Allcargo Terminals Limited has informed the Exchange regarding Notice of Postal Ballot
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Allcargo Terminals Limited has issued a postal ballot notice dated July 15, 2025, seeking shareholder approval through e-voting for three special business items. The first is a Special Resolution to amend the Articles of Association, adding provisions on share warrants, nomination by securities holders, alternate and nominee directors, and borrowing powers. The second is an Ordinary Resolution to increase the authorised share capital from ₹55 crore (27.5 crore equity shares of ₹2 each) to ₹70 crore (35 crore equity shares of ₹2 each). The third is a Special Resolution to issue up to 1.32 crore fully convertible warrants on a preferential basis to the promoter and promoter group at ₹29 per warrant, aggregating ₹38.28 crore, with each warrant convertible into one equity share of ₹2 face value within 18 months. E-voting runs from July 16, 2025 to August 14, 2025, with results expected by August 18, 2025. Key allottees include Shashi Kiran Janardhan Shetty (1.16 crore warrants), Arathi Shetty, Adarsh Hegde, and the Shloka Shetty Trust.
The preferential warrant issue to the promoter group signals continued promoter commitment and brings in ₹38.28 crore in potential fresh capital, but will dilute existing public shareholders once warrants are converted. Shareholders should review the pricing and dilution impact, as promoters are receiving the warrants at a stated price, and vote accordingly during the e-voting window.