Allcargo Logistics Ltd Announces Re-appointment of Sivaraman Narayanaswami as Independent Director
Allcargo Logistics Ltd announced that its Board of Directors approved the re-appointment of Mr. Sivaraman Narayanaswami as an Independent Director. The Board passed the resolution recommending this re-appointment on April 24, 2026.Mr. Sivaraman Narayanaswami will serve a second term as an Independent Director for one year. The new term is slated to commence on May 4, 2026, and conclude on May 3, 2027, inclusive, subject to the final approval of the Shareholders. This decision follows a recommendation made by the Governance and Nomination & Remuneration Committee of the Board.
The Company also approved seeking the shareholders' consent for this re-appointment through a Postal Ballot conducted via remote e-voting. Furthermore, the Board approved the draft Postal Ballot Notice and Calendar of Events and appointed Mr. Dhrumil Shah, Partner at Dhrumil M. Shah & Co. LLP, as the Scrutinizer for the process.
Independent Director Appointment Details
The key details regarding the appointment are summarized below:| Director Name | Role | Term Duration | Period |
|---|---|---|---|
| Mr. Sivaraman Narayanaswami (DIN: 00001747) | Independent Director | One Year (Second Term) | May 4, 2026, to May 3, 2027 |
Profile of Mr. Sivaraman Narayanaswami
Mr. Sivaraman Narayanaswami is described as a seasoned business leader with over four decades of experience in finance and organizational leadership. His career highlights include demonstrating deep expertise in areas such as strategy, business planning, organization building, capital raising, mergers and acquisitions, and investor relations.His professional tenure included roles such as Managing Director and Group CEO at ICRA Limited. He also held senior positions, including President & Whole-time Director of L&T Finance Holdings Ltd. ('LTFH') and Chief Operating Officer (COO) at IL&FS.
Among his major achievements, noted are the transformation and growth of LTFH between 2006 and 2016, and the successful demerger of L&T's cement business. During his time at IL&FS, his responsibilities encompassed asset monetization, creditor engagement, and loan restructuring. He was instrumental in proposing an Infrastructure Investment Trust comprising the road assets of the IL&FS Group.
Regarding potential conflicts, Mr. Sivaraman Narayanaswami is not related to any Director or Key Managerial Personnel of Allcargo Logistics Ltd.
ALLCARGO Stock Price Movement
Allcargo Logistics Limited shares today slipped by 0.11% to settle at ₹9.28. The stock traded on a notable volume of 4.25 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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