Cargotrans Maritime Ltd — Important, 23-09-2025: Company Update

Cargotrans Maritime Limited has announced changes to its Board of Directors. Mr. Nilesh Gopal Rabadia, a Chartered Accountant with over 20 years of experience, has been appointed as an Additional Independent Director for a five-year term, pending shareholder approval. Concurrently, Mr. Praveen Agarwal has resigned as an Independent Director, citing personal commitments. He will also step down from the Audit and Nomination & Remuneration Committees. These changes update the company's governance structure and bring new expertise to the board.