Allcargo Logistics Limited announced the outcome of its Board Meeting held on November 3, 2026. The board approved the unaudited financial results for the quarter ended September 30, 2026, along with limited review reports. Key decisions included the appointment of Mr. Russell Parera and the re-appointment of Mr. Hetal Gandhi as Independent Directors, subject to shareholder approval. The Board also approved the reconstitution of its committees and the ‘Allcargo Logistics Limited – Employee Stock Option Scheme 2026’.
Board Meeting Outcomes
The Board of Directors of Allcargo Logistics Limited convened on November 3, 2026, to discuss and approve several significant matters. A primary outcome was the approval of the unaudited financial results, both standalone and consolidated, for the quarter and half-year ended September 30, 2026. These results, along with the respective Limited Review Reports from the Statutory Auditors, have been formally accepted.
Changes in Management
The meeting also saw key decisions regarding the company’s leadership. Mr. Russell Parera (DIN: 00328986) was appointed as an Independent Director for a first term of three consecutive years, commencing November 3, 2026, and concluding on November 2, 2029. This appointment is subject to member approval.
Furthermore, Mr. Hetal Gandhi (DIN: 00106895) was re-appointed as an Independent Director for a second term of three consecutive years. His re-appointment will commence on February 8, 2027, and end on February 7, 2030, also pending shareholder approval.
Re-constitution of Committees and ESOP Scheme
In line with regulatory requirements and the Companies Act, 2013, the Board also approved the re-constitution of its various committees, effective from November 3, 2026. The revised composition of these committees is detailed in Annexure III.
Additionally, the Board approved the ‘Allcargo Logistics Limited – Employee Stock Option Scheme 2026’. This scheme allows for the grant of employee stock options to employees of the Holding Company, its subsidiaries, and associate companies. The details of the scheme are provided in Annexure IV and are subject to the approval of the company’s members.
Financial Performance Overview
The financial statements presented indicate the company’s performance for the period ending September 30, 2026. Standalone revenue from operations for the quarter was ₹555 crore, with total income at ₹565 crore. Expenses stood at ₹542 crore, resulting in a profit before tax of ₹23 crore. For the half-year ended September 30, 2026, standalone revenue from operations was ₹1,101 crore, with a profit before tax of ₹42 crore. Consolidated figures show similar trends, with revenue from operations for the quarter at ₹555 crore and profit before tax at ₹25 crore.
The company also reported Total Comprehensive Income/(Loss) for the quarter ended September 30, 2026, at ₹16 crore (standalone) and ₹18 crore (consolidated).
Source: BSE
