Allcargo Terminals Extends Term Sheet with Venkatesh Coke and Power Limited for Land Lease in Chennai

Allcargo Terminals Limited has extended its term sheet with M/s Venkatesh Coke and Power Limited for a proposed lease arrangement of a land parcel in Chennai. The term sheet, originally valid till September 23, 2025, has been extended to October 31, 2025. The lease agreement was executed on September 30, 2025. The annual lease rental is Rs. 9 crores with a 15% escalation rate every three years. The transaction is not related to the promoter/promoter group/group companies.