Allcargo Gati Limited has informed the Exchange regarding Re-appointment of Mr Dinesh Kumar Lal as Non- Executive Independent Director of the company w.e.f. July 03, 2025.
Awaiting price reaction for this filing.
Allcargo Gati's board approved audited financial results for Q4 and FY ended March 31, 2025, along with the re-appointment of Mr. Dinesh Kumar Lal as Non-Executive Independent Director for a second 5-year term from July 3, 2025. On a consolidated basis, revenue from continuing operations grew modestly to ₹1,50,994 lakhs in FY25 (vs ₹1,47,884 lakhs in FY24), and the company swung to a profit before tax of ₹388 lakhs from continuing operations (vs a loss of ₹349 lakhs last year), aided by ₹362 lakhs in exceptional gains. The Fuel Station business has been reclassified as a discontinued operation. The filing also discloses that income tax authorities conducted a search on the company, its subsidiaries, and a key management personnel's residence during Q4 FY25; no adjustments have been made pending the outcome.
For shareholders: FY25 showed a return to profitability at the consolidated level, but the core Express Distribution & Supply Chain segment is barely break-even and remains dependent on exceptional items. The pending income tax search and the ongoing NCLT merger scheme with parent Allcargo Logistics are key overhangs to watch. The director re-appointment is routine and not expected to move the stock.