Allcargo Terminals Limited — Board Meeting, 17-01-2025: Outcome of Board Meeting

The Board has approved a preferential issue of 63,64,800 equity shares at INR 42.4 per share to acquire a 15% stake in Speedy Multimodes Limited (SML) from Mr. Ashish Chandna, the CEO. This transaction, which is a related party deal, aims to make SML a wholly-owned subsidiary, enhancing operational efficiencies and regulatory compliance. The acquisition is valued at INR 66.3 per share for the shares held by Chandna in SML. The completion of the acquisition is expected within 15 days following the approval of the special resolution.