Companies Act, 2013. Additionally, shareholders passed an ordinary resolution to raise the cap on related party transactions to ₹250 crore. A special resolution to increase the borrowing power up to ₹500 crore, exceeding limits specified under Section 180(1)(c) of the Companies Act, 2013, was also approved.

Key resolutions passed

The AGM considered and approved five agenda items, including the adoption of financial statements and director re-appointments. The voting results for the specific financial limits are detailed below:

Meeting proceedings and governance

The Annual General Meeting was conducted via video conferencing and other audio-visual means, commencing at 2:00 pm and concluding at 2:06 pm. Managing Director Roshan Kishanchand Rohira chaired the session, noting that the Auditor's Report contained no qualifications or adverse comments on the company's financial transactions for the year ended March 31, 2026.

Mrs. Stalgy Muliyl (DIN: 06417315), Non-Executive Director, was re-appointed as she retired by rotation under Section 152(6) of the Companies Act, 2013. Remote e-voting facilities were provided from September 21 to September 23, 2026, with electronic voting available during the meeting.

Voting participation details

The disclosure highlights the participation levels across different shareholder categories. As on the record date of September 17, 2026, the total number of shareholders stood at 332. Voting was conducted through remote e-voting and electronic polling during the meeting.

For the adoption of financial statements (Agenda 1), promoters and promoter group members voted in favor with 7,503,600 shares, representing 100% of their holding. Public non-institutional shareholders participated with 144,000 votes polled out of their total holding of 2,696,400 shares, resulting in a participation rate of 5.34%. All votes cast were in favor of the resolution, with zero votes against.

Similar voting patterns were observed for the special resolutions regarding borrowing and investment limits. Promoter group support remained at 100%, while public non-institutional shareholders recorded a 5.34% participation rate, all voting in favor. The re-appointment of Mrs. Stalgy Muliyl also saw unanimous support from those who voted, with promoters holding a stake in the resolution as noted in the agenda details.

Scrutinizer's report and compliance

Pursuant to Regulation 30 and 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted the consolidated results of remote e-voting and e-voting along with the Scrutinizer's Report. Priti Nikhil Jajodia, Practicing Company Secretary, served as the Scrutinizer for the remote e-voting and electronic voting processes conducted in accordance with Section 108 of the Companies Act, 2013.