Allcargo Terminals Limited has confirmed that its promoters and persons acting in concert did not encumber their shareholdings during the financial year ended March 31, 2026. The disclosure, made to stock exchanges on April 6, 2026, complies with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory requirement ensures transparency regarding the pledging or hypothecation of shares by key stakeholders.

The declaration was submitted by Shashi Kiran Shetty on behalf of the Promoter & Promoter Group. It explicitly states that no direct or indirect encumbrance was created on the shares of the target company by the promoters or those acting in concert throughout the specified financial year. The filing provides assurance to investors regarding the unencumbered status of the promoter holding.

Promoter and Promoter Group Details

The disclosure encompasses a comprehensive list of individuals and entities classified as promoters or part of the promoter group. The list includes key individuals such as Shashi Kiran Shetty and Arathi Shetty, as well as various group entities like Allcargo Logistics Limited and AGL Warehousing Private Limited.

List of Persons Acting in Concert

Allcargo Terminals Ltd has executed a Shareholders Agreement to acquire a 25% equity stake in Allcargo Group Services Private Limited, a promoter group company, for a total consideration of ₹3,53,680. The agreement, effective July 01, 2026, marks the completion of legal formalities for the acquisition, which will result in Allcargo Group Services Private Limited becoming an associate company of Allcargo Terminals Ltd. This strategic move allows the company to avail corporate and shared centre of excellence services, including finance, HR, legal, IT, procurement, and marketing from the entity.

The acquisition involves the purchase of 2 equity shares, each with a face value of ₹10, at a price of ₹1,76,840 per share. The transaction falls under related party transactions as the counterparties, including Allcargo Global Limited, Allcargo Logistics Limited, and Transindia Real Estate Limited, belong to the promoter group. The company confirmed that the investment was made at arm's length.

The disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that there are no restrictions or liabilities imposed upon it as a result of this agreement.

Transaction Details

The arrangement is aimed at centralizing various corporate functions through the associate company. Following the acquisition, Allcargo Group Services Private Limited will be governed as an associate company under the provisions of the Companies Act, 2013.