Allcargo Logistics has announced the re-appointment of Mr. Sivaraman Narayanaswami as an Independent Director. Following approval by the Board of Directors, his second term is set for a duration of one year, commencing on May 4, 2026, and concluding on May 3, 2027. The company will now seek formal consent from its shareholders through a postal ballot process involving remote e-voting to finalize this appointment.
Leadership Continuity
The Board of Directors of Allcargo Logistics has approved the continuation of Mr. Sivaraman Narayanaswami as an Independent Director. This decision follows a recommendation from the Governance and Nomination & Remuneration Committee, recognizing his extensive expertise and contributions to the organization. The re-appointment is subject to the necessary approval of shareholders.
Professional Background
Mr. Narayanaswami brings over four decades of experience as a finance professional and business leader. His distinguished career includes serving as the Managing Director and Group CEO at ICRA Limited, as well as holding senior leadership roles such as President and Whole-time Director of L&T Finance Holdings Ltd. and COO at IL&FS. His career highlights involve significant achievements in organizational transformation, capital raising, and infrastructure project finance.
Postal Ballot Process
To finalize the re-appointment, the company has initiated a postal ballot process. Mr. Dhrumil Shah (Partner, Dhrumil M. Shah & Co. LLP) has been appointed as the Scrutinizer to oversee the process, including remote e-voting, to ensure transparency and fairness. Shareholders will have the opportunity to cast their votes on the proposal in accordance with the upcoming postal ballot notice and calendar of events.
Source: BSE
