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Seemax Resources Limited (originally Seemax Automotive Solutions Pvt Ltd, renamed 2018), incorporated 2015 and based in Vadodara, Gujarat, provides Material Handling Equipment (MHE) rental solutions and MHE trading. Fleet of 97 owned MHE units (battery/diesel forklifts, hydra cranes, BOPT, reach trucks) with trained operators and maintenance. Also authorised dealer for global MHE brands. Serves automotive, steel, glass, cement, textiles, logistics, warehousing, ports, construction, aviation and railways sectors. Revenue ₹14.46 Cr (FY25) vs ₹11.41 Cr (FY24); PAT ₹2.24 Cr (FY25) vs ₹1.43 Cr (FY24). Promoters: Amit Naldev Trivedi (MD) and Seema Trivedi. 100% fresh issue of 14,00,000 equity shares, no OFS. Proceeds: ₹10 Cr for MHE capex, ₹3.25 Cr working capital, ₹1.50 Cr debt repayment. Final subscription: 3.62x (individual 1.52x, QIB 17.19x, NII 4.08x). Listed at ₹112.80 (-20.0%), traded down to ₹107.20 (-23.97%) by day's close.