Allcargo Logistics Limited has informed the Exchange that Jordan Gulf forFreight Services and Agencies Co. LLC, a step‐down wholly owned overseas subsidiary of Allcargo Logistics Limited, has been dissolved with effect from May 15, 2025
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Allcargo Logistics Limited has dissolved its step-down wholly owned overseas subsidiary, Jordan Gulf for Freight Services and Agencies Co. LLC, effective May 15, 2025. The dissolved entity was based in Jordan and was a wholly owned subsidiary through a chain of ownership. As of December 31, 2024, the subsidiary had nil revenue from operations and a negative net worth of approximately INR -24.15 lakhs, meaning it was inactive and value-eroding. No consideration was received, as the entity was dissolved rather than sold. The disclosure was made under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30).
This is a minor housekeeping action with negligible financial impact — the dissolved subsidiary contributed no revenue and had negative net worth, so its removal slightly streamlines the group structure. Shareholders are unlikely to see any material effect on stock price or earnings.