Allcargo Terminals Limited has secured shareholder approval to appoint Mr Shashi Kiran Shetty as a Non-Executive, Non-Independent Director following a postal ballot process. The resolution, which required an ordinary majority, was passed with 99.93% of the votes polled in favour, marking a significant governance update for the company.

The remote e-voting process, conducted in accordance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced on May 28, 2026, and concluded on June 26, 2026. A total of 187,135,184 votes were polled, representing 74.24% of the company's total outstanding shares. The appointment was deemed to be passed on the last date of the e-voting period.

Mr Vaibhav Dandawate, Partner of M/s. Makarand M. Joshi & Co., served as the scrutinizer for the postal ballot. The voting results were submitted to the stock exchanges on June 29, 2026, confirming that the requisite majority had been achieved for the special business. The company had appointed National Securities Depository Limited (NSDL) as the agency providing the remote e-voting facility.

The detailed voting breakdown reveals strong support across all shareholder categories. The Promoter and Promoter Group cast 165,902,939 votes, all in favour of the resolution. Public Institutions and Public Non-Institutions also voted overwhelmingly in favour, with 99.08% and 99.84% approval rates respectively within their categories.

Voting Results Summary

The record date for determining the eligibility of shareholders was May 22, 2026. The company confirmed that there were no invalid votes cast during the process. The results and the scrutinizer's report are available on the company's website.

Allcargo Terminals Limited has confirmed that its promoters and persons acting in concert have not created any encumbrance on their shareholdings during the financial year ended March 31, 2026. This disclosure ensures that the share capital held by the promoter group remains free from charges such as pledges or liens, providing stability to the company's ownership structure. The declaration was submitted to BSE Limited and National Stock Exchange of India Limited on April 03, 2026.

The filing was made in compliance with Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Shashi Kiran Shetty, on behalf of the Promoter & Promoter Group, affirmed that no direct or indirect encumbrance was made on the shares of the target company during the specified period. The declaration covers all individuals and entities listed as promoters or belonging to the promoter group.

The list of promoters includes Shashi Kiran Shetty jointly with Arathi Shetty, and Adarsh Sudhakar Hegde jointly with Priya Hegde. The promoter group comprises numerous entities, including Allcargo Logistics Limited, AGL Warehousing Private Limited, and Contech Logistics Solutions Private Limited. Other significant entities in the promoter group include Allcargo Global Limited, TransIndia Logistics Park Private Limited, and ECU Worldwide N.V.

The following table details the individuals and entities classified under the promoter and promoter group categories:

The declaration was signed and submitted by Shashi Kiran Shetty from Mangaluru. The document serves as a formal confirmation to the exchanges regarding the status of the promoter holdings.