Allcargo Logistics Limited has filed its monitoring agency report for Q3FY26, detailing the utilization of proceeds from its Qualified Institutions Placement (QIP) for the quarter ended December 31, 2025. The report, prepared by ICRA Limited as the monitoring agency, confirms compliance with regulatory requirements under SEBI Listing Regulations.

QIP Issue Details and Utilization Status

The company raised ₹169.28 crore through its QIP conducted between June 24-27, 2024, with net proceeds of ₹161.12 crore after excluding issue-related expenses. As of December 31, 2025, the utilization status shows significant progress in fund deployment.

Object-wise Fund Deployment

The QIP proceeds were allocated across four specific objects, with varying levels of utilization achieved during the reporting period.

The company has fully utilized the allocation for debt repayment in its material subsidiary, while other objects remain pending implementation as per the original timeline extending through Fiscal 2026.

Deployment of Unutilized Proceeds

The company has prudently deployed its unutilized funds of ₹60.62 crore in fixed deposits with ICICI Bank and account balances with IndusInd Bank. The deployment strategy focuses on capital preservation while earning reasonable returns.

Fixed Deposit Portfolio

• Total Fixed Deposits: ₹64.20 crore across 15 deposits with ICICI Bank
• Interest Rates: Ranging from 3.50% to 6.25%
• Maturity Periods: Various dates between January 2025 and July 2026
• Total Earnings: ₹1.33 crore in interest income
• Bank Account Balances: ₹0.61 crore across monitoring accounts

General Corporate Purpose Utilization

Under the General Corporate Purpose category, the company has utilized ₹0.50 crore across three specific areas:

• Vehicle Painting Expenses: ₹0.44 crore (utilized in Q4 FY2025)
• Professional Services: ₹0.06 crore (utilized in Q1 and Q2 FY2026)

Compliance and Monitoring Agency Assessment

ICRA Limited, serving as the monitoring agency, has confirmed no deviation from the objects of the issue. The report states that utilization of issuance proceeds remains in line with the original disclosures in the offer document. All regulatory requirements under Regulation 32 of SEBI Listing Obligations have been met, with no material deviations requiring shareholder approval.

The monitoring agency noted that the remaining objects are expected to be completed by the end of Fiscal 2026, as per the company's original timeline disclosed in the placement document.

Allcargo Logistics announced its quarterly financial results for Q3FY26 following the Board of Directors meeting held on February 5, 2026. The company reported revenue from operations of ₹516 crores for the quarter ended December 31, 2025, with improved loss performance compared to the previous year.

Q3FY26 Financial Performance

The company's standalone financial results showed revenue from operations of ₹516 crores for Q3FY26, compared to ₹518 crores in Q3FY25. The company reported a net loss of ₹1 crore for the quarter, representing a significant improvement from the loss of ₹7 crores in the corresponding quarter of the previous year.

Nine Months Performance

For the nine months ended December 31, 2025, the company demonstrated improved revenue performance with operations reaching ₹1,544 crores compared to ₹1,448 crores in the corresponding period of the previous year. The company achieved a net profit of ₹4 crores for the nine-month period, compared to ₹14 crores in the previous year.

Board Decisions and Corporate Actions

The Board of Directors meeting, which commenced at 3:50 PM IST on February 5, 2026, and concluded at 12:20 AM IST on February 6, 2026, approved the unaudited standalone and consolidated financial results. The board also re-constituted the Risk Management, Finance, Strategy and Legal Committee with the following composition:

Regulatory Compliance and Business Operations

The financial results were prepared in accordance with Indian Accounting Standard 34 and reviewed by MSKC & Associates LLP, the company's statutory auditors. The auditors issued an unqualified review report, noting compliance with SEBI Listing Regulations requirements.

The company maintains its focus on domestic logistics services including express delivery and warehousing, while discontinuing its fuel stations business. The results reflect the impact of the composite scheme of arrangement involving business restructuring that was approved by the National Company Law Tribunal on October 10, 2025.