Allcargo Terminals Limited — Important, 17-04-2025: General Updates

Allcargo Terminals Limited has completed the acquisition of 40,80,000 shares (15%) of Speedy Multimodes Limited (SML) from its CEO, Ashish Vijayprakash Chandna. This transaction, executed under a Share Purchase Agreement dated March 10, 2025, now makes SML a wholly owned subsidiary of Allcargo. This acquisition could enhance Allcargo’s operational capabilities and market presence as it integrates SML’s resources and services into its portfolio, potentially driving growth and improving shareholder value. Investors should watch closely for developments regarding the strategic integration of SML into Allcargo's operations.