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Corporate Action14 Aug 2026, 08:32 pm

Allcargo Global Changes Financial Year to Jan-Dec

AI Summary

Allcargo Global Ltd's Board of Directors has approved a change in the company's financial year to align with a January 1 to December 31 calendar year. This strategic move aims to facilitate the consolidation of accounts with its foreign subsidiaries. The proposed change is subject to approval from relevant statutory authorities. Consequently, the financial year beginning April 1, 2026, will now conclude on December 31, 2026, spanning nine months. Future financial years will follow the January-December cycle. This information will be updated on the company's website.

Key Highlights

  • Financial year to change from April-March to January-December.
  • Change aims to simplify consolidation with foreign subsidiaries.
  • Transition period: FY27 will be a 9-month period (Apr-Dec 2026).
  • Subject to approval from statutory authorities.
  • Information to be available on the company website.