Cargosol Logistics Limited's board has approved raising funds up to USD 15 Million through the issuance of Foreign Currency Convertible Bonds (FCCBs). The decision was taken during a board meeting held on July 4, 2026. The capital raise aims to strengthen the company's financial position and will be executed through methods such as preferential issue on a private placement basis or qualified institutional placement, subject to shareholder and regulatory approvals.

The board has also approved the notice for an Extra-Ordinary General Meeting (EGM) scheduled for Friday, July 31, 2026, at 12:00 P.M. via Video Conferencing. The primary agenda is to seek shareholder consent for the proposed FCCB issue. The meeting is necessary as the fund-raising initiative requires the approval of the company's members in accordance with regulatory requirements.

Terms of the Issuance

The FCCBs will be structured as optionally convertible bonds, allowing bondholders the option to convert the instruments into equity shares, either in whole or in part. Key terms such as the conversion price, allotment date, tenure, and maturity date will be mutually decided between the company and the proposed investors, subject to requisite approvals. The company has confirmed there are no existing defaults in payments related to such instruments.

Compliance and Regulatory Disclosures

The disclosures regarding the final terms of the issuance are provided in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant SEBI circulars. The trading window for dealing in the company's securities remains closed for designated persons and will reopen 48 hours after the declaration of the meeting's outcome. Roshan Kishanchand Rohira, Managing Director, signed the regulatory filing on July 4, 2026.

Cargosol Logistics Limited's board has approved raising up to USD 10 Million by issuing Foreign Currency Convertible Bonds (FCCBs) to bolster its financial resources. The decision, taken during a meeting held on June 2, 2026, authorizes the issuance through preferential allotment, Qualified Institutions Placement (QIP), or a combination of methods. This strategic move is subject to necessary approvals from shareholders and regulatory authorities.

The board meeting, conducted via video conferencing at the registered office in Andheri (East), Mumbai, commenced at 03:00 P.M. and concluded at 05:00 P.M. The approval covers both listed and unlisted FCCBs, providing flexibility in the fundraising structure. Detailed disclosures regarding the final terms of the issuance will be submitted to the stock exchanges as and when determined by the board, in compliance with SEBI circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Meeting Details

Fundraising Instruments Approved

The board specifically sanctioned the following instrument:

• Foreign Currency Convertible Bonds (FCCBs) up to USD 10 Million

To ensure compliance with regulatory norms, the trading window for directors, officers, and designated employees remains closed. The window, effective from April 1, 2026, will stay shut until 48 hours after the declaration of the meeting's outcome. The filing was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and signed by Roshan Kishanchand Rohira, Managing Director.