Shashi Kiran Shetty appointed Director with 99.93% shareholder approval

Board & Shareholder Meetings View source PDF

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AI summary

Allcargo Terminals shareholders approved the appointment of Mr Shashi Kiran Shetty as Non-Executive, Non-Independent Director through postal ballot. The resolution passed with 99.93% votes in favor out of 18.71 crore shares polled (74.24% of outstanding shares). Promoters voted 100% in favor with 16.59 crore shares. Public institutions supported at 99.08% and non-institutions at 99.84%. Only 1.36 lakh votes were against. E-voting ran from May 28 to June 26, 2026.

Likely market impact

Near-unanimous shareholder approval reflects strong confidence in board. Mr Shetty, founder of Allcargo group, joins the board.