Sahara Maritime auditor resigns citing pre-occupation

Sahara Maritime Limited statutory auditor M/s G A M P & Co. has resigned effective May 28, 2026, citing pre-occupation in other professional engagements and ongoing assignments. The firm stated it is unable to devote adequate time and resources to the affairs of the company. The resignation was intimated to BSE Limited on May 29, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The auditor confirmed there are no concerns regarding the management of Sahara Maritime Limited and no material reason for the resignation. Consequently, the Audit Committee did not deliberate on the resignation, and the disclosure of its views is not applicable. The company has attached the resignation letter and necessary disclosures as required by SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The Audit Committee and the Board will consider the appointment of new statutory auditors in due course to fill the casual vacancy. Sahara Maritime Limited stated it will intimate the exchange regarding the new appointment once finalized.

Resignation Details

The following table outlines the key particulars regarding the auditor change:

Sr. No.	Particulars	Information
1.	Name of the Company	Sahara Maritime Limited
2.	Name of Auditor	M/s. G A M P & Co.
3.	Reason for Change	Resignation due to pre-occupation in other professional engagements and ongoing assignments.
4.	Effective Date of resignation	May 28, 2026
5.	Brief profile	Not Applicable
6.	Disclosure of relationships between directors	Not Applicable

The resignation letter, signed by Partner Diwanshu Goyal, requested the Board to file necessary forms with the Registrar of Companies and other regulatory authorities under the provisions of the Companies Act, 2013. The firm further confirmed that no other reasons or concerns were connected with the resignation apart from the stated pre-occupation.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.27%	+0.27%	-12.86%	-47.71%	-56.94%	-77.45%

Sahara Maritime Limited reported a net profit of ₹77.71 lakh for the financial year ended March 31, 2026, a significant increase from ₹23.59 lakh in the previous year. Revenue from operations for FY26 stood at ₹1,825.28 lakh, compared to ₹2,524.08 lakh in FY25. The company's board approved the standalone audited financial results for the year and half-year ended March 31, 2026, at a meeting held on May 27, 2026.

The statutory auditor, M/s. G A M P & Co., issued an unmodified opinion on the audited financial results. The board also reviewed the company's performance and declared the trading window closure period. The trading window, which closed on April 1, 2026, is scheduled to reopen on May 29, 2026, after the declaration of results.

Financial Performance

The company's total income for FY26 was ₹1,832.31 lakh, down from ₹2,524.31 lakh in the previous year. Total expenses decreased to ₹1,731.83 lakh from ₹2,491.03 lakh in FY25. Profit before tax for the year was ₹100.48 lakh, compared to ₹33.28 lakh in the prior year. Basic earnings per share (EPS) for FY26 increased to ₹2.53 from ₹0.77 in FY25.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from Operations	1,825.28	2,524.08
Total Income	1,832.31	2,524.31
Total Expenses	1,731.83	2,491.03
Profit Before Tax	100.48	33.28
Net Profit	77.71	23.59
Basic EPS	2.53	0.77

Assets and Liabilities

As of March 31, 2026, the company's total assets were ₹1,397.31 lakh, slightly lower than ₹1,401.82 lakh in the previous year. Shareholders' funds increased to ₹1,255.20 lakh from ₹1,177.49 lakh. Cash and cash equivalents surged to ₹693.59 lakh from ₹85.68 lakh, while trade receivables rose to ₹598.92 lakh from ₹379.70 lakh.

Regulatory Disclosures

Sahara Maritime confirmed that the provisions of Regulation 23(9) regarding related party transactions and Regulation 24A regarding the Annual Secretarial Compliance Report are not applicable, as the company is listed on the SME Platform of BSE Limited. The company also stated there was no deviation or variation in the utilization of funds raised through its public issue.