Cargotrans Maritime Limited declared a dividend of ₹0.70 per equity share for the financial year ended March 31, 2026. The payout represents a 7% return on the face value of ₹10 per share and was approved by shareholders during the company's 13th Annual General Meeting (AGM).

The AGM was conducted on Monday, September 28, 2026, through Video Conferencing (VC) and Other Audio-Visual Means (OAVM), in compliance with directives from the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI). Edwin Alexander, Chairman of the board, presided over the meeting which commenced at 4:00 pm.

Key Resolutions Passed

Shareholders adopted the audited standalone and consolidated financial statements for FY26. The notice convening the meeting stated that the Auditors' report and Secretarial Auditors' Report did not contain any qualification or adverse remarks.

The following resolutions were transacted:

• Adoption of Financial Statements: Approval of audited standalone and consolidated financial statements for FY26.
• Dividend Declaration: Approval of dividend at ₹0.70 per equity share (7%) on fully paid-up equity shares of ₹10 each.
• Director Reappointment: Reappointment of Edwin Alexander (DIN: 05211513) as a director retiring by rotation.
• Independent Director: Reappointment of Udayan Menon (DIN: 08168666) as an Independent Director via special resolution.
• Related Party Transactions: Approval of related party transactions.

Voting and Compliance Details

The company provided remote e-voting facilities to members from Friday, September 25, 2026, at 10:00 am to Sunday, September 27, 2026, at 5:00 pm. Members present virtually were also permitted to vote during the meeting. Vivek Vasani, Proprietor of M/s. V N Vasani & Associates, served as the scrutinizer for the voting process.

The combined results of the remote e-voting and e-voting conducted during the AGM will be announced within two working days of the meeting's conclusion, upon receipt of the scrutinizer's report. The meeting concluded at 4:11 pm with a vote of thanks.

Cargotrans Maritime has fixed September 21, 2026, as the record date for determining shareholders eligible for the final dividend for FY26. The Board recommended a dividend of ₹0.70 per equity share, subject to shareholder approval at the 13th Annual General Meeting (AGM) scheduled for September 28, 2026.

The company will close its register of members from September 22 to September 27, 2026. Remote e-voting for the AGM will be available from September 25 to September 27, 2026. The meeting will be held via video conference or other audio-visual means.

Dividend Details

Shareholders whose names appear in the depository records as beneficial owners at the end of business hours on Monday, September 21, 2026, will be eligible for the dividend. The payout represents a 7% return on the face value of ₹10 per share, an increase from ₹0.50 per share in the previous year.

The dividend will be paid within 30 days from the date of the AGM. The book closure period runs from Tuesday, September 22, 2026, to Sunday, September 27, 2026.

Financial Performance

For FY26, the company reported a standalone revenue from operations of ₹9,718.75 million, up from ₹7,967.38 million in the prior year. Standalone profit after tax (PAT) rose to ₹282.07 million, compared to ₹246.24 million previously.

On a consolidated basis, revenue grew to ₹11,070.97 million from ₹8,747.20 million. Consolidated PAT increased to ₹535.18 million, up from ₹342.81 million in the previous fiscal year.

What the Numbers Show

The divergence between standalone and consolidated results highlights the contribution of subsidiaries to the group's profitability. While standalone PAT grew by approximately 14.5%, consolidated PAT surged by roughly 56.1%. This suggests that the group's subsidiaries, including Cargotrans Maritime Agencies Private Limited and Cargotrans Lines Pte Ltd, generated disproportionate profit growth relative to the holding company during the period.

Corporate Actions

Shareholders will vote on the re-appointment of Mr. Edwin Alexander as a director and Mr. Udayan Menon as an Independent Director for a five-year term ending September 9, 2032. The meeting will also seek approval for related party transactions with entities such as Cargotrans Maritime Agencies Private Limited and Cargotrans Lines Pte Ltd.

The company raised equity capital during the year through a preferential allotment of 1,241,666 shares at a premium of ₹110 per share. Additionally, it issued 1,650,000 convertible warrants at ₹120 each. The authorized share capital was increased to ₹800 million.