Allcargo Terminals Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
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Allcargo Terminals' board, at its meeting on July 15, 2025, approved three resolutions subject to shareholder approval. First, it amended the Articles of Association to add new clauses covering nomination of securities holders, share warrants, alternate and nominee directors, borrowing powers, and deleted the common seal provision. Second, it increased the authorised share capital from ₹55 crore to ₹70 crore (divided into 35 crore equity shares of ₹2 each) and altered the MOA accordingly. Third, it approved issuing up to 1.32 crore fully convertible warrants to the promoter and promoter group on a preferential basis at ₹29 per warrant, raising around ₹38.28 crore. The largest allottee is promoter Shashi Kiran Janardhan Shetty (1.16 crore warrants), with smaller allotments to Arathi Shetty, Adarsh Sudhakar Hegde, Priya Adarsh Hegde, and The Shloka Shetty Trust. Post-issue, Shetty's stake will rise from 58.06% to 59.57%.
This is a promoter-led capital infusion that signals confidence from the promoter group in the company's future. While the preferential warrants strengthen the capital base, they will dilute existing minority shareholders once converted into equity shares. Investors should watch for the shareholder approval timeline and eventual conversion of warrants into shares.