Cargotrans Maritime Limited has announced the Board of Directors' approval for incorporating two new subsidiary companies, marking a strategic expansion in the shipping and logistics sector. The decision was made during a board meeting held on March 20, 2026, from 6:30 PM to 7:30 PM.

New Subsidiary Companies Formation

The board has approved the formation of two distinct entities to strengthen the company's market position:

Business Focus and Strategic Objectives

Both new entities will operate in the same industry vertical as the parent company, focusing on shipping, liner, and logistics operations. The subsidiary company, Cargotrans Liquid & Bulk Agencies Private Limited, will engage in service activities incidental to water transportation, while the wholly owned subsidiary, Alltrans Logitech Limited, will focus on sea and coastal freight water transport.

Financial Structure and Investment

The formation involves cash consideration through equity share subscription. For the subsidiary company, Cargotrans Maritime Limited will subscribe to 8,500 equity shares at Rs. 10 each, totaling Rs. 85,000 out of the total share capital of Rs. 100,000. The wholly owned subsidiary will see complete ownership with Cargotrans Maritime Limited subscribing to all 10,000 equity shares.

Regulatory Compliance and Related Party Transactions

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both newly incorporated companies will be classified as related parties of Cargotrans Maritime Limited post-incorporation. The promoters and promoter group will have interest in these entities proportionate to their shareholding in the reporting company.

Strategic Impact

This expansion strategy aims to broaden Cargotrans Maritime Limited's international presence while maintaining focus on its core competencies in shipping, liner, and logistics services. The formation of specialized subsidiaries is expected to enhance the company's operational capabilities and market reach in the maritime transportation sector.

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.