Allcargo Terminals Limited — Others, 17-12-2024: Resignation

Ms. Rani Shah has resigned from her position as Internal Auditor of Allcargo Terminals Limited due to pre-occupation with other commitments, effective December 16, 2024. The company confirms there are no material reasons for her resignation beyond personal engagements. This change may prompt a reassessment of internal controls and governance, potentially affecting financial oversight. For investors, this could imply a neutral impact in the short term, as no immediate risks are identified, but it may present an opportunity for the company to strengthen its internal audit function moving forward.