As per letter attached.
Awaiting price reaction for this filing.
Allcargo Gati Limited has been formally amalgamated into Allcargo Logistics Limited effective November 1, 2025, following NCLT approval of the Composite Scheme of Arrangement on October 10, 2025. As a result, Allcargo Gati has ceased to exist as a separate legal entity, and 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) at its November 14, 2025 meeting. All three Key Managerial Personnel — MD/CEO Ketan Kulkarni, CFO Deepak Pareek, and Company Secretary Shekhar Singh — ceased from November 1, 2025 due to the merger. Going forward, Allcargo Gati's financials will be reported as part of Allcargo Logistics Limited's consolidated statements. The auditor's limited review included emphasis-of-matter notes on the composite scheme's accounting treatment (overriding Ind AS) and an income tax search conducted at the company's and KMPs' premises during Q4 FY25.
Existing shareholders of Allcargo Gati will receive shares of Allcargo Logistics Limited as per the swap ratio in the scheme, and Allcargo Gati stock will cease to trade independently. The merger simplifies the group structure but introduces tax search overhang and restated historical numbers for investors to track.