Allcargo Gati Limited has informed the Exchange about change in Management
Awaiting price reaction for this filing.
Allcargo Gati's board met on August 5, 2025 and approved the unaudited Q1 FY26 (quarter ended June 30, 2025) financial results along with several key management changes. On a consolidated basis, revenue from operations stood at ₹40,325 lakhs, with profit from continuing operations at ₹70 lakhs and overall profit for the quarter at ₹122 lakhs (EPS of ₹0.26). Mr. Shashi Kiran Shetty was re-designated from Chairman & Managing Director to Chairman & Director, while Mr. Ketan Nishikant Kulkarni — previously Chief Growth Officer at Allcargo Group and former Chief Commercial Officer at Blue Dart Express (DHL Group) with 30+ years of experience — was appointed as the new Managing Director & CEO for a 2-year term. The board also appointed Mr. Shekhar R Singh as Company Secretary & Compliance Officer and M/s. Puttaparthi Jagannatham & Co. as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30). All appointments are subject to shareholder approval at the upcoming AGM.
The leadership change brings in a seasoned logistics industry veteran as CEO, which could support renewed focus on the express distribution business ahead of the proposed merger with parent Allcargo Logistics Limited (pending NCLT approval). Near-term stock reaction may depend on Q1 profit trends and how the new CEO's growth strategy is perceived by the market.