allcargo terminals has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Shashi Kiran Shetty as a Non-Executive, Non-Independent Director under the promoter category. The resolution, if passed, will regularize his position as an Additional Director appointed by the Board on May 21, 2026. Shareholder consent is required within three months of the appointment date in compliance with Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors approved the appointment based on the recommendations of the Nomination and Remuneration Committee. Mr. Shetty, the Founder and Chairman of Allcargo Group, brings over two decades of experience in the logistics sector. The company has received the requisite consent and eligibility declarations from him, including Forms DIR-2 and DIR-8, confirming he is not debarred from holding the office of Director.

Postal Ballot Schedule

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting facility. Shareholders registered as of the cut-off date are eligible to participate. The notice has been sent electronically to members whose email addresses are registered with the company or depositories. Physical copies of the notice have not been dispatched in line with Ministry of Corporate Affairs circulars promoting the Green Initiative.

Director Profile and Shareholding

Mr. Shashi Kiran Shetty holds 14,63,58,071 fully paid equity shares and 2,70,39,842 partly paid equity shares in the company as of May 21, 2026. His other directorships include roles at Allcargo Logistics Limited, AGL Warehousing Private Limited, and Allcargo Global Limited. The Board recommends the resolution for approval by the members.

Allcargo Terminals Limited has released its audited financial results for the quarter and year ended March 31, 2026. The company reported a consolidated net profit of ₹44 crore for the financial year 2025-26, compared to ₹30 crore in the previous year, reflecting a year-on-year growth of 46%. EBITDA increased to ₹162 crore, a 26% rise from the previous year. Annual volumes grew to 7.23 lakh TEUs, representing a 7% year-on-year increase.

Financial Performance

For the quarter ended March 31, 2026, Allcargo Terminals delivered a strong operational performance. Consolidated revenue for the quarter came in at ₹208 crore, compared to ₹186 crore in the same period last year. EBITDA rose to ₹44 crore from ₹33.5 crore in the corresponding quarter of the previous year. The company reported a consolidated net profit of ₹9 crore for the quarter, reversing a net loss of ₹2.4 crore recorded in the year-ago period.

The following table summarises the key quarterly and annual metrics:

On a standalone basis, the company reported a net profit of ₹39.70 crore for FY26, down from ₹52.95 crore in the previous year. Standalone income from operations for the year increased to ₹564.20 crore from ₹513.71 crore.

Strategic Updates

Suresh Kumar R, Managing Director, highlighted that FY26 was a year of strong progress supported by India's growing EXIM momentum. The company enhanced capacity at one of its two JNPT facilities and secured a ten-year extension for the other. Construction of the PFT-ICD at Farukhnagar also commenced in Q4 FY26.

Future Outlook

The company outlined its aspiration for 2030, targeting a volume of 1 million TEUs, revenue of ₹1,400 crore, and EBITDA of ₹275 crore. This growth is expected to be powered by an asset-right approach, geographic expansion into northern India, and the development of a rail-linked ICD in Farukhnagar. Cumulative CAPEX for expansion projects is estimated at ₹400+ crores.

Board Decisions

The Board appointed Mr. Shashi Kiran Shetty as an Additional Non-Executive, Non-Independent Director, subject to shareholder approval. The Board also approved the reconstitution of the Nomination and Remuneration Committee and the Risk Management Committee. Additionally, a sum of ₹14.92 crore from Rights Issue proceeds was reallocated towards expanding container storage and handling capacity.