Allcargo Terminals Limited has informed the Exchange about change in Management
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Awaiting price reaction for this filing.
The board approved Q1 FY26 (quarter ended June 30, 2025) results: standalone revenue from operations was Rs 130.05 crore (vs Rs 129.54 crore YoY) but profit after tax fell to Rs 4.77 crore from Rs 6.97 crore YoY, while consolidated revenue was Rs 187.25 crore with PAT of Rs 9.11 crore (vs Rs 9.55 crore YoY). The company appointed Ms. Tejashree Kokane as the new Internal Auditor (replacing the previous one who resigned) and made several senior management changes: three additions to the Senior Management Personnel (SMP) list including a new CIO, five exclusions (who continue in employment but no longer qualify as SMP), and a designation change for one operations head. Other board approvals include availing a Rs 30 crore Inter-Corporate Deposit from its wholly owned subsidiary Speedy Multimodes at 10.20% interest for one year, a new 'ATL CEO ESOP 2025' plan with a pool of about 44.66 lakh stock options, and the incorporation of a new wholly owned subsidiary. The filing also highlights a recent GST demand notice of Rs 25.29 crore plus an equal penalty amount that the company plans to appeal, and an ongoing Income Tax search at the company's, subsidiary's and a KMP's premises.
Quarterly profits slipped year-on-year on both standalone and consolidated bases, while the regulatory overhang from a sizeable GST demand (~Rs 50.6 crore including penalty) and pending IT search could weigh on sentiment. On the positive side, the new ESOP plan and fresh subsidiary indicate growth and capital planning, and the Rs 30 crore ICD from the wholly owned subsidiary suggests liquidity support from within the group.