Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 (The 'Listing Regulations') Regarding Receipt Of Petition Admission Order From Hon'Ble National Company Law Tribunal, Mumbai Bench ('NCLT')
Awaiting price reaction for this filing.
Allcargo Gati Limited informed stock exchanges that the NCLT Mumbai Bench has admitted the second motion petition for its Composite Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013. The scheme involves Allcargo Logistics, its subsidiaries Allcargo Supply Chain and Allcargo Worldwide (formerly Allcargo ECU), Gati Express & Supply Chain, and Allcargo Gati itself, covering demerger, transfer, and amalgamation steps. Shareholders had already approved the scheme on February 18, 2025. The NCLT has fixed July 02, 2025 as the next date of hearing to consider sanctioning the scheme.
This is a procedural milestone in an ongoing group restructuring; no immediate financial impact on shareholders, but successful sanctioning will reshape the group's structure and could affect shareholding patterns. Investors should watch the July 02, 2025 hearing for the final outcome.