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 audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were also approved. The board also approved the reconstitution of board committees and reallocation of rights issue funds.
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.
- Board committees reconstituted: Nomination & Remuneration, Risk Management.
- Reallocation of funds raised from the Rights Issue approved.
- Acquisition of 25% stake in Allcargo Group Services Private Limited approved.
Price Impact
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