Allcargo Logistics Limited has initiated a postal ballot process to secure member approval for the appointment of Vijay Nehra as its Managing Director and Chief Executive Officer. The proposal includes his regularization as a director and the ratification of his remuneration package for the upcoming tenure.

The e-voting period for the special resolutions commenced on October 24, 2026, and will conclude on November 22, 2026. Members holding shares as of the cut-off date, October 16, 2026, are eligible to cast their votes electronically through the National Securities Depository Limited (NSDL) platform. The resolutions seek approval under Section 110 of the Companies Act, 2013, and relevant SEBI listing regulations.

Appointment terms and tenure

The board of directors recommended Nehra’s appointment based on the recommendation of the Governance, Nomination and Remuneration Committee. He was initially appointed as an Additional Director (Executive, Non-Independent) with effect from October 1, 2026. During the interim period until December 31, 2026, he serves as the Chief Transformation Officer and MD Designate while holding office as a director.

The proposed MD and CEO role is for a fixed term of five consecutive years, commencing January 1, 2027, and ending December 31, 2031. The appointment is liable to retire by rotation in accordance with statutory provisions. In the event of inadequate profits in any financial year during his tenure, the remuneration payable shall be subject to the minimum remuneration provisions of Schedule V of the Act.

Remuneration structure

The proposed compensation package comprises a basic salary and other components totaling ₹3.5 crore per annum. This amount includes gratuity, employer contributions to provident funds, and allowances. Annual increments will be determined by the board based on performance evaluations.

In addition to fixed pay, Nehra is eligible for variable pay linked to performance ratings:

He is also eligible for a grant of up to 3 million equity shares under the Employee Stock Option Scheme at an exercise price of ₹2 per share. These options vest over four years in equal annual tranches of 25% each, subject to applicable regulations and scheme terms.

Professional background

Vijay Nehra brings extensive experience in general management, business transformation, and supply chain operations across financial services, pharmaceuticals, FMCG, and technology sectors. Prior to joining Allcargo, he served as CEO of Ozone Pharmaceuticals Group, where he led organizational restructuring and private equity engagement. He previously held the position of Chief Operating Officer at RattanIndia Enterprises Limited and senior roles within the Indiabulls Group.

Nehra holds a Post Graduate Programme in Management from the Indian School of Business, Hyderabad, and a Bachelor of Nautical Sciences from T.S. Chanakya, University of Mumbai. His professional journey began as a Master Mariner/Merchant Ship Captain.

Financial context

The company’s standalone financial performance reflects recent volatility. Sales grew from ₹1,633 crore in FY24 to ₹2,058 crore in FY26. However, profit after tax declined significantly from ₹203 crore in FY24 to ₹5 crore in FY26.

The explanatory statement attributes the dip in profitability to higher operating costs associated with service quality improvements in the Express Business segment and elevated finance costs from earlier borrowings. The company notes that it has since fully repaid long-term borrowings to reduce this burden. Strategic shifts toward improving yields through General Price Increases and optimizing the customer portfolio in Consultative Logistics are cited as measures to restore profitability.

Allcargo Logistics has reduced its month-end close time by 30% by migrating financial processes to Oracle Fusion Cloud Applications. The logistics major standardized core business functions on a single integrated platform to enhance governance and operational visibility.

The company, which operates over 700 facilities in India, moved away from legacy on-premises systems to support growth across e-commerce, automobile, and pharmaceutical sectors. The implementation was managed by Oracle PartnerNetwork partner Grant Thornton Bharat.

Operational efficiency gains

By adopting Oracle Fusion Cloud Enterprise Resource Planning (ERP), Allcargo Logistics automated routine tasks and strengthened controls. The platform now supports more than 4,000 users and over 700 operating units, providing a foundation for AI-driven process simplification.

Sanjay Khiyani, chief information officer at Allcargo Logistics, stated that digital transformation is central to the company's long-term growth strategy. The move aims to reduce manual work while improving financial reporting accuracy.

Scope of digital integration

The deployment includes Oracle Fusion Cloud Procurement, enabling end-to-end automation of purchasing activities. This provides teams with a consistent view of spending across distributed operations.

Shailesh Singla, vice president of Cloud Applications at Oracle India, noted that the solution helps logistics providers manage dynamic supply chains by automating routine work, allowing staff to focus on strategic decisions.

About Allcargo Logistics

Allcargo Logistics Limited offers integrated logistics solutions including Express Distribution, Air Freight, E-commerce Logistics, and First and Last Mile Delivery. The company has a nationwide network covering 100% of India's districts and is committed to achieving 100% carbon neutrality by 2040.