ALX files complaint over alleged Rs 10 crore liability

Fraud ConfirmedRegulatory & Legal View source PDF Explain this filing

ALLCARGO · price

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

Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹32.10

prior close

₹31.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.1% vs market

Logistics Solution Provider peers, median of 39sector-0.6%-0.8% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.8 pts less than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.0

10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-1.4-0.3-1.1-0.6-0.8

Next day

-1.9-0.5-1.3-1.0-0.9

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+11.8-0.6+12.4-1.9+13.7

15d

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-61.5-6.8-54.8-8.6-53.0

-64.6-3.4-61.2-8.0-56.6

UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Allcargo Logistics said its wholly owned subsidiary ALX Shipping Agencies filed a complaint with Mumbai's Economic Offences Wing against ALX CEO Sandeep Bakshi and Rushabh Sealink owner Vishal Mehta. ALX said an internal investigation found collusion to create an unauthorized Rs 10 crore payment liability. Mehta has also filed complaints against ALX and other entities. No financial or operating impact is reported.

Likely market impact

Allcargo reports no current financial or operating impact, but the dispute and related claims may bring costs, uncertainty and reputational risk.