Allcargo Terminals Limited announced the resignation of Mr. Vaishnavkiran Shetty from the position of Non-Executive, Non-Independent Director, effective from the close of business hours on June 8, 2026. The resignation was submitted due to pre-occupation and other professional commitments, as stated in the regulatory filing. This change impacts the board composition of the company.

The disclosure was made to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the resignation letter has been received and the necessary details have been furnished under the SEBI Master Circular dated January 30, 2026.

Mr. Vaishnavkiran Shetty expressed gratitude for the opportunity to serve on the board and contribute to the company's growth and governance. He appreciated the support from fellow board members and the management team during his tenure. The company has updated its records and made the information available on its website.

Details of Resignation

The following table outlines the key details regarding the director's cessation:

The filing was signed by Malav Mayank Talati, Company Secretary & Compliance Officer of Allcargo Terminals Limited. The resignation is effective immediately as of the specified date.

allcargo terminals - pp has initiated a postal ballot process to seek shareholder approval for the appointment of a new director. The company proposes to appoint Mr Shashi Kiran Shetty (DIN: 00012754) as a Non-Executive, Non-Independent Director through an ordinary resolution.

The resolution will be decided exclusively via remote e-voting, complying with the provisions of Section 108 and Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has emailed the postal ballot notice and explanatory statement to members whose shares were registered as of the cut-off date of May 22, 2026.

Voting Schedule and Process

The remote e-voting facility, managed by NSDL, will be open from Thursday, May 28, 2026, at 9:00 a.m. IST to Friday, June 26, 2026, at 5:00 p.m. IST. The company has specified that no votes will be accepted after this deadline. Physical copies of the notice and postal ballot forms are not being dispatched; all communication regarding assent or dissent must occur through the electronic system.

Oversight and Availability

The Board of Directors has appointed Mr Vaibhav Dandawate and Ms. Deepali Kukarni, partners of M/s Makarand M. Joshi & Co., as scrutinizers to ensure the postal ballot is conducted fairly. The results will be communicated to the BSE and NSE stock exchanges and displayed on the NSDL and company websites.