Allcargo Logistics Limited has informed the Exchange regarding Resignation of Mr Deepal Shah as Chief Financial Officer of the company w.e.f. May 16, 2025.
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Allcargo Logistics has informed the stock exchanges that Mr. Deepal Shah has resigned as Chief Financial Officer and Key Managerial Personnel, effective May 16, 2025, to pursue an alternate career outside the organisation. His resignation letter, dated May 1, 2025, confirms there are no material reasons other than the stated career move. In a quick succession, the Board approved the appointment of Mr. Ravi Jakhar, currently the Chief Strategy Officer (KMP), as the new CFO effective May 19, 2025. Mr. Jakhar will be re-designated as 'Director Strategy & Group CFO' and brings nearly 20 years of leadership experience, including prior stints at Allcargo and managing ECU Worldwide's finance and Latin America operations.
This is an internal CFO transition with no disruption to the finance function — the replacement is already a KMP who knows the business well, which should reassure shareholders. Investors typically view such orderly, planned successions as neutral to mildly positive for the stock.