Sahara Maritime has informed shareholders without registered email addresses that the Integrated Annual Report for FY26 is accessible online. The company also scheduled its 17th Annual General Meeting for September 26, 2026.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Under Regulation 36(1)(b), the company sent letters to members whose email IDs are not registered with the company, depositories, or Registrar and Transfer Agents (RTA). These letters provide the web link to access the annual report and the notice for the AGM.

AGM and Report Access

The 17th AGM is set for Saturday, September 26, 2026, at 2:00 pm. The meeting will be held at the company's registered office in Mumbai. Members with registered emails received electronic copies of the notice and report as per Regulation 36(1)(a).

Shareholders can access the documents through the following links:

Email Registration Process

Members holding shares in demat form can register their email addresses with their respective Depository Participants. Those holding physical shares must contact the RTA, Bigshare Services Private Limited, located in Andheri East, Mumbai.

The company supports the Ministry of Corporate Affairs' green initiative by enabling electronic delivery of documents. Shareholders requesting physical copies of the report may write to the company at its Mumbai office, providing their Folio Number or DP ID and Client ID.

Sahara Maritime Limited reported a net profit of ₹77.71 lakh for the financial year ended March 31, 2026, compared to ₹23.59 lakh in the previous year. The company has also submitted its annual report and issued notice for its 17th Annual General Meeting (AGM), scheduled for September 26, 2026.

Revenue from operations declined 27.7% to ₹1,825.28 lakh from ₹2,524.08 lakh in FY25. The drop was primarily driven by lower freight charges, which fell to ₹1,469.30 lakh from ₹1,958.41 lakh. Despite the revenue contraction, total expenses decreased more sharply to ₹1,731.83 lakh from ₹2,491.03 lakh, supporting improved profitability.

Financial Performance

The company’s profit before tax rose to ₹100.48 lakh from ₹33.28 lakh in the prior year. Total tax expenses amounted to ₹22.77 lakh, including current tax of ₹23.46 lakh. Earnings per share increased to ₹2.53 from ₹0.77.

Operating expenses saw significant reductions. Freight, handling, and servicing costs fell to ₹1,578.99 lakh from ₹2,221.08 lakh. Other expenses dropped sharply to ₹28.49 lakh from ₹128.92 lakh, largely due to a decrease in legal and professional charges from ₹96.36 lakh to ₹5.57 lakh.

Balance Sheet and Cash Position

Cash and cash equivalents surged to ₹693.59 lakh from ₹85.68 lakh at the end of FY25. This increase was driven by strong operating cash flows of ₹613.23 lakh, reversing an outflow of ₹300.38 lakh in the prior year. Trade receivables increased to ₹598.92 lakh from ₹379.70 lakh, while short-term loans and advances declined significantly to ₹19.75 lakh from ₹733.32 lakh.

Total borrowings reduced to ₹46.64 lakh (long-term: ₹29.21 lakh; short-term: ₹17.43 lakh) from ₹100.01 lakh in FY25. The debt-equity ratio improved to 0.04 from 0.08.

Corporate Governance and AGM Agenda

The 17th AGM will address several key corporate governance matters:

• Auditor Re-appointment: Shareholders will vote on the re-appointment of M/s K. K. Jhunjhunwala & Co., Chartered Accountants, as statutory auditors for a five-year term. The firm was appointed effective July 1, 2026, following the resignation of M/s G A M P & Co.
• Director Rotation: Mr Nadeem Aboobakar Hira retires by rotation and offers himself for re-appointment. He holds 10,05,000 equity shares.
• Promoter Reclassification: Approval is sought to reclassify Ms Pramila Rajesh Soni from the promoter group to the public category. She holds 2,01,000 equity shares (6.55% stake). The move aligns with SEBI Listing Regulations, with Ms Soni undertaking not to hold more than 10% voting rights or act as a director for three years.

Compliance Update

The board noted a delay in appointing a Company Secretary as Compliance Officer. Ms Ramdulari Saini was appointed effective July 1, 2026, rectifying the non-compliance. A fine of ₹1,07,380 was paid to the exchange on September 3, 2026.

What the Numbers Show

The divergence between revenue decline and profit growth highlights significant cost efficiency gains in FY26. While revenue fell nearly 28%, other expenses contracted by over 78%, reducing the drag on margins. Additionally, the sharp reduction in short-term advances (from ₹733.32 lakh to ₹19.75 lakh) alongside a rise in cash balances suggests improved working capital management and liquidity positioning.