Allcargo Logistics Limited announced a significant leadership change following its Board of Directors meeting on August 5, 2026. Mr. Shashi Kiran Shetty has resigned as Director and Chairman, citing other commitments. The Board has appointed Mr. Dinesh Kumar Lal as the new Chairman, effective August 5, 2026. The company also reported its unaudited financial results for the quarter ended June 30, 2026.
Leadership Transition at Allcargo Logistics
Allcargo Logistics Limited’s Board of Directors convened on August 5, 2026, to discuss key organizational matters. A notable outcome of this meeting was the acceptance of the resignation by Mr. Shashi Kiran Shetty from his positions as Director and Chairman. Mr. Shetty, the founder, cited other commitments as the reason for his departure, effective from the close of business hours on August 5, 2026. The Board expressed sincere appreciation for Mr. Shetty’s leadership and contributions during his tenure.
New Chairman Appointed
Following Mr. Shetty’s resignation, the Board approved the appointment of Mr. Dinesh Kumar Lal as the new Chairman of the Board of Directors. This appointment is also effective from August 5, 2026. Mr. Lal is described as a senior professional with extensive experience in the logistics and supply chain industry, having held senior leadership roles and possessing significant expertise in business strategy and operations.
Financial Results Disclosure
In addition to the leadership changes, the Board reviewed and approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026. These results, along with the limited review reports from the statutory auditors, have been enclosed as Annexure-I. The reconstitution of various Board committees was also approved, effective August 5, 2026, and will be made available on the company’s website.
Source: BSE
