Allcargo Terminals Approves Key Appointments and Reviews Q2 Results; Extends Inter-corporate Deposit Tenure

Allcargo Terminals Approves Key Appointments and Reviews Q2 Results; Extends Inter-corporate Deposit Tenure​

Allcargo Terminals Limited has approved the appointment of a new Additional Director and Managing Director (KMP) following its Board meeting on August 11, 2026. The company also reviewed its standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, and extended an inter-corporate deposit agreement with its subsidiary, Speedy Multimodes Limited.

The Board Meeting approved several key governance matters, including the reconstitution of various committees effective September 1, 2026. Mr. Pranav Choudhary was approved for appointment as an Additional Director and Managing Director (Key Managerial Personnel) for a term of three years, subject to shareholder approval.

Governance Updates and Leadership Appointments​

The Board meeting also focused on the restructuring of critical board committees. Effective September 1, 2026, the company's committees were reconstituted:

• Audit Committee: Members include Mr. Prafulla Chhajed (Chairperson), Mr. Mahendrakumar Chouhan, and Mr. Pranav Choudhary.
• Stakeholders Relationship Committee: The committee comprises Mr. Mahendrakumar Chouhan (Chairperson), Mr. Prafulla Chhajed, and Mr. Pranav Choudhary.
• Corporate Social Responsibility Committee: This committee is chaired by Mr. Mahendrakumar Chouhan and includes Mrs. Radha Ahluwalia and Mr. Pranav Choudhary as members.

Mr. Pranav Choudhary is described as a seasoned infrastructure and ports industry veteran with over 25 years of experience in strategic leadership, project finance, and stakeholder management. His previous roles include Chief Executive Officer (Ports) at Adani Ports and SEZ Limited (APSEZ), and Chief Executive Officer of Hazira and Dahej Ports.

Financial Performance Review for Q2 FY26​

The Board reviewed the unaudited financial results for both the consolidated group and the standalone company for the quarter ended June 30, 2026. The consolidated results, which include entities such as Speedy Multimodes Limited (Subsidiary Company), ATL FTWZ Private Limited (Subsidiary Company), Allcargo Logistics Park Private Limited (Joint Venture), TransNepal Freight Services Private Limited (Joint Venture), and Haryana Orbital Rail Corporation Limited (Associate Company), showed total income of 216.49 crore.

The unaudited consolidated financial results for the quarter ended June 30, 2026 are as follows:

Standalone Financial Results Overview​

In the standalone results, total income for the quarter ended June 30, 2026, stood at 156.14 crore. The key financial metrics from the standalone statement are summarized below:

Inter-corporate Deposit Extension​

The Board of Directors reviewed and approved the availability and subsequent extension of an inter-corporate deposit (ICD) from Speedy Multimodes Limited, a wholly owned subsidiary of the Company. The initial ICD was set at 30 crore for a period of one year, valid up to September 11, 2026. The Board subsequently approved extending the tenure of this ICD Agreement for an additional one year, covering the period from September 12, 2026, to September 11, 2027. All other terms and conditions of the original agreement remain unchanged.

ATL Stock Price Movement​

Shares of Allcargo Terminals Limited today shed 2.00% as they settled at ₹24.58 after closing in the post-market session. The equity saw a decline of ₹0.50, trading amidst a volume of 176,958 shares during the day.