Please refer enclosed attachment
Awaiting price reaction for this filing.
Allcargo Gati Limited has disclosed the voting results of its postal ballot conducted between March 11 and April 10, 2025. Shareholders approved two special resolutions: (1) sale of the Bengaluru Fuel Station and (2) sale of the Indore (Lasudia Mori) Fuel Station, both under Section 180(1)(a) of the Companies Act, 2013. Out of about 6.86 crore shares polled (46.68% of outstanding shares), around 95.44% voted in favour of each resolution while roughly 4.56% voted against. Both resolutions were declared passed on April 10, 2025, with the Scrutinizer's report dated April 12, 2025. The total shareholder base on the record date (Feb 28, 2025) was 1,08,192, and promoters voted 99.81% of their holding in favour of both resolutions.
With shareholder approval secured, the company can now move forward with divesting its non-core fuel station assets in Bengaluru and Indore, which may free up capital for the core logistics business and sharpen focus on its primary operations.