Allcargo Logistics Limited — Others, 21-05-2025: Shareholders meeting

Allcargo Logistics Limited has announced a postal ballot to approve the re-appointment of founder and Chairman Shashi Kiran Shetty as Managing Director for three years from April 2025. His annual salary is set at Rs 10 Cr, with possible increments up to Rs 15 Cr, plus performance-based commission and other benefits including housing and travel. Shetty’s leadership has driven Allcargo’s expansion into a billion-dollar global logistics company operating in over 160 countries, reinforcing stability and continuity in its top management.