Allcargo Terminals Limited — Others, 06-01-2025: Change in Auditors

Allcargo Terminals Limited has announced a board meeting outcome where a loan of ₹3 crores has been approved for CEO Ashish Chandna, aimed at personal residential property needs. Furthermore, Ms. Archana Tiwari has been appointed as the new Internal Auditor, succeeding the previous auditor. The registered office will shift within the same premises to the 4th floor of Allcargo House.

This update could enhance investor confidence by ensuring robust internal controls with the new auditor, while the loan might raise scrutiny over financial practices despite being at arm's length. Overall, the strategic moves indicate a proactive approach to governance and operational management.