Sahara Maritime Limited announced the resignation of Stallone Gonsalves from his position as Company Secretary and Compliance Officer. The departure, effective October 11, 2025, comes as Gonsalves pursues new career opportunities outside the organization.

Resignation Details

According to the company's filing with the BSE, Gonsalves submitted his resignation on September 30, 2025. The Board of Directors acknowledged his decision during a meeting held on the same day. As per the official communication, Gonsalves will be relieved from his duties at the close of business hours on October 11, 2025.

Company's Response

Sahara Maritime's Managing Director, Sohrab Rustom Sayed, signed the regulatory filing, which stated that the company is actively seeking a suitable replacement for the position. The maritime logistics firm has committed to informing the stock exchanges once the vacancy is filled.

Regulatory Compliance

The company's announcement adheres to Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sahara Maritime has provided the necessary details as required under these regulations, including the reason for the change and the effective date of cessation.

Recent Corporate Events

Coincidentally, Sahara Maritime Limited held its 16th Annual General Meeting (AGM) on September 30, 2025, the same day Gonsalves submitted his resignation. The AGM, which took place at the company's registered office in Mumbai, covered various ordinary and special business matters, including the adoption of financial statements and the appointment of auditors.

As Sahara Maritime navigates this transition in its key managerial personnel, stakeholders will be watching closely for announcements regarding Gonsalves' successor in the crucial role of Company Secretary and Compliance Officer.

Sahara Maritime Limited has announced a significant change in its statutory auditors, as approved by the company's board of directors during a meeting held on September 11, 2025. The board has accepted the resignation of the current auditors, M/s A Y & Company, and approved the appointment of M/s G A M P & Co as their replacement, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Key Developments

• Auditor Resignation: M/s A Y & Company, Chartered Accountants (Firm Registration No. 020829C), tendered their resignation on September 9, 2025, citing pre-occupation with other assignments. They were originally appointed for a five-year term at the 13th AGM held on September 30, 2022.

• New Auditor Appointment: The board has approved the appointment of M/s G A M P & Co, Chartered Accountants (Firm Registration No. 031165N), as the new statutory auditors to fill the casual vacancy.

• Term of Appointment: Subject to shareholder approval, M/s G A M P & Co will serve for a period of five consecutive years, from the conclusion of the upcoming 16th AGM until the conclusion of the 21st AGM to be held in 2030.

Addendum to AGM Notice

The board has also approved an addendum to the notice of the 16th Annual General Meeting, scheduled for September 30, 2025. The addendum includes two new agenda items:

1. Appointment of M/s G A M P & Co as statutory auditors for a five-year term.
2. Appointment of M/s G A M P & Co as statutory auditors to fill the casual vacancy caused by the resignation of M/s A Y & Company.

About the New Auditors

M/s G A M P & Co, established in 2017, is a chartered accountancy firm focused on delivering quality services to clients, people, and society through excellence. The firm offers a comprehensive range of services, including audit and assurance, risk management, tax consultancy, and corporate advisory.

Regulatory Compliance

Sahara Maritime has made the necessary disclosures to the BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information about the change in auditors, including the reasons for the change and a brief profile of the new auditors.

The appointment of M/s G A M P & Co as the new statutory auditors marks a significant change for Sahara Maritime Limited. Shareholders will have the opportunity to vote on this appointment at the upcoming AGM, ensuring continued financial oversight and compliance for the company.