Performance Seemax Resources

About Seemax Resources

Seemax Resources Limited provides material handling equipment (MHE) rental and trading services to industries such as automotive, steel, glass, cement, textiles, warehousing and logistics, retail, construction, aviation, and railways. The company’s rental solutions business includes the deployment of equipment along with operator support and maintenance services. Its fleet comprises battery forklifts, diesel forklifts, Hydra cranes, battery-operated pallet trucks (BOPT), and reach trucks. As of December 31, 2025, the company owned and operated a fleet of 97 MHE units. In addition to equipment rentals, Seemax Resources is engaged in the trading of material handling equipment sourced from global manufacturers through authorised dealership arrangements. The company also provides customised equipment solutions based on customer requirements. Revenue is generated from equipment rentals and the sale of material handling equipment. The company primarily operates in Gujarat and has its registered office located in Vadodara, Gujarat. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Capital expenditure towards purchase of material handling equipment – Rs 10 crore Repayment or prepayment, in full or in part, of borrowings availed by the company from banks and financial institutions – Rs 1.5 crore Long-term working capital requirements of the company – Rs 3.25 crore General corporate purposes

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