Cargotrans Maritime Limited has announced significant changes in its key managerial personnel following a board meeting held on March 16, 2026. The company has appointed a new Company Secretary and Compliance Officer while accepting the resignation of the incumbent.

Leadership Transition Details

The board meeting, which commenced at 05:30 PM and concluded at 06:00 PM on March 16, 2026, addressed important personnel changes in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Appointee Profile

Ms. Bhoomi Rashmin Naygandhi brings relevant expertise to her new role as Company Secretary and Compliance Officer. She is an Associate Member of the Institute of Company Secretaries of India (ICSI) and possesses proficiency in Company Law and Securities Law compliances. The board has confirmed that she is not debarred from holding the office of Company Secretary and Compliance Officer pursuant to any SEBI order.

Regulatory Compliance and Documentation

The company has ensured full compliance with regulatory requirements by submitting all necessary documentation to BSE Limited. The formal intimation was sent to the Manager – Listing Department at BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The disclosure includes the resignation letter received on March 16, 2026, and updated contact details of Key Managerial Personnel as required under Regulation 30(5) of SEBI Listing Regulations.

The resignation letter submitted by Mr. Mahek Jitendra Kasta (Membership No.: A69586) cited personal reasons for his departure and requested the board to complete necessary formalities including filing of Form DIR-12 with the Ministry of Corporate Affairs.

Key Management Team

Following the appointment, the company's authorized Key Managerial Personnel for determining materiality of events and making disclosures to stock exchanges includes:

The transition ensures continuity in the company's compliance and secretarial functions while maintaining adherence to all regulatory requirements under the Companies Act, 2013 and SEBI regulations. The company operates from its registered office at DBZ-S-124, 1st Floor, Ward 12A, Gandhidham, Kachchh, Gujarat, with port offices at Kandla, Mundra, Pipavav, and Hazira.

Cargotrans Maritime Limited has formally notified BSE Limited about its exemption from corporate governance requirements under SEBI regulations, citing its status as an SME-listed entity. The company communicated this regulatory clarification through an official filing dated January 27, 2026.

Regulatory Exemption Details

The exemption is based on Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which provides specific relief for SME-listed entities. The regulation states that corporate governance provisions specified in regulations 17 to 27, along with clauses (b) to (i) and (t) of sub-regulation (2) of regulation 46 and para C, D and E of Schedule V, shall not apply to listed entities on SME exchanges.

SME Platform Listing Status

Cargotrans Maritime Limited's shares are listed on the BSE SME platform, which automatically qualifies the company for the regulatory exemption. This listing status means the company falls under the category of entities that are not required to comply with standard corporate governance provisions applicable to main board listed companies.

Corporate Governance Reporting Impact

As a direct consequence of this exemption, Cargotrans Maritime Limited is not obligated to submit corporate governance reports for the period ended December 31, 2025. This represents a significant compliance relief for SME-listed entities, allowing them to focus resources on business operations rather than extensive governance reporting requirements.

Company Information

The filing was signed by Edwin Alexander, Director of the company, and submitted to BSE Limited's Listing Department for record purposes. This notification ensures transparency with the stock exchange regarding the company's compliance obligations and regulatory status.