Allcargo Gati Limited — Important, 06-02-2025: Updates

The Board of Directors of Allcargo Gati Limited has approved several key developments. It has reported the unaudited financial results for the quarter ending December 31, 2024, highlighting a profit before tax of ₹495 lakh, up from ₹408 lakh in the previous quarter, with total income of ₹5,373 lakh. The authorized share capital will increase from ₹35 crore to ₹70 crore, allowing for additional equity shares. Mr. Ketan Nishikant Kulkarni has been appointed as Managing Director and Chief Executive Officer of the Gati Express & Supply Chain subsidiary. Additionally, 13,861 equity shares were allotted under the Employees Stock Appreciation Rights Plan. This strategic direction may attract investor interest as the company expands its operational capacity and strengthens its management. Watch closely for future developments, particularly regarding the approval of the capital increase by shareholders and the upcoming board meeting for further strategic alignment.