Allcargo Gati Limited has informed the Exchange regarding Proceedings of Postal Ballot
Awaiting price reaction for this filing.
Allcargo Gati Limited has informed the stock exchanges that its shareholders have approved, through a postal ballot, the sale of the company's two fuel stations — one located at Lasudia Mori, Indore, and another at Madanayahalli, Bengaluru. The resolutions were passed with the requisite majority as special resolutions. The postal ballot notice was originally issued on March 7, 2025, and shareholders voted via remote e-voting. A scrutinizer, Mr. Navjyoth Puttaparthi of M/s. Puttaparthi Jagannatham & Co., was appointed to oversee the e-voting process. The detailed voting results and scrutinizer's report will be filed with the exchanges within the prescribed regulatory timelines.
This is a routine regulatory update confirming shareholder approval for divesting non-core fuel station assets. The actual impact on the stock will depend on the sale proceeds and how the company deploys the capital, but no immediate material price-moving information is disclosed here.