Board Meeting21 May 2026, 08:31 pm
Allcargo Terminals Appoints Shashi Kiran Shetty as Director
AI Summary
Allcargo Terminals Ltd has appointed Mr. Shashi Kiran Shetty as an Additional Non-Executive, Non-Independent Director, subject to member approval. This decision was made during a Board of Directors meeting on May 21, 2026, where the board also approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board also approved the reallocation of amount raised from Rights Issue of the Company and acquisition of 25% stake in Allcargo Group Services Private Limited.
Key Highlights
- Shashi Kiran Shetty appointed as Additional Non-Executive, Non-Independent Director.
- Audited financial results for quarter and year ended March 31, 2026 approved.
- S. R. Batliboi & Associates LLP issued an unmodified opinion on the audited financial results.
- Reconstitution of Nomination and Remuneration Committee and Risk Management Committee approved.
- Reallocation of amount raised from Rights Issue of the Company approved.
Price Impact
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