Allcargo Logistics Limited has secured shareholder approval to re-appoint Mr. Sivaraman Narayanaswami as an Independent Director for a one-year term. The resolution, passed through a postal ballot process that concluded on May 27, 2026, received overwhelming support with 99.93% of valid votes cast in favour. This re-appointment ensures continuity in the company's governance structure as Mr. Narayanaswami begins his second term from May 4, 2026, to May 3, 2027.

The postal ballot was conducted under the provisions of Section 110 read with Section 108 of the Companies Act, 2013. The remote e-voting process commenced on April 28, 2026, and concluded on May 27, 2026. A total of 720,106,909 votes were cast in favour of the special resolution, while 469,449 votes were against it. The scrutinizer's report confirmed that the resolution was passed with the requisite majority.

Voting Breakdown

The voting results were categorised by shareholder type, with the Promoter and Promoter Group casting 590,361,024 votes in favour and zero against. Public Institutions and Public Non-Institutions also participated, contributing significantly to the overall approval.

Scrutinizer Certification

Dhrumil M. Shah & Co. LLP, Practising Company Secretaries, served as the scrutinizer for the postal ballot. The firm verified the e-voting process conducted by the National Securities Depository Limited (NSDL). The report confirmed that the electronic voting systems were secure and that the reconciliation of votes was carried out with the Registrar and Transfer Agent, MUFG Intime India Private Limited. The results were unblocked and witnessed on May 27, 2026, at 05:03 PM.

The re-appointment of Mr. Sivaraman Narayanaswami (DIN: 00001747) was based on the recommendation of the Governance & Nomination and Remuneration Committee and the approval of the Board of Directors. The special resolution authorises the Board and the Company Secretary to take all necessary actions to give effect to this appointment.

Allcargo Logistics Limited has released the transcript of its earnings conference call for the fourth quarter and financial year ended March 31, 2026. The management discussed the financial performance, operational highlights, and strategic initiatives undertaken during the year. The company reported a healthy growth in profitability driven by operational efficiency and strategic pricing measures, despite a challenging global environment.

Financial Performance

For the full year FY26, Allcargo Logistics reported a revenue of INR2,058 crores, registering a growth of 5% over the previous year. The EBITDA for the year stood at INR233 crores, reflecting a robust growth of 16% year-on-year, with EBITDA margins improving to 11%. On a quarterly basis, revenue for Q4 FY26 stood at INR514 crores compared to INR513 crores in the corresponding period last year. EBITDA for the quarter was reported at INR60 crores, a strong 41% growth from the previous year.

Segment Performance

The Express division reported a revenue of INR362 crores for the quarter, compared to INR343 crores in the same period last year. For the full year, Express business revenue stood at INR1,442 crores. The company handled a total volume of 3 lakh metric tons under the Express business unit during the quarter, with a realization per metric ton increasing by 3% year-on-year to INR12,037. The Consultative Logistics business saw revenue for Q4 FY26 at INR151 crores, growing 3% year-on-year. On a full-year basis, revenue for this segment stood at INR615 crores, registering a healthy growth of 17% year-on-year. The total warehouse space under management stood at 8 million square feet as of March 2026.

Strategic Initiatives

Management highlighted that the integration of Express and Consultative Logistics divisions is largely complete, contributing to cost rationalization and efficiency gains. The company implemented several pricing measures, including metro congestion charges and extended reach charges for specific pin codes, which improved yields. Allcargo Logistics also strengthened its leadership team by onboarding a Chief of Operations and a Chief of Sales for the Express division. Looking ahead, the company expects EBITDA and PBT to grow ahead of revenue in the coming quarters, focusing on efficiency-led profitable growth.