Allcargo Logistics Limited has informed the Exchange regarding 'Intimation regarding utilisation of unutilised proceeds of Qualified InstitutionsPlacement (QIP)'.
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Allcargo Logistics has informed the stock exchanges that its Board, at a meeting on February 5, 2026, approved the utilisation of unutilised proceeds from a Qualified Institutions Placement (QIP) originally raised by Allcargo Gati Limited, which is now amalgamated with Allcargo Logistics. The QIP had been approved by members of Allcargo Gati via a Special Resolution through Postal Ballot on February 6, 2024. Of the total proceeds raised, Rs 64.71 crore remained unutilised as of December 31, 2025. The Board has approved deploying this amount towards general corporate purposes, subject to review by the Monitoring Agency, ICRA Limited.
This is largely a procedural update — the company is redirecting leftover QIP funds to general corporate use rather than indicating fresh fundraising or a specific growth project. Shareholders should note that Rs 64.71 crore is being repurposed, but this does not change the company's capital structure or signal new dilution or debt activity.