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.

cargosol logistics has scheduled a meeting of its Board of Directors for May 29, 2026. The primary agenda for the meeting is to consider and approve the standalone and consolidated audited financial results for the second half and the full financial year ended March 31, 2026. The meeting will take place at the company's registered office located at Unit No. 319, 320, 3rd Floor, Lodha Supremus, Mahakali Caves Road, Andheri (East), Mumbai.

Board Meeting Agenda

The board will deliberate on the audited financial results for the period ending March 31, 2026. This includes the review of performance metrics for both the standalone entity and the consolidated financial statements. The agenda also includes a provision to consider any other business with the permission of the chair.

Trading Window Closure

In accordance with regulatory requirements, the company has closed the trading window for its directors, officers, and designated employees. The closure came into effect from April 1, 2026. The window will remain shut and will reopen only after the expiry of 48 hours following the declaration of the standalone and consolidated audited financial results for the financial year ended March 31, 2026.

Key Meeting Details