Allcargo Logistics Limited has informed the Exchange about Outcome of Postal Ballot and Scrutinizers Report thereon
ALLCARGO · price
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Allcargo Logistics conducted a postal ballot via remote e-voting that closed on January 7, 2026, with both resolutions approved by members. Resolution 1 approved the appointment of Mr. Ketan Nishikant Kulkarni (DIN: 10735941) as Director with 99.82% votes in favour (72.6 crore shares). Resolution 2 approved his appointment as Managing Director and CEO for a 5-year term from November 1, 2025 to October 31, 2030, with 96.05% votes in favour (69.86 crore shares). Promoter group (holding ~62.2 crore shares, 99.88% of their holding) voted 100% in favour of both resolutions. Public institutions polled 89.67% of their holdings, supporting the directorship 98.78% but the MD & CEO role only 72.07% (28.66 crore shares voted against). Total of 230,613 shareholders were on record date with no invalid votes.
Leadership transition is now formally complete with Mr. Kulkarni confirmed as MD & CEO for a 5-year term. However, the notably higher institutional dissent on his MD & CEO appointment (nearly 28% against, versus just 1.2% on the directorship) signals some institutional discomfort worth monitoring, though the resolution still passed comfortably.