Allcargo Terminals logo

Allcargo Terminals MD, chairman, board of directors and AGM

NSE: ATLBSE: 543954Transport InfrastructureSmall Cap

Last close ₹24.22down ₹1.15 (4.53%)BSE ₹24.19

Share price at the NSE close on 23 Oct 2026. Previous close ₹25.37.

52-week range of traded prices to 23 Oct 2026
₹18.20Low, 30 Mar 2026₹37.40High, 13 Nov 2025
Market cap
₹707 Cr1,714th largest listed
P/E
17.0
P/B
2.0
Dividend yield
Nonein the last 12 months
ROE
13.4%
ROCE
28.7%
Debt to equity
0.00
Volume, NSE
2,49,48246.9% delivered

Allcargo Terminals board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonKaiwan Dossabhoy Kalyaniwalla
  • Managing directorPranav Choudhary
  • Company Secretary and Compliance OfficerMalav Talati

6 directors3 independent1 executive2 non-executive

  • Kaiwan Dossabhoy Kalyaniwalla · ChairpersonNon-executive · joined Apr 2023 · 3 listed boards · 1 committee seat
  • Pranav Choudhary · Managing directorExecutive · joined Sep 2026 · 1 listed board · 2 committee seats
  • Shashi Kiran ShettyNon-executive · joined May 2026 · 2 listed boards
  • Mahendrakumar ChouhanIndependent · joined Apr 2023 · reappointed Apr 2026 · 41 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 1 as chair
  • Radha AhluwaliaIndependent · joined Apr 2023 · reappointed Apr 2026 · 41 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 1 as chair
  • Prafulla Premsukh ChhajedIndependent · joined Apr 2023 · reappointed Apr 2026 · 41 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 4 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Suresh Kumar Ramiah, left 31 Aug 2026: Others
  • Vaishnavkiran Shetty, left 8 Jun 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 24 Sep 20265 of 6 present3 independent · 43 days in between
    • 11 Aug 20265 of 6 present3 independent · 17 days in between
    • 24 Jul 20266 of 6 present3 independent · 63 days in between
    • 21 May 20265 of 6 present3 independent

  • Audit Committee

    Chair Prafulla Premsukh Chhajed

    Mahendrakumar Chouhan, Pranav Choudhary

    • 11 Aug 20263 of 3 present2 independent · 81 days in between
    • 21 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Radha Ahluwalia

    Mahendrakumar Chouhan, Kaiwan Dossabhoy Kalyaniwalla

    • 10 Aug 20263 of 3 present2 independent · 16 days in between
    • 24 Jul 20263 of 3 present2 independent · 64 days in between
    • 20 May 20262 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Mahendrakumar Chouhan

    Prafulla Premsukh Chhajed, Pranav Choudhary

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Radha Ahluwalia

    Prafulla Premsukh Chhajed, Ashish Chandna

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Mahendrakumar Chouhan

    Radha Ahluwalia, Pranav Choudhary

    • 10 Aug 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s S. R. Batliboi & Associates LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Allcargo Terminals AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Allcargo Terminals dividend history

Annual general meeting, 22 Sep 2026

72,697 shareholders on the register on 15 Sep 2026; present: 4 promoters and 50 others; votes counted by Mr. Pramod S. Shah / M/s Pramod S. Shah & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 together with the Report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 74.15% · promoters 100.00% · institutions 93.98% · other public 10.56%

  2. To appoint a Director in place of Mr Kaiwan Dossabhoy Kalyaniwalla (DIN: 00060776), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.97% · other public 0.06%

    Turnout: all 74.15% · promoters 100.00% · institutions 93.98% · other public 10.56%

  3. To appoint Mr. Pranav Choudhary (DIN: 08123475) as a Director of the Company
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 1.76% · other public 0.04%

    Turnout: all 74.15% · promoters 100.00% · institutions 93.98% · other public 10.56%

  4. To appoint and to fix Remuneration of Mr Pranav Choudhary (DIN: 08123475) as the Managing Director (Key Managerial Personnel) of the Company
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 1.76% · other public 0.06%

    Turnout: all 74.15% · promoters 100.00% · institutions 93.98% · other public 10.56%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 26 Jun 2026, 1 resolution

75,204 shareholders on the register on 22 May 2026; votes counted by Mr Vaibhav Dandawate / M/s Makarand M Joshi & Co.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Shashi Kiran Shetty (DIN: 00012754) as a Non-Executive, Non Independent Director of the Company
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.92% · other public 0.16%

