Cargo Trans Maritime Limited Plans Share Capital Boost and Preferential Issue

Cargotrans Maritime , a prominent player in the maritime logistics sector, has announced plans for significant corporate actions aimed at strengthening its capital structure and fueling growth. The company has scheduled an Extra-Ordinary General Meeting (EGM) for November 26, 2025, to seek shareholder approval for four key resolutions.

Proposed Capital Increase

The company proposes to increase its authorized share capital from Rs. 5 crore to Rs. 8 crore. This expansion will comprise 80 lakh equity shares of Rs. 10 each, providing Cargotrans Maritime with greater flexibility for future capital raising initiatives.

Preferential Issue of Equity Shares and Warrants

Cargotrans Maritime is seeking approval for two separate preferential issues:

1. Equity Shares: The company plans to issue 15.46 lakh equity shares at Rs. 120 per share to public category investors, aiming to raise Rs. 18.56 crore.

2. Convertible Warrants: Additionally, the company intends to issue 16.50 lakh convertible warrants at Rs. 120 each to promoter group and public category investors, potentially raising Rs. 19.80 crore. Each warrant can be converted into one equity share within 18 months.

The details of the proposed preferential issues are summarized in the table below:

Use of Proceeds

The company plans to utilize the funds raised for:

• Investments in subsidiaries
• Business expansion
• Debt repayment
• Working capital requirements

Appointment of Independent Director

The EGM will also consider the appointment of Nilesh Gopal Rabadia as an Independent Director for a five-year term. Mr. Rabadia, a Chartered Accountant with over 20 years of experience in private and public listed companies, is expected to bring valuable financial expertise to the board.

Pricing and Compliance

The issue price of Rs. 120 per share for both equity shares and warrants has been determined in accordance with SEBI regulations. The relevant date for pricing calculations is October 27, 2025.

Impact on Shareholding

Post-issuance, assuming full conversion of warrants, the promoter shareholding is expected to decrease from 67.95% to 44.20%, while public shareholding will increase from 32.05% to 55.80%.

Cargotrans Maritime's proposed actions signal its intent to strengthen its financial position and pursue growth opportunities. Shareholders will have the opportunity to vote on these resolutions at the upcoming EGM, which will be conducted through video conferencing or other audio-visual means in compliance with regulatory guidelines.

The company has emphasized that the preferential issue will be made in accordance with SEBI regulations and other applicable laws. The allotment of securities is expected to be completed within 15 days from the date of passing the special resolution, subject to necessary approvals.

As Cargotrans Maritime moves forward with these strategic initiatives, market observers will be keenly watching the impact on the company's growth trajectory and market position in the maritime logistics sector.