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 March 9, 2026, seeking shareholder approval through remote e-voting for four special resolutions. Three of these are re-appointments of Independent Directors — Mr. Mahendrakumar Chouhan, Mrs. Radha Ahluwalia, and Mr. Prafulla Chhajed — for a second consecutive term of three years each, running from April 15, 2026 to April 14, 2029. The fourth resolution seeks approval for the remuneration of Managing Director Mr. Suresh Kumar Ramiah at up to Rs. 40 lakh per month, effective April 1, 2026 to March 31, 2028, along with variable pay (Rs. 52.17 lakh to Rs. 75 lakh annually based on rating) and a long-term retention incentive of up to Rs. 1 crore over two years. E-voting begins on March 12, 2026 at 9:00 a.m. and ends on April 10, 2026 at 5:00 p.m., with results to be announced on or before April 14, 2026. The cut-off date for eligibility is March 9, 2026.
These are routine governance resolutions — re-appointing independent directors and approving the MD's pay package. They are unlikely to materially impact the stock price, but shareholders should review the proposed MD remuneration, which includes a maximum cap of Rs. 40 lakh/month plus performance-linked variable pay and long-term retention incentives potentially exceeding Rs. 1.2 crore per year in total.