As per letter attached.
Awaiting price reaction for this filing.
The NCLT Mumbai Bench, via its order dated October 10, 2025, sanctioned the Composite Scheme of Arrangement and Amalgamation involving Allcargo Gati, Allcargo Supply Chain, Gati Express, and Allcargo Logistics. The scheme became effective on November 1, 2025, upon filing with the Registrar of Companies, and Allcargo Gati has ceased to exist as a separate legal entity, merging into Allcargo Logistics. The Board of Allcargo Logistics approved the unaudited standalone and consolidated financial results of Allcargo Gati for Q2 and H1 FY26 (ended September 30, 2025) along with the limited review report from MSKC & Associates. All key managerial personnel of Allcargo Gati — MD & CEO Ketan Kulkarni, CFO Deepak Pareek, and Company Secretary Shekhar Singh — ceased with effect from November 1, 2025. The auditor flagged two emphasis-of-matter items: the composite scheme itself and an Income Tax search operation conducted during Q4 FY25 at premises of the holding company and residences of three KMPs. The auditor also noted that prior period results have been restated due to the scheme and were not re-reviewed.
Allcargo Gati shareholders become shareholders of Allcargo Logistics Limited — the listed entity is now Allcargo Logistics. No separate trading in Allcargo Gati shares going forward; investors should look to Allcargo Logistics (BSE: 532345 / NSE: ACLGATI) for the combined business. The Income Tax search and restated financials are items to monitor but did not modify the auditor's conclusion.