Allcargo Terminals Limited — Others, 17-01-2025: Shareholders meeting

Allcargo Terminals Limited has announced a board meeting to seek shareholder approval for a special resolution to issue 63,64,800 equity shares on a preferential basis at ₹42.4 per share, involving a share swap with Mr. Ashish Chandna, CEO, for 40,80,000 shares of Speedy Multimodes Limited, increasing its ownership to 100%. This move aims to consolidate operations and enhance efficiency, providing operational synergies and improved service offerings. The e-voting process will occur from January 18 to February 16, 2025. This announcement may positively influence investor sentiment, reflecting strategic growth and operational optimization opportunities.