    Turnout: all 74.24% · promoters 100.00% · institutions 95.56% · other public 10.78%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Apr 2026, 4 resolutions

76,859 shareholders on the register on 9 Mar 2026; votes counted by Vaibhav Dandawate / Makarand M. Joshi & Co..The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Mahendrakumar Chouhan (DIN: 00187253) as a Non-Executive, Independent Director for the second term of 3 (three) consecutive years
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 74.28% · promoters 100.00% · institutions 95.48% · other public 10.97%

  2. Re-appointment of Mrs. Radha Ahluwalia (DIN: 00936412) as a NonExecutive, Independent Director for the second term of 3 (three) consecutive years
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 74.28% · promoters 100.00% · institutions 95.48% · other public 10.97%

  3. Re-appointment of Mr Prafulla Chhajed (DIN: 03544734) as a NonExecutive Independent, Director for the second term of 3 (three) consecutive years
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 74.28% · promoters 100.00% · institutions 95.48% · other public 10.97%

  4. Approve remuneration payable to Mr Suresh Kumar Ramiah (DIN: 07019419), Managing Director of the Company from April 01, 2026 to March 31, 2028
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 1.76% · other public 0.21%

    Turnout: all 74.28% · promoters 100.00% · institutions 95.48% · other public 10.97%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2025, 5 resolutions

78,554 shareholders on the register on 19 Sep 2025; present: 4 promoters and 38 others; votes counted by Pramod S. Shah / M/s Pramod S. Shah & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 74.32% · promoters 100.00% · institutions 99.06% · other public 10.96%

  2. To appoint a Director in place of Mr Kaiwan Dossabhoy Kalyaniwalla (DIN: 00060776), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.97% · other public 0.06%

    Turnout: all 74.27% · promoters 100.00% · institutions 99.06% · other public 10.75%

  3. To appoint M/s Pramod S. Shah & Associates, Practicing Company Secretaries (Firm Registration No: MU000006598) as Secretarial Auditors of the Company for the first term of Five (5) consecutive years and fix their remuneration.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 74.32% · promoters 100.00% · institutions 99.06% · other public 10.96%

  4. To approve the “ATL CEO Employee Stock Option Plan – 2025”
    Special
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 1.75% · other public 0.88%

    Turnout: all 71.62% · promoters 100.00% · institutions 99.06% · other public 1.56%

  5. To grant employee stock options equal to or more than 1% of the issued capital of the Company to the identified employee under “ATL CEO Employee Stock Option Plan – 2025” of the Company
    Special
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 1.80% · other public 0.88%

    Turnout: all 71.62% · promoters 100.00% · institutions 99.06% · other public 1.56%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 14 Aug 2025, 3 resolutions

79,722 shareholders on the register on 11 Jul 2025; votes counted by Vijay Yadav / M/s AVS & Associates.The company's voting result (opens in a new tab)

  1. TO APPROVE ALTERATION OF ARTICLES OF ASSOCIATION OF THE COMPANY
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 74.33% · promoters 100.00% · institutions 98.53% · other public 11.08%

  2. TO APPROVE INCREASE OF AUTHORISED SHARE CAPITAL AND CONSEQUENT ALTERATION OF MEMORANDUM OF ASSOCIATION OF THE COMPANY
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 74.33% · promoters 100.00% · institutions 98.53% · other public 11.08%

  3. TO APPROVE THE ISSUE OF FULLY CONVERTIBLE WARRANTS ON A PREFERENTIAL BASIS TO THE PROMOTERS/PROMOTER GROUP OF THE COMPANY
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.36%

    Turnout: all 74.45% · promoters 100.00% · institutions 98.53% · other public 11.49%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 16 Feb 2025, 1 resolution

83,775 shareholders on the register on 10 Jan 2025; votes counted by Saurabh Agarwal / MMJB & Associates LLP.The company's voting result (opens in a new tab)

  1. To offer, issue and allot Equity Shares on Preferential Basis
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.38%

    Turnout: all 73.88% · promoters 99.70% · institutions 88.77% · other public 2.09%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 28 Oct 2024, 1 resolution

Present: 4 promoters and 40 others.The company's voting result (opens in a new tab)

  1. Approval of Material Related Party Transaction to acquire 9,12,00,000 Equity Shares of Haryana Orbital Rail Corporation Limited from Allcargo Logistics Limited, Promoter Group of the Company
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.33%

