Allcargo Terminals appoints Shashi Kiran Shetty as Non-Executive Director
Allcargo Terminals Limited announced the appointment of Shashi Kiran Shetty as a Non-Executive, Non-Independent Director after securing shareholder approval. The resolution passed with 99.93% of votes in favour during the remote e-voting process which ended on June 26, 2026.
*this image is generated using AI for illustrative purposes only.
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.
Historical Stock Returns for Allcargo Terminals - PP
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.91% | -3.81% | -13.67% | -31.33% | -13.14% | -13.14% |
How will Shashi Kiran Shetty's appointment influence Allcargo Terminals' strategic direction over the next fiscal year?
What specific governance expertise will Shetty bring to the board in his role as a Non-Executive, Non-Independent Director?
Could this appointment signal potential future business synergies or cross-collaboration with other Shetty-led entities?
19
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
