Appointment of Mr Shashi Kiran Shetty as an Additional Non executive non independent Director of the company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Allcargo Terminals board meeting on May 21, 2026 approved appointment of Mr Shashi Kiran Shetty (DIN: 00012754) as Additional Non-Executive Non-Independent Director, subject to shareholder approval. The meeting also approved audited FY26 standalone financials showing revenue of Rs 571.41 crore (up 4.3% YoY) but profit after tax declined to Rs 39.70 crore from Rs 52.95 crore in FY25. EPS dropped to Rs 1.44 from Rs 2.02. The board also reconstituted Nomination & Remuneration and Risk Management Committees, approved acquisition of 25% stake in related party Allcargo Group Services Private Limited, and reallocated rights issue proceeds. Statutory auditors S.R. Batliboi & Associates gave unmodified opinion.
Director appointment pending shareholder approval may bring promoter group representation to the board. Declining profitability in FY26 despite revenue growth could concern investors. Related party acquisition requires monitoring for potential conflicts.