Allcargo Terminals Ltd

Allcargo Terminals Ltd announced the resignation of Mr. Vaishnavkiran Shetty from his position as Non-Executive, Non-Independent Director. The resignation is effective from the close of business hours on June 8, 2026. Mr. Shetty cited pre-occupation and other professional commitments as the reasons for his departure. The company has submitted the necessary disclosures as per SEBI regulations and made the information available on its website.

Allcargo Terminals Ltd announced the resignation of Mr. Vaishnavkiran Shetty from his position as Non-Executive, Non-Independent Director. The resignation is effective from the close of business hours on June 8, 2026. Mr. Shetty cited pre-occupation and other professional commitments as the reasons for his departure. The company has provided the necessary disclosures as per SEBI regulations and made the information available on its website.

Allcargo Terminals Ltd reported a 46% year-on-year increase in net profit, reaching ₹44 crore in FY26. EBITDA grew by 26% to ₹162 crore, and volumes increased by 7% to 7.23 lakh TEUs. The company expanded capacity at JNPT facilities and commenced construction of a PFT-ICD at Farukhnagar. Managing Director Suresh Kumar R highlighted the company's progress and strategic priorities.

Allcargo Terminals Ltd's board approved the acquisition of a 25% stake in Allcargo Group Services Private Limited, a related party, equivalent to 2 equity shares. The board also approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with an unmodified opinion from S. R. Batliboi & Associates LLP. Additionally, Mr. Shashi Kiran Shetty was appointed as an Additional Non-Executive, Non-Independent Director, subject to member approval. The board meeting, which commenced at 3:20 p.m. (IST) and concluded at 6:00 p.m. (IST), also included the reconstitution of board committees and reallocation of funds from the Rights Issue.

Allcargo Terminals Ltd reports no deviation or variation in the utilization of funds raised through preferential issue of convertible warrants (₹38.28 Crores) and rights issue (₹19.89 Crores) for the quarter ended March 31, 2026. Funds from the preferential issue were utilized in the quarter ended December 31, 2025, while funds from the rights issue are parked in fixed deposits.

Allcargo Terminals Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. S. R. Batliboi & Associates LLP issued an unmodified opinion on the audited financial results. The board also approved the appointment of Mr. Shashi Kiran Shetty as an Additional Non-Executive, Non-Independent Director, subject to member approval. Reconstitution of Nomination and Remuneration Committee and Risk Management Committee and reallocation of amount raised from Rights Issue were also approved. Additionally, the acquisition of 25% stake in Allcargo Group Services Private Limited was approved.

Allcargo Terminals Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. S. R. Batliboi & Associates LLP issued an unmodified opinion on the audited financial results. The board also approved the appointment of Mr. Shashi Kiran Shetty as an Additional Non-Executive, Non-Independent Director, subject to member approval, reconstituted board committees, reallocated funds from the Rights Issue, and approved the acquisition of a 25% stake in Allcargo Group Services Private Limited.

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.

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.

Allcargo Terminals Ltd has amended the vesting schedule of its ATL CEO Employee Stock Option Plan 2025. The Nomination and Remuneration Committee approved the revised schedule on May 20, 2026. As per the revised schedule, 80% of the options will vest at the end of one year from the grant date (May 2027), 0% at the end of two years (May 2028), and 20% at the end of three years (May 2029). The company states this is a one-time rationalization and not detrimental to the grantee.