Allcargo Terminals Limited has notified the stock exchanges of an upcoming Board of Directors meeting, scheduled for Thursday, May 21, 2026. The intimation has been filed pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The primary purpose of the board meeting is the approval of the company's audited financial results for the quarter and financial year ended March 31, 2026. The following key items are on the agenda:

Trading Window Closure

In accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's Share Dealing Code, the trading window for dealing in the securities of Allcargo Terminals Limited has been closed. The closure period and relevant details are as follows:

The trading window restriction applies to all designated persons and is a standard regulatory measure ahead of the announcement of financial results to prevent insider trading.

Regulatory Compliance

The board meeting intimation has been filed with both BSE Limited and the National Stock Exchange of India Limited as required under the applicable listing regulations. The company has stated that the relevant information will also be made available on its official website at www.allcargoterminals.com . The filing was signed by Malav Talati, Company Secretary and Compliance Officer (Membership No: A59947), from Mumbai, on May 15, 2026.

Allcargo Terminals Limited, along with its unlisted wholly owned subsidiary Speedy Multimodes Limited, has received a Notice of Demand under Section 156 of the Income-tax Act, 1961, pursuant to an assessment order issued by the Income Tax Department. The notice was received on May 13, 2026, and pertains to the block period from 01.04.2018 to 05.04.2025. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tax Demand Details

The assessment order was passed under Section 158BC of the Income-tax Act, 1961, covering the specified block period. The total tax demand raised across both entities amounts to Rs. 53,03,89,321. The table below presents a breakdown of the demand by entity:

The alleged contravention cited by the Income Tax Department is non-disclosure of income.

Nature of the Demand and Company's Position

Out of the total demand of Rs. 53,03,89,321, an amount of Rs. 49,12,94,793 pertains to the disallowance of deduction claimed under Section 80IA of the Income-tax Act, 1961 for Assessment Years 2023-24 to 2025-26. The issue relates to a long-standing interpretational matter concerning the eligibility of deduction in respect of the company's CFS business undertaking.

Allcargo Terminals has noted that similar issues arising in earlier years in the case of the predecessor entity have been adjudicated favourably at the appellate stages, including relief granted by the Commissioner of Income Tax (Appeals). The company has stated that the deduction claimed is in accordance with the applicable provisions of law and is supported by judicial precedents, and is accordingly pursuing appropriate legal remedies.

In respect of the balance demand amounting to Rs. 3,90,94,527, the company is in the process of examining the order in detail and shall pursue such legal remedies as may be considered appropriate.

Operational and Financial Impact

Allcargo Terminals has clarified that the aforementioned matter does not have any impact on the operations, business continuity, or underlying financial position of the company. The intimation has been filed pursuant to Regulation 30 read with Schedule III of the Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The disclosure has also been uploaded on the company's website.