    Turnout: all 6.21% · promoters 0.00% · institutions 88.09% · other public 0.73%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 23 Sep 2024, 6 resolutions

Present: 4 promoters and 42 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the Report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 73.83% · promoters 100.00% · institutions 84.70% · other public 1.15%

  2. To appoint a director in place of Mr Vaishnavkiran Shetty (DIN: 07077444), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.11% for0.89% against

    Against: promoters 0.00% · institutions 10.47% · other public 0.24%

    Turnout: all 73.88% · promoters 100.00% · institutions 85.32% · other public 1.15%

  3. Approval of the ‘ATL – Employees Stock Appreciation Rights Plan – 2024’ (“ESAR 2024”/ “ESAR PLAN”)
    Special
    99.10% for0.90% against

    Against: promoters 0.00% · institutions 10.53% · other public 1.88%

    Turnout: all 73.88% · promoters 100.00% · institutions 85.32% · other public 1.15%

  4. Approval for Grant of Employee Stock Appreciation Rights to the Employees of the Subsidiary Company(ies) of the Company under ‘ATL – Employee Stock Appreciation Rights Plan 2024’
    Special
    99.10% for0.90% against

    Against: promoters 0.00% · institutions 10.53% · other public 2.10%

    Turnout: all 73.88% · promoters 100.00% · institutions 85.32% · other public 1.15%

  5. Approval for Grant of Employee Stock Appreciation Rights to the Employees of the Associate Company(ies) of the Company under ‘ATL – Employee Stock Appreciation Rights Plan 2024’
    Special
    99.10% for0.90% against

    Against: promoters 0.00% · institutions 10.53% · other public 2.07%

    Turnout: all 73.88% · promoters 100.00% · institutions 85.32% · other public 1.15%

  6. Payment of Commission to Non-Executive Directors including Independent Directors
    Special
    99.10% for0.90% against

    Against: promoters 0.00% · institutions 10.47% · other public 3.17%

    Turnout: all 73.88% · promoters 100.00% · institutions 85.32% · other public 1.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes and stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake boughtAllcargo Group Services Private LimitedSince 1 Jul 2026

    25.00% bought in the quarter; holding 25.00%, from 0.00%

  • Tax disputeIncome Tax Department -Assessing OfficerSince 13 May 2026
    The Company and its subsidiary (Speedy Multimodes Limited) received an assessment order under Section 158BC of the Income-tax Act, 1961 for the block period from 01.04.2018 to 05.04.2025. Pursuant to the said order, tax demand raised is as mentioned below: Allcargo Terminal limited- Rs.49,34,89,246/- Speedy Multimodes Limited (Material Unlisted WOS)- Rs. 3,69,00,075/- Total Rs. 53,03,89,321/- Out of the total demand of Rs. 53,03,89,321/-, an amount of Rs. 49,12,94,793/- pertains to the disallowance of deduction claimed under Section 80IA of the Income-tax Act, 1961 for Assessment Years 2023-24 to 2025-26. The issue involved relates to a long-standing interpretational matter concerning the eligibility of deduction in respect of the Company’s CFS business undertaking. Similar issues arising in earlier years in the case of the predecessor entity have been adjudicated favourably at the appellate stages, including relief granted by the Commissioner of Income Tax (Appeals). The Company is of the view that the deduction claimed is in accordance with the applicable provisions of law and is duly supported by judicial precedents. Accordingly, the Company is pursuing appropriate legal remedies. In respect of the balance demand amounting to Rs. 3,90,94,527/-, the Company is in the process of examining the order in detail and shall pursue such legal remedies as may be considered appropriate. The aforesaid matter does not have any impact on the operations, business continuity, or underlying financial position of the CompanyMoreLess
    At the filing before: The litigation pertaining to the aforesaid matter remains unchanged as per the last disclosure filed on June 2026 quarter

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Sep 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesSep 202538.28Expansion of container storage and handling capacity by developing new Container Freight Stations, Inland Container Depots together with upgradation of existing facilities29.080.00No
Preferential IssuesSep 202538.28General Corporate Purpose9.209.20No
Rights IssuesDec 2025, checked by Crisil Ratings Limited19.89Expansion of container storage and handling capacity by developing new Container Freight Stations, Inland Container Depots together with upgradation of existing facilities4.970.00No
Rights IssuesDec 2025, checked by Crisil Ratings Limited19.89Repayment of Loan4.970.00No
Rights IssuesDec 2025, checked by Crisil Ratings Limited19.89General Corporate Purpose9.959.95No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.