Allcargo Terminals Limited has informed the Exchange about proposed incorporation of a Wholly owned subsidiary.
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The Board of Allcargo Terminals, at its August 11, 2025 meeting, approved multiple items. Standalone Q1 FY26 revenue from operations rose slightly to Rs 13,004.73 lakhs (vs Rs 12,953.71 lakhs a year ago), but standalone profit after tax fell to Rs 476.87 lakhs (vs Rs 697.18 lakhs). On a consolidated basis, revenue was Rs 18,725.23 lakhs and PAT was Rs 910.52 lakhs. The Board approved incorporation of a new wholly owned subsidiary (details in Annexure H), an ESOP pool of about 44.66 lakh stock options for the CEO, and borrowing of Rs 30 crore as an inter-corporate deposit from its existing wholly owned subsidiary Speedy Multimodes at 10.20% interest for one year. It also appointed Ms Tejashree Kokane as Internal Auditor, made senior management additions and removals, and changed the designation of Mr Rahul Acharekar.
The new wholly owned subsidiary signals potential business or geographic expansion, while the Rs 30 crore ICD from Speedy shows internal funding support for working capital and growth. The dip in standalone PAT despite steady revenue, along with an existing GST demand of Rs 25.29 crore plus penalty, may weigh on near-term sentiment.