Allcargo Terminals Limited has informed the Exchange about Re-appointment of Mr Prafulla Chhajed (DIN: 03544734) as a Non-Executive Independent Director of the company
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The Board of Allcargo Terminals has approved the re-appointment of Mr. Prafulla Chhajed (DIN: 03544734) as a Non-Executive Independent Director for a second term of three years, from April 15, 2026 to April 14, 2029, subject to shareholder approval. The decision was taken via a circular resolution passed on March 9, 2026. Mr. Chhajed is a former President of ICAI (2019-20) and current President of CAPA (2023-2025), with prior board experience at IRDA, State Bank of India, and SBI Mutual Fund Trustee Company. He is not related to any existing director, KMP, or promoter of the company, and is not debarred by SEBI from holding directorship.
This is a routine governance update with no material impact on shareholders. Continuity of a credentialed independent director supports board stability and regulatory compliance.