Vaishnavkiran Shetty has resigned from the position of Non-Executive, Non-Independent Director of allcargo terminals effective June 8, 2026. The resignation, attributed to pre-occupation and other professional commitments, was intimated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The cessation of directorship occurred at the close of business hours on June 8, 2026. The company disclosed that the resignation letter from Mr. Shetty, bearing DIN 07077444, has been received and recorded. The necessary details were furnished to the exchanges in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Resignation Details

The following table outlines the key particulars regarding the change in directorship:

In his resignation letter addressed to the Board of Directors, Mr. Shetty expressed gratitude for the opportunity to serve 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 stated that the information is also available on its website.

Allcargo Terminals Limited reported a 46% increase in net profit to INR44 crores for the financial year ended March 31, 2026, driven by record annual volumes and disciplined yield management. The company handled 723,035 TEUs during FY26, a growth of 6% year-on-year, while revenue rose 8% to INR821 crores. EBITDA for the year stood at INR162 crores, registering a 26% growth, supported by capacity expansion and improved operating leverage.

Financial Performance

For the fourth quarter of FY26, the company handled a total volume of 179,631 TEUs, reflecting a 7% growth over Q4 FY25. Revenue for the quarter stood at INR208 crores, up 12% year-on-year, while EBITDA increased 31% to INR44 crores. The EBITDA margin expanded to 21.2% in Q4 FY26 from 18% in the corresponding period of the previous year. Net profit for the quarter was INR9 crores, compared to a loss in Q4 FY25.

Strategic Outlook

Management highlighted that FY26 was a year of strong progress towards the company's three-year ambition. The company secured a 10-year extension for one of its JNPT facilities and commenced construction of a PFT-ICD at Farrukhnagar in Q4 FY26. Looking ahead, Allcargo Terminals remains on course to achieve its target of 1 million laden TEUs by FY28. The company has outlined a capacity ambition of around 12.5 lakh to 13 lakh laden TEUs by FY 2030, driven by the India growth story and its own capacity buildup.

Capital Allocation and Expansion

The company has a capital expenditure plan of INR400 crores for various expansion projects. Key allocations include INR226 crores for the Farrukhnagar project and INR20 crores for the upgradation of the JNPT Speedy facility. The balance is allocated towards expansion projects in Chennai and Mundra. Financing for the capex will be met through existing cash flows, equity raises, and bank financing restricted to around INR100 crores. The company stated it is debt-free in terms of external borrowings, with liabilities on the balance sheet primarily comprising lease obligations under Ind AS 116.

Operational Metrics

The company continues to focus on improving EBITDA per TEU, which stood at INR2,200 to INR2,300 levels for the year. Management expects to maintain this trajectory, with a target to reach INR2,800 per TEU by 2030, aided by the addition of the rail-linked ICD at Farrukhnagar and scale efficiencies from capacity expansions.