Please refer to the enclosed intimation.
Awaiting price reaction for this filing.
Allcargo Gati Limited has informed stock exchanges that shareholders have approved, through a postal ballot, the sale of two fuel stations — one at Lasudia Mori, Indore and another at Madanayahalli, Bengaluru. The resolutions were passed with the requisite majority as special resolutions. Mr. Navjyoth Puttaparthi, Partner of M/s Puttaparthi Jagannatham & Co., Company Secretaries, was appointed as the scrutinizer for the e-voting process. The postal ballot notice was originally issued on March 7, 2025, and this intimation follows up on the earlier March 10 letter. Detailed voting results along with the scrutinizer's report will be submitted separately within the regulatory timelines. The disclosure is made under Regulation 30 of the SEBI Listing Regulations.
Shareholders have greenlit the divestment of these non-core fuel station assets, which could help the company streamline operations or raise cash. The actual impact will depend on the sale proceeds and how the money is deployed, details of which are not yet disclosed.