Global Ocean Logistics India Ltd. Board Approves Key Initiatives

Global Ocean Logistics India Ltd. Board Approves Key Initiatives​

Global Ocean Logistics India Ltd. announced several key approvals following a board meeting held on March 31, 2026. The board authorized a blanket approval for the purchase of fixed assets up to a limit of Rs. 1 Crore during the financial year.

The company received board approval for related party transactions, contingent upon approval from the Audit Committee. The board also approved entering into a revised agreement with Kfin Technologies Limited to serve as the company’s Registrar and Transfer Agent following the company’s listing.

The board approved borrowings, loans, and investments within the limits prescribed under the Companies Act, 2013 and other applicable laws, authorizing management to execute relevant documents. The board also authorized contracts and agreements to support ongoing and future growth.

Additionally, the board noted that the company did not spend the Corporate Social Responsibility (CSR) amount for the financial year and will transfer the unspent amount to a separate "Unspent CSR Account" within 30 days. The board also gave in-principle approval to evaluate potential merger or acquisition opportunities, subject to due diligence and approvals.

The company confirmed that proceeds from the Initial Public Offering (IPO) have been fully utilized for the purposes disclosed in the Offer Document, with no unutilized proceeds remaining as of the date.


The board meeting commenced at 11:00 AM and concluded at 3:00 PM.

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