Sahara Maritime Limited successfully concluded its Extra-Ordinary General Meeting on March 11, 2026, with shareholders approving all four proposed resolutions unanimously. The meeting was held at the company's registered office in Mumbai from 11:00 A.M. to 12:15 P.M., with voting conducted through postal ballot under the scrutiny of M/s. K Pratik & Associates, Practicing Company Secretaries.

Meeting Overview and Participation

The EGM recorded significant shareholder participation with 296 shareholders on the record date of March 4, 2026. The meeting saw attendance from 8 promoter and promoter group members and 1 public shareholder in person, while no shareholders attended through video conferencing. The total shareholding structure comprised 2221050 shares held by promoter and promoter group, and 849600 shares held by public non-institutional investors, totaling 3070650 shares.

Resolution Details and Voting Results

All four resolutions were passed with 100% approval from voting shareholders. The voting was conducted exclusively through postal ballot, as the company is listed on the SME platform of BSE Limited and was not required to provide e-voting facilities.

Resolution 1: Amendment to Memorandum of Association

The special resolution for amendment in the Main Object Clause of the Memorandum of Association received overwhelming support with 2233850 votes polled, representing 72.75% of outstanding shares.

Executive Remuneration and Designation Changes

Three additional resolutions focused on executive compensation and organizational structure changes. Resolution 2 addressed the revision in managerial remuneration of Mr. Sohrab Rustom Sayed, Chairman and Managing Director. Resolution 3 covered the revision in remuneration of Mr. Nadeem Aboobakar Hira, Executive Director. Resolution 4 approved the change in designation of Mr. Khalid Sohrab Sayed (DIN: 09791002) from Non-Executive Director to Executive Director.

Scrutinizer Report and Compliance

Pratik Harshad Kalsariya of K Pratik & Associates, serving as the appointed scrutinizer, confirmed the validity of all voting procedures. The scrutinizer's report highlighted that 5 shareholders attended through proxy and 4 attended in person. The company complied with all regulatory requirements under Section 108 of the Companies Act, 2013, and SEBI LODR Regulations, 2015.

The voting results demonstrate strong shareholder confidence in the company's strategic direction and management decisions. All resolutions received unanimous approval from participating shareholders, reflecting alignment between management proposals and shareholder interests. The company has made the detailed voting results available on its website at www.saharamaritime.com under the investor section.

Sahara Maritime Limited held a comprehensive board meeting on February 16, 2026, addressing multiple strategic and operational matters that require shareholder approval. The meeting, conducted at the company's registered office, resulted in several key decisions that will shape the organization's future direction and leadership structure.

MOA Amendment and Business Expansion

The board approved a significant amendment to the Main Object Clause of the company's Memorandum of Association. The amendment involves adding Clause 4 after the existing Clause 3, substantially expanding the company's business scope. The new clause enables the company to engage in comprehensive trading activities across diverse sectors including agricultural products, industrial goods, petroleum products, engineering equipment, pharmaceuticals, textiles, electronics, and precious metals. This expansion also covers modern business areas such as e-commerce, tele-marketing, and internet portals, positioning the company for broader market participation both domestically and internationally.

Leadership Changes and Remuneration Revisions

The board implemented several important leadership adjustments during the meeting. Key changes include revisions in managerial remuneration for two senior executives and a significant designation change for one director.

Executive Director Appointment Details

Khalid Sohrab Sayed's transition from Non-Executive Director to Executive Director represents a significant organizational development. His appointment as Executive Director is effective for a five-year term from April 1, 2026, to March 31, 2031, with liability to retire by rotation. Sayed brings approximately five years of experience in freight forwarding and operations management, having played a crucial role in handling the company's operation department and implementing strategies to optimize sales performance. Notably, he is the son of Sohrab Rustom Sayed, the company's Promoter, Chairman, and Managing Director.

Extraordinary General Meeting and Governance

To formalize these decisions, the board approved convening an Extraordinary General Meeting on Wednesday, March 11, 2026, at 11:00 AM. The meeting will be held at the company's registered office located at Office No. 105, 106 and 108, Plaza Shopping Centre, 1st Floor, Plot No. 142, Sheriff Devji Street, Chakla Market, Mandvi, Mumbai – 400 003.

The board appointed M/s K Pratik & Associates, Practicing Company Secretary, as scrutinizer to conduct ballot voting and ensure a fair and transparent voting process during the EGM. The notice for the EGM will be distributed to stock exchanges and company members, and will be available on the company's website at www.saharamaritime.com as well as on stock exchange websites.

Meeting Conclusion and Next Steps

The board meeting commenced at 03:00 PM and concluded at 04:15 PM on February 16, 2026. All proposed matters are subject to approval by shareholders through the upcoming EGM and relevant regulatory or statutory authorities as applicable. The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency in corporate governance and stakeholder communication.