Cargotrans Maritime News

Cargotrans Maritime Limited Shareholders Approve Capital Increase and Preferential Share Issue

Cargotrans Maritime Limited shareholders passed all resolutions at their Extra-Ordinary General Meeting held on November 26, 2025, including authorization to increase share capital and approve preferential issue of up to 15,46,500 equity shares to public category investors. The company also received approval for issuing up to 16,50,000 warrants convertible into equity shares to promoter group and public category, along with appointment of Nilesh Gopal Rabadia as Independent Director.

Cargotrans Maritime Reports Strong Half-Year Performance with 24% Revenue Growth

Cargotrans Maritime Limited posted revenue of Rs. 4,879.26 lakhs for the half-year ended September 30, 2025, up from Rs. 3,934.33 lakhs in the same period last year, with net profit increasing to Rs. 163.94 lakhs from Rs. 118.95 lakhs. The company's consolidated results showed even stronger performance with revenue reaching Rs. 5,532.25 lakhs and net profit of Rs. 250.42 lakhs, reflecting improved operational efficiency across its maritime and logistics operations.

Cargo Trans Maritime Limited Calls EGM for Share Capital Increase and Preferential Issue

Cargo Trans Maritime Limited has scheduled an Extra-Ordinary General Meeting for November 26, 2025, to seek shareholder approval for four key resolutions. The company proposes to increase its authorized share capital from Rs. 5 crore to Rs. 8 crore, comprising 80 lakh equity shares of Rs. 10 each. Additionally, the company seeks approval for a preferential issue of 15.46 lakh equity shares at Rs. 120 per share to public category investors, raising Rs. 18.56 crore. The company also plans 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 meeting will also consider the appointment of Nilesh Gopal Rabadia as an Independent Director for a five-year term. The relevant date for pricing calculations is October 27, 2025, and the proceeds will be used for subsidiary investments, business expansion, debt repayment, and working capital requirements.