Allcargo Logistics Limited’s Board of Directors convened on November 3, 2026, to approve the unaudited financial results for the quarter ended September 30, 2026. The board also sanctioned the appointment of Mr. Russell Parera and the re-appointment of Mr. Hetal Gandhi as Independent Directors for specified terms, subject to shareholder approval. Additionally, the reconstitution of various board committees was finalized.
Board Approves Financial Results and Management Changes
Allcargo Logistics Limited announced that its Board of Directors, during a meeting held on November 3, 2026, has reviewed and approved the unaudited financial results for the quarter ended September 30, 2026. These results, along with the accompanying limited review reports from the statutory auditors, have been submitted as Annexure I.
Key Appointments to the Board
In a significant move impacting its governance structure, the Board has approved the appointment of Mr. Russell Parera (DIN: 00328986) as an Independent Director. This appointment is for a first term of three consecutive years, commencing from November 3, 2026, and concluding on November 2, 2029, pending member approval.
Furthermore, Mr. Hetal Gandhi (DIN: 00106895) has been re-appointed as an Independent Director for a second term of three consecutive years. This re-appointment will be effective from February 8, 2027, to February 7, 2030, also subject to shareholder consent.
Reconstitution of Board Committees
The Board also finalized the reconstitution of its committees, effective from November 3, 2026. This restructuring is in line with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The revised composition of these committees is detailed in Annexure III.
Employee Stock Option Scheme Approved
Additionally, the Board has approved the ‘Allcargo Logistics Limited – Employee Stock Option Scheme 2026’. This scheme includes provisions for granting employee stock options to employees of the Holding Company, its subsidiaries, group, and associate companies. The details of the scheme are provided in Annexure IV, and it is also subject to member approval.
Financial Highlights
The financial results indicate a consolidated revenue from operations of ₹541 crore for the quarter ended September 30, 2026. Total expenses stood at ₹541 crore, leading to a profit before tax of ₹24 crore from continuing operations for the quarter. The standalone financials also reported similar figures, with revenue from operations at ₹555 crore and profit before tax from continuing operations at ₹17 crore.
Source: BSE
