Allcargo Terminals Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025. Further, the company has submitted voting Results and Scrutinizers report.
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Allcargo Terminals Limited held its 6th Annual General Meeting on September 26, 2025 via video conferencing, and all 5 resolutions put to vote were passed with overwhelming majority (over 99% in favor). Key approvals included the adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, the re-appointment of Mr. Kaiwan Kalyaniwalla (Non-Executive Director) who retired by rotation, and the appointment of M/s Pramod S. Shah & Associates as Secretarial Auditors for a 5-year term. The two special resolutions that were approved were the 'ATL CEO Employee Stock Option Plan – 2025' and authorization to grant stock options equal to or exceeding 1% of issued capital to identified employees. Polling turnout was 71-74% of outstanding shares, with promoters (holding about 16.59 crore shares, or roughly 65.8% of capital) voting 100% in favor of every resolution, and public institutions also backing them nearly unanimously.
The clean sweep on all 5 resolutions reflects strong shareholder confidence in the board and management, with no meaningful dissent on any item. However, investors should note that the newly approved ATL CEO ESOP Plan 2025 will lead to some equity dilution over time, and the threshold of granting 1% or more of issued capital to identified employees could result in significant share issuance if fully utilized.