Allcargo Logistics Limited has announced the outcomes of its Board of Directors meeting held on November 3, 2026. Key decisions include the approval of the unaudited financial results for the quarter ended September 30, 2026, the appointment and re-appointment of Independent Directors, and the reconstitution of Board Committees. Additionally, the company approved an Employee Stock Option Scheme 2026.
Board Meeting Outcomes: Financials and Governance
Allcargo Logistics Limited convened its Board of Directors meeting on November 3, 2026, during which several significant matters were deliberated and approved. The board reviewed and approved the unaudited financial results, both standalone and consolidated, for the quarter ended September 30, 2026. These results, along with the limited review reports from statutory auditors, have been furnished as Annexure-I.
Changes in Management and Board Composition
In a move to strengthen its governance structure, the board approved the appointment of Mr. Russell Parera (DIN: 00328986) as an Independent Director for a first term of three consecutive years, effective from November 3, 2026, to November 2, 2029. Subject to shareholder approval, this appointment stems from the recommendation of the Governance & Nomination and Remuneration Committee (GNRC).
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 pending member approval. These appointments and re-appointments are detailed further in Annexure-II.
Re-constitution of Board Committees
In line with regulatory requirements, the company also undertook a re-constitution of its Board Committees, effective from November 3, 2026. The revised composition of these committees, in compliance with the Companies Act, 2013, and SEBI Listing Regulations, is provided in Annexure-III.
Employee Stock Option Scheme Approved
The board also gave its approval for the Allcargo Logistics Limited – Employee Stock Option Scheme 2026. This scheme, recommended by the GNRC, will involve the grant of employee stock options to employees of the Holding Company, its subsidiaries, group companies, and associate companies. The details of the scheme are enclosed as Annexure IV. The meeting commenced at 3:00 p.m. IST and concluded at 8:10 p.m. IST.
The financial results and other related information are available on the company’s website: www.allcargologistics.com.
Source: BSE
