Event Details

The 3rd Annual General Meeting of Allcargo Global Limited was held on Tuesday, September 22, 2026, at 3:00 p.m. (IST) through Video Conferencing/Other Audio-Visual Means. The meeting concluded at 3:47 p.m. (IST).

Attendance

Directors Present:

  • Mr. Shashi Kiran Shetty (Founder & Chairman)
  • Mr. Adarsh Hegde (Managing Director)
  • Mr. Vaishnavkiran Shetty (Deputy Managing Director)
  • Ms. Radha Ahluwalia (Independent Director)
  • Mr. Shantanu Bhadkamkar (Independent Director)
  • Mr. Deepak Shetty (Independent Director)
  • Mr. Hetal Gandhi (Independent Director)

Other Attendees:

  • Mr. Stephen Dunn (CFO)
  • Ms. Swati Singh (Company Secretary and Compliance Officer)
  • Mr. Aniket Sohani (Partner, M/s S. R. Batliboi & Associates LLP)
  • Ms. Aashish Bhatt (Representative of M/s Aashish K. Bhatt & Associates)
  • Mr. Dhiraj Palav (Representative, M/s Dhrumil M. Shah & Co. LLP - Scrutinizer)

69 members were present through Video Conferencing throughout the meeting.

Meeting Proceedings

Mr. Shashi Kiran Shetty chaired the meeting. The Notice convening the AGM (dated May 30, 2026) was taken as read. The Register of Directors & Key Managerial Personnel and their Shareholding and Register of Contract or arrangement in which Directors are interested were available for electronic inspection.

Audit Reports

It was confirmed that the Auditors Report on Standalone and Consolidated Financial Statements and the Secretarial Audit Report for the Financial Year ended March 31, 2026, contained no qualifications, reservations, or adverse remarks that would adversely affect the company's functioning.

Voting Process

E-voting was arranged through NSDL's platform for all members holding shares as of the cut-off date of September 15, 2026. The remote e-voting period commenced on Saturday, September 19, 2026 (9:00 A.M) and concluded on Monday, September 21, 2026 (5:00 P.M). Members could also vote during the meeting until 15 minutes after the AGM conclusion.

Chairman's Address

Mr. Shashi Kiran Shetty delivered a speech on the Overview of the Business and Financial Performance of the Company for FY2025-26, including business highlights, Economic and Industry Outlook, and company prospects.

Resolutions Approved

All eight resolutions were approved by requisite majority:

Ordinary Business:

1. Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, with Board of Directors' Reports and Auditor's Reports

2. Reappointment of Arathi Shetty (DIN: 00088374) as Director retiring by rotation under Section 152(6) of Companies Act, 2013

Special Business:

3. Appointment of M/s. Aashish K. Bhatt & Associates as Secretarial Auditor for five consecutive years

4. Increase in Borrowing limits under Section 180(1)(c) of Companies Act, 2013

5. Creation of mortgage/charge on company assets for borrowings under Section 180(1)(a)

6. Increase in Authorized Share Capital of the Company

7. Revision in Remuneration of Adarsh Hegde (DIN: 00035040) as Managing Director

8. Waiver for recovery of managerial remuneration paid to Adarsh Hegde, Managing Director

Q&A Session

Members were invited to express views, seek clarifications, and ask questions on operations and financial performance. The Chairman and management responded to all queries raised.