Allcargo Terminals Limited — Others, 10-02-2025: Giving guarantees/indemnity/ becoming a surety for third party

Allcargo Terminals Limited's Board meeting has yielded several key decisions. The company approved its financial results for the quarter and nine months ended December 31, 2024, reporting a profit after tax of ₹40.66 crore on total income of ₹128.37 crore. In a strategic move, the corporate guarantee to HDFC Bank for its material subsidiary, Speedy Multimodes Limited, was increased to ₹83.1 crore. Additionally, Mr. Debashis Sethi and Ms. Renuka Maheshwari have been appointed as Senior Management Personnel. These developments may signal a positive outlook for investor sentiment, bolstered by strong financial performance and governance enhancements.