Allcargo Logistics Limited has informed the Exchange regarding Change in Director(s) of the company.

ALLCARGO · price

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Price reaction · full curve 14 horizons · vs prior close

+1.6%1-day move

₹9.28

prior close

₹9.03

base price

In-mkt

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5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.2+0.1+0.2+0.2+1.6-0.3+3.9+3.8+3.6+4.8-6.0-4.1-10.6-12.8

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AI summary

Allcargo Logistics has informed the stock exchanges about the re-appointment of Mr. Sivaraman Narayanaswami (DIN: 00001747) as an Independent Director for a second term of one year, from May 4, 2026 to May 3, 2027. The Board's approval was given via a Circular Resolution on April 23, 2026, and is subject to shareholder approval through a Postal Ballot. Mr. Sivaraman is a seasoned finance professional with over 43 years of experience, having previously served as Managing Director and Group CEO of ICRA Limited, and in senior roles at L&T Finance Holdings and IL&FS. A scrutinizer has been appointed to oversee the postal ballot process. He is not debarred from holding directorship by any authority and has no relationships with other directors or KMPs.

Likely market impact

This is a routine governance action — continuity of an existing independent director. No material impact expected on the stock price; the re-appointment is subject to shareholder approval via postal ballot.