Shareholders of cargosol logistics approved a special resolution to raise funds through the issuance of Foreign Currency Convertible Bonds (FCCBs) at an Extraordinary General Meeting (EGM) held on July 31, 2026. The approval marks a key step in the company’s capital structure strategy, allowing it to access foreign currency debt instruments for potential expansion or refinancing needs. The resolution was passed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The EGM was conducted via Video Conferencing/Other Audio-Visual Means (OAVM) at 12:00 p.m. IST, as permitted by circulars from the Ministry of Corporate Affairs and SEBI. Managing Director Roshan Kishanchand Rohira welcomed members and outlined the voting procedures. Remote e-voting commenced on July 28, 2026, at 9:00 a.m. and concluded on July 30, 2026, at 5:00 p.m. Members who had not voted remotely were also able to cast their votes electronically during the meeting and for 30 minutes afterward.

Samuel Janathan Muliyl served as Chairman of the meeting, confirming that the requisite quorum was present. He introduced the directors and scrutinizer to the shareholders before proceeding with the agenda. The sole item of business was the approval of the FCCB issuance, which was placed before members based on the notice dated July 4, 2026. The special resolution was transacted and approved by the attending members.

Mrs. Priti Jajodia, proprietor of Jajodia and Associates, Practicing Company Secretaries, was appointed as the scrutinizer to oversee the e-voting process. Her role ensured that the voting mechanism remained fair, transparent, and compliant with regulatory standards. The final vote counts, including both remote e-votes and votes cast during the meeting, were disseminated to stock exchanges after the submission of the scrutinizer’s report. Results were also uploaded to the company’s website for public access.

The meeting concluded at 12:05 p.m., with Chairman Samuel Janathan Muliyl extending thanks to members, directors, and the scrutinizer. The approval of the FCCB issuance provides Cargosol Logistics with a structured avenue to raise capital in foreign currencies, potentially offering favorable interest rates or longer tenors compared to domestic debt options. This move aligns with broader corporate strategies to optimize funding costs and enhance financial flexibility.

Cargosol Logistics Limited has fixed Friday, July 24, 2026, as the record date to determine shareholder eligibility for its Extra-Ordinary General Meeting (EOGM) scheduled for Friday, July 31, 2026. The meeting will be held via video conferencing at 12:00 noon IST to seek shareholder approval for raising up to USD 15 Million through Foreign Currency Convertible Bonds (FCCBs). The funds are intended to expand global operations, establish presence in overseas markets, and support capital expenditure or acquisitions.

Pursuant to Regulation 42 of the SEBI Listing Regulations, the Register of Members and Share Transfer Books of the company will remain closed from Saturday, July 25, 2026, to Friday, July 31, 2026 (both days inclusive). The Board of Directors approved the proposal on July 4, 2026, subject to shareholder and regulatory consents. The issuance will be executed through private placement or other permissible methods, with terms such as conversion price and tenure to be decided later.

EOGM and Voting Details

Shareholders as on the record date are eligible to vote. Remote e-voting will be available from Tuesday, July 28, 2026 (09:00 a.m.) to Thursday, July 30, 2026 (05:00 p.m.). Members can also vote during the EOGM. The venue for the meeting is deemed to be the company's registered office in Andheri (East), Mumbai.

Regulatory Disclosures

The disclosures are provided in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The corrigendum to the EOGM notice was issued to include the Explanatory Statement pursuant to Section 102 of the Companies Act, 2013. Roshan Kishanchand Rohira, Managing Director, signed the regulatory filing.