Allcargo Logistics Limited has announced a significant corporate restructuring move, as the National Company Law Tribunal (NCLT) Mumbai Bench sanctioned a Composite Scheme of Arrangement involving the company and its subsidiaries on October 10, 2025.

Key Details of the Arrangement

The sanctioned scheme involves multiple entities within the Allcargo group:

The arrangement encompasses mergers, demergers, and restructuring under Sections 230 to 232 of the Companies Act, 2013. This move is expected to streamline operations and potentially enhance synergies within the Allcargo group.

Regulatory Compliance and Next Steps

Allcargo Logistics has duly informed the stock exchanges about this development, adhering to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is currently awaiting the certified copy of the NCLT order along with the sanctioned scheme.

In its communication to the stock exchanges, Allcargo Logistics stated that once received, the certified copy of the order and the sanctioned scheme will be uploaded on the company's official website ( www.allcargologistics.com ) for public access.

Implications and Outlook

While the specific details of how this arrangement will impact the company's operations are yet to be disclosed, such corporate actions often aim at improving operational efficiency, consolidating resources, and creating more focused business units. Shareholders and market participants will likely be keen to analyze the full implications of this restructuring once the complete details are made available.

As this development unfolds, it will be crucial to monitor how Allcargo Logistics implements this sanctioned scheme and what strategic benefits it may bring to the company and its various subsidiaries in the logistics and supply chain sector.

Investors and stakeholders are advised to keep an eye on further announcements from the company for a more comprehensive understanding of this corporate action and its potential impact on the group's future performance and structure.

Allcargo Logistics Limited , a prominent player in the logistics sector, has found itself embroiled in a complex legal situation involving its wholly-owned subsidiary, ALX Shipping Agencies India Private Limited (ALX). The company has taken a significant step by filing a criminal complaint against its own CEO and a customer, alleging a conspiracy that has potentially exposed ALX to a substantial financial liability.

The Complaint

ALX has lodged a complaint with the Economic Offences Wing (EOW) in Mumbai, targeting two individuals:

1. Sandeep Bakshi, CEO of ALX
2. Vishal Mehta, owner of Rushabh Sealink and Logistics Pvt. Ltd., a customer of Aladin Express DMCC (for which ALX acts as an exclusive agent)

The complaint alleges a criminal conspiracy involving unauthorized agreements that created a Rs 10.00 crore liability for ALX related to freight advances paid to shipping lines.

Allegations and Internal Investigation

According to the company's statement, ALX conducted an internal investigation following the receipt of a legal notice from Vishal Mehta demanding substantial monetary claims. The preliminary findings revealed irregularities that point to a potential collusion between Bakshi and Mehta.

The accused individuals are alleged to have:

• Deliberately attempted to make ALX liable for payments to Rushabh Sealink and Logistics
• Signed agreements resulting in a liability of Rs 10.00 crore without proper authority or validity
• Engaged in acts that ALX considers as amounting to criminal conspiracy

Legal Actions

The complaint filed by ALX seeks initiation of appropriate criminal proceedings against the accused under Sections 61, 316 read with Section 3(5) of the Bharatiya Nyaya Sanhita, 2023. Additionally, ALX has requested authorities to investigate potential acts of criminal defamation by Vishal Mehta, citing baseless statements made to the media.

It's worth noting that this legal battle is not one-sided. Vishal Mehta has also filed complaints against multiple entities, including ALX, adding another layer of complexity to the situation.

Impact on Allcargo Logistics

Despite the serious nature of the allegations and the ongoing legal proceedings, Allcargo Logistics has stated that there is no impact on the company's financial, operational, or other activities. This assertion aims to reassure stakeholders about the overall stability of the company amidst these challenges.

Conclusion

As this legal drama unfolds, it highlights the importance of robust internal controls and the potential risks associated with unauthorized agreements in the logistics sector. The case serves as a reminder of the complex relationships between companies, their subsidiaries, and their customers, and the need for vigilance in financial transactions and contractual agreements.

Stakeholders and industry observers will be closely watching how this case develops and its potential implications for corporate governance in the logistics industry.