Allcargo Terminals Limited has informed the Exchange regarding Board meeting held on July 15, 2025.
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Allcargo Terminals' board, meeting on July 15, 2025, approved three key items subject to shareholder approval. First, alteration of the Articles of Association to add clauses on share warrants, nomination, alternate directors, borrowing powers, and deletion of the common seal provision. Second, increase in authorized share capital from ₹55 crore to ₹70 crore (divided into 35 crore equity shares of ₹2 each). Third, issuance of up to 1.32 crore fully convertible warrants on a preferential basis to the promoter and promoter group at ₹29 per warrant (face value ₹2 + ₹27 premium), aggregating to ₹38.28 crore. The largest allottee is Chairman Shashi Kiran Janardhan Shetty with ~1.16 crore warrants, followed by Arathi Shetty, the Shloka Shetty Trust, and others.
This is a promoter-led capital infusion of ₹38.28 crore, which signals confidence from the promoter group but also leads to modest dilution for existing public shareholders. Promoter Shashi Kiran Shetty's stake will rise from 58.06% to 59.57% post-conversion. The capital raise and authorized capital hike position the company for future funding needs, though the warrant conversion price of ₹29 acts as a near-term price anchor.