Intimation under Regulation 30 of Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations )regarding receipt of petition admission order from Hon ble National Company Law Tribunal,Mumbai Bench ( NCLT )
ALLCARGO · price
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On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.4 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The NCLT Mumbai Bench, via its order dated April 30, 2025, has admitted the second motion petition filed by Allcargo Logistics Limited seeking sanction for a Composite Scheme of Arrangement. The scheme involves Allcargo Logistics, its wholly-owned subsidiary Allcargo Supply Chain Private Limited, Gati Express & Supply Chain Private Limited, Allcargo Gati Limited, and Allcargo Worldwide Limited (formerly Allcargo Ecu Limited). The restructuring is being done under Sections 230-232 read with Sections 52 and 66 of the Companies Act, 2013. The next hearing has been scheduled for July 02, 2025. This follows the equity shareholders' meeting held on February 18, 2025, where shareholders approved the scheme.
This is a procedural milestone in Allcargo's internal restructuring/consolidation exercise and is a positive step toward simplifying the group's corporate structure. Shareholders should watch the July hearing for the next stage of approval, but the stock is unlikely to react sharply as the restructuring was already broadly anticipated after the February shareholder vote.