Allcargo Terminals acquires 25% stake in Allcargo Group Services

allcargo terminals - pp executed a Shareholders Agreement on July 01, 2026, to acquire a 25% equity stake in Allcargo Group Services Private Limited (AGSPL) for a total consideration of ₹3,53,680. The acquisition, which was previously intimated to the exchanges on May 21, 2026, will result in AGSPL becoming an associate company of Allcargo Terminals upon completion of legal formalities. The transaction is classified as a related party transaction and has been conducted at arm’s length.

The purpose of the agreement is to avail corporate and shared centre of excellence services from AGSPL. These services include finance, human resources, legal, information technology, procurement, marketing and communication, and administration. The counterparties involved in the agreement include Allcargo Global Limited, Allcargo Logistics Limited, and Transindia Real Estate Limited, all of which fall under the Promoter Group.

The acquisition involves the purchase of two equity shares, each with a face value of ₹10, at a price of ₹1,76,840 per share. The total cost of acquisition amounts to ₹3,53,680. The transaction is structured to ensure that Allcargo Terminals acquires a 25% stake in AGSPL, thereby making it an associate company in accordance with the provisions of the Companies Act, 2013.

The disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details of the agreement, including the nature of the transaction and the parties involved, have been furnished to the stock exchanges as required under the SEBI Master Circular dated January 30, 2026.

Key Transaction Details

Particulars	Details
Target Company	Allcargo Group Services Private Limited
Stake Acquired	25%
Total Consideration	₹3,53,680
Number of Shares	2
Face Value per Share	₹10
Issue Price per Share	₹1,76,840
Date of Agreement	July 01, 2026
Transaction Type	Related Party Transaction (Arm’s Length)

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.91%	-3.81%	-13.67%	-31.33%	-13.14%	-13.14%

Allcargo Terminals Limited has appointed Shashi Kiran Shetty as a Non-Executive, Non-Independent Director following approval from shareholders through a postal ballot. The resolution was passed on Friday, June 26, 2026, the last date of the e-voting period, with an overwhelming majority supporting the appointment.

The voting results indicate that 99.93% of the total votes polled were in favour of the resolution. The appointment was classified as an ordinary resolution and required approval from the members of the company. The record date for determining eligibility was May 22, 2026.

Voting Results Summary

The remote e-voting process, managed by National Securities Depository Limited (NSDL), saw participation from promoters, public institutions, and non-institutional shareholders. The scrutinizer's report confirmed the validity of the votes cast.

Category	Shares Held	Votes Polled	Votes in Favour	Votes Against	% in Favour
Promoter and Promoter Group	165,902,939	165,902,939	165,902,939	0	100.00
Public Institutions	14,088,387	13,462,426	13,338,626	123,800	99.08
Public Non-Institutions	72,068,998	7,769,819	7,757,584	12,235	99.84
Total	252,060,324	187,135,184	186,999,149	136,035	99.93

Procedural Details

The postal ballot notice was sent to shareholders on May 26, 2026. The e-voting period commenced on May 28, 2026, and concluded on June 26, 2026. Vaibhav Dandawate, Partner of M/s. Makarand M. Joshi & Co., served as the scrutinizer for the voting process.

The resolution was deemed passed on June 26, 2026. The company confirmed that no invalid votes were cast and that voting rights for shares transferred to the Investor Education and Protection Fund (IEPF) remained frozen. The results were submitted to BSE Limited and National Stock Exchange of India Limited on June 29, 2026.