Allcargo Logistics Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot and voting results
ALLCARGO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Allcargo Logistics has completed its postal ballot process for the re-appointment of Mr. Shashi Kiran Shetty as Chairman and Managing Director for a period of 3 years effective April 1, 2025. The e-voting ran from May 22, 2025 to June 20, 2025, with 73.78% of outstanding shares participating (72.51 crore shares out of 98.28 crore). Shareholders approved the resolution with 96.74% votes in favour (70.14 crore shares) and only 3.26% against (2.37 crore shares). Promoters voted 100% in favour, while public institutions showed 76.98% support and public non-institutions 91.63% support. The scrutinizer M/s Dhrumil M Shah & Co. LLP confirmed the resolution was passed with the requisite majority.
Positive for shareholders as the founder-led leadership continues with overwhelming shareholder backing (96.74%), providing management stability for the next 3 years. No material negative signal for the stock as institutional dissent was limited and well within normal range.