Allcargo Logistics Limited , India's largest integrated logistics services provider, has successfully concluded its postal ballot process with shareholders approving key leadership appointments. The company announced the results on January 8, 2026, following the completion of remote e-voting that concluded on January 7, 2026.

Postal Ballot Results

The shareholders approved two critical resolutions through the postal ballot process conducted via remote e-voting:

The resolutions were deemed passed on January 7, 2026, the last date specified for receipt of votes through the remote e-voting process. A total of 727.28 million votes were polled, representing 74.00% of the outstanding shares.

Leadership Appointment Details

Mr. Ketan Nishikant Kulkarni (DIN: 10735941) has been formally appointed as Managing Director and Chief Executive Officer for a five-year term from November 1, 2025, to October 31, 2030. The appointment was initially made as Additional Director effective November 1, 2025, and has now received shareholder approval.

Detailed Voting Analysis

The postal ballot saw significant participation across different shareholder categories:

For the MD & CEO appointment resolution, institutional investors showed mixed support with 73.93 million votes in favor and 28.66 million votes against, representing a 72.07% approval rate from this category.

Regulatory Compliance

The postal ballot was conducted in compliance with Section 110 read with Section 108 of the Companies Act, 2013, and Regulations 30 and 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Dhrumil M. Shah of Dhrumil M. Shah & Co. LLP served as the scrutinizer for the voting process.

Corporate Restructuring Context

As part of ongoing corporate restructuring, Allcargo Gati Limited has been amalgamated with Allcargo Logistics Limited effective November 1, 2025. The company has also appointed Mr. Deepak Jagdish Pareek as Chief Financial Officer and Mr. Shekhar R. Singh as Company Secretary & Compliance Officer.

Market Position

The strong shareholder support for new leadership demonstrates confidence in Allcargo Logistics' strategic direction. The formal approval of Mr. Kulkarni's appointment provides stability as the company works to maintain its position as India's largest integrated logistics services provider while addressing operational challenges.

Allcargo Logistics Limited has undergone significant changes and reported impressive financial results, according to recent developments.

The company completed its scheme of arrangement effective November 15, 2025, demerging its international supply chain business into Allcargo Global Limited while retaining domestic express and consultative logistics operations. This strategic restructuring aims to enhance operational synergies and create long-term value.

In a notable achievement, Allcargo Logistics delivered its highest-ever quarterly revenue and volume in its express business. For Q2FY26, the company reported revenue of Rs 537.00 crores and consolidated EBITDA of Rs 62.00 crores, showcasing strong performance in its core operations.

Prior to these developments, Allcargo Logistics had submitted a monitoring agency report detailing the utilization of funds raised through a Qualified Institutions Placement (QIP), following its merger with Allcargo Gati Limited. The report, prepared by ICRA Limited, provided insights into the company's financial management and adherence to stated objectives.

Key Highlights of the QIP Fund Utilization Report

• Total Funds Raised: The QIP raised Rs 161.12 crore, out of an original issue size of Rs 169.28 crore.
• Funds Utilized: Rs 100.50 crore has been utilized as per the stated objectives.
• Remaining Funds: Rs 60.62 crore remains unutilized.

Fund Utilization Breakdown

The monitoring report indicated that the funds have been allocated as follows:

Merger Context

The QIP fund utilization report gained significance in light of the merger between Allcargo Logistics and Allcargo Gati Limited. As per the company's disclosure, Allcargo Gati Limited ceased to exist as a separate entity following the approval of a Composite Scheme of Arrangement by the National Company Law Tribunal, Mumbai Bench.

Compliance and Transparency

ICRA Limited, serving as the monitoring agency, reported no deviation from the stated objectives of the QIP. This adherence to the declared purposes underscored Allcargo Logistics' commitment to transparent financial management and regulatory compliance.

Future Outlook

With the recent strategic restructuring and strong financial performance, Allcargo Logistics is well-positioned for growth in the integrated logistics sector. The company still has Rs 60.62 crore at its disposal from the QIP, which is expected to be utilized for upgrading operating units, developing proprietary technology, and general corporate purposes.

As Allcargo Logistics continues to navigate its post-restructuring landscape, the prudent use of these funds, coupled with its record-breaking express business performance, will be crucial in realizing its strategic objectives and driving further growth in the competitive logistics industry.