Seemax Resources Ltd

Seemax Resources Limited informed the BSE Limited that its Board of Directors approved the notice for the 10th Annual General Meeting (“AGM”) and Director’s Report, scheduling the meeting for Wednesday, 23rd September, 2026, at 05:00 P.M. through Video Conferences (“VC”) / Other Audio-Visual Means (“OAVM”).

Seemax Resources Limited announced the appointment of M/s. Jay Pandya & Associates, Company Secretaries of Ahmedabad (FRN: S2024GJ963300), as Secretarial Auditor for the financial year 2025-26, and M/s. Keyur Patel & Co. Chartered Accountant of Vadodara (FRN: 126346W) as the Internal Auditor for the financial year 2026-27, during a board meeting held on August 22, 2026.

Seemax Resources will hold a meeting of the Board of Directors of the Company on 27 July 2026.

The scrip was listed at Rs 112, a 20.57% discount to the initial public offer (IPO) price. The stock is currently down 4.29% over its listing price. The counter hit a high of Rs 112.80 and a low of Rs 107.20. About 9.45 lakh shares of the company changed hands at the counter. Seemax Resources' IPO was subscribed 3.48 times. The issue opened for bidding on 30 June 2026 and it closed on 02 July 2026. The price band of the IPO was fixed between Rs 134 to Rs 141 per share. The IPO comprised a fresh issue of 14 lakh shares. The promoter and promoter shareholding diluted to 68.18% from 100% pre-IPO. The company intends to utilise the net proceeds for capital expenditure towards the purchase of material handling equipment, repayment or prepayment, in full or in part, of borrowings availed from banks and financial institutions, funding long-term working capital requirements, and general corporate purposes. Seemax Resources provides material handling equipment solutions through the trading, rental, leasing, maintenance and servicing of forklifts, cranes, stackers, reach trucks, pallet trucks, container handling equipment and other industrial machinery. The company serves industries including automotive, steel, glass, cement, textiles, engineering, warehousing and logistics, retail, ports, construction, aviation and railways. It offers end-to-end solutions for material movement and warehouse operations to improve efficiency and productivity, and has evolved from an automotive-focused business into a diversified industrial equipment solutions provider. As of 31 March 2026, the company had a total employee strength of 179, comprising engineers, technicians, operators, site supervisors, and administrative personnel. The company recorded revenue from operations of Rs 11.49 crore and net profit of Rs 2.24 crore for the period ended 31 December 2025. Powered by Capital Market - Live