Allcargo re-appoints Independent Director Sivaraman Narayanaswami for second term

ALLCARGO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+1.6%1-day move

₹9.28

prior close

₹9.29

base price

After-mkt

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5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.5-0.5-1.0-2.2+1.6-0.3+3.9+3.8+3.6+4.8-6.0-4.1-10.6-12.8

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AI summary

Allcargo Logistics' Board has approved, via circular resolution dated April 24, 2026, the re-appointment of Mr. Sivaraman Narayanaswami (DIN: 00001747) as an Independent Director for a second one-year term from May 4, 2026 to May 3, 2027, subject to shareholder approval. A postal ballot with remote e-voting will be conducted, with Mr. Dhrumil Shah appointed as Scrutinizer. Mr. Narayanaswami is a veteran finance professional with 43+ years of experience, formerly MD & Group CEO of ICRA Limited and held senior roles at L&T Finance Holdings and IL&FS.

Likely market impact

Routine governance action; continuity of an experienced independent director on the board, pending shareholder approval via postal ballot.