Allcargo Logistics Limited announced the acceptance of the resignation of Mr. Shashi Kiran Shetty from his positions as Director and Chairman of the Company. The resignation is effective from August 5, 2026, close of business hours. The company expressed deep appreciation for Mr. Shetty’s contributions during his tenure and has enclosed his resignation letter as an annexure.
Key Leadership Change at Allcargo Logistics
Allcargo Logistics Limited has officially accepted the resignation of Mr. Shashi Kiran Shetty from his roles as Director and Chairman of the Company. This leadership transition took effect on August 5, 2026, at the close of business hours. The company acknowledged Mr. Shetty’s tenure, stating it placed on record its deep appreciation for his services and contributions.
Resignation Details
The resignation was tendered by Mr. Shetty due to certain other professional and personal commitments requiring his attention, making it appropriate for him to step down from his positions on the Board. His formal letter of resignation, dated August 5, 2026, has been enclosed as an annexure to the company’s disclosure. Allcargo Logistics has taken this information on record and considers the necessary regulatory disclosures complete, having submitted them to the Exchange on August 5, 2026.
Appreciation for Service
In its announcement, Allcargo Logistics extended its sincere gratitude to Mr. Shashi Kiran Shetty for his leadership and dedication. The company wishes him well in his future endeavours and looks forward to his continued success. The company also thanked its Board, management team, employees, shareholders, and all stakeholders for their support during Mr. Shetty’s term.
Source: BSE
