Allcargo Gati Limited — Others, 06-02-2025: Appointment

Allcargo Gati Limited has announced a board meeting where key updates were approved. The company has reported its unaudited financial results for the third quarter of FY 2024-25, showing a revenue from operations of ₹48.37 crore, with a profit after tax of ₹4.10 crore. Additionally, the board approved an increase in authorized share capital from ₹35 crore to ₹70 crore, leading to an amendment in the Memorandum of Association. Ketan Nishikant Kulkarni has been designated as the Managing Director and CEO of its material subsidiary, Gati Express & Supply Chain Private Limited, which could enhance strategic leadership.

This update signals a positive outlook for the company as it seeks growth through capital expansion and effective management.