Allcargo Terminals Managing Director Steps Down Due to Superannuation
Allcargo Terminals Limited has announced the superannuation of Mr. Suresh Kumar Ramiah from his key leadership roles within the company.The company confirmed that Mr. Suresh Kumar Ramiah, identified by DIN 07019419, will cease to be the Managing Director (Key Managerial Personnel) and a member of several important committees, effective August 31, 2026. This decision is consequent to his superannuation, aligning with the company's retirement policy.
The cessation details provided indicate that Mr. Ramiah stepped down from multiple roles within the organization.
A summary of the reported events relating to this transition includes:
| Role/Event | Details | Effective Date |
|---|---|---|
| Primary Designation Cessation | Managing Director (Key Managerial Personnel) | August 31, 2026 |
| Committee Membership Cessations | Audit Committee and Stakeholders Relationship Committee | August 31, 2026 |
| CSR Committee Role | Corporate Social Responsibility Committee | August 31, 2026 |
In addition to these roles, Mr. Ramiah is also stepping down from the position of Chairperson of the Executive Committee, as well as his role as a Member and Nodal Officer of Those Charged With Governance, with effect from August 31, 2026.
The company placed on record its appreciation for the services rendered by Mr. Suresh Kumar Ramiah and for his contributions during his tenure at Allcargo Terminals Limited.
ATL Stock Price Movement
Shares of Allcargo Terminals Limited slipped by 2.00% in trading, closing the session today at ₹24.58 after shedding ₹0.50. The stock saw intraday volatility, trading between a low of ₹24.4 and a high of ₹25.5 amid a volume of 176,958 shares.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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