Allcargo Terminals Limited — Others, 15-07-2025: Increase in Authorised Capital

Allcargo Terminals has announced a board meeting where it considered and approved key proposals, subject to shareholder approval. The company plans to alter its Articles of Association, updating internal rules related to share warrants, director appointments, and borrowing powers. Additionally, the authorized share capital will be increased from ₹55 Cr to ₹70 Cr. Crucially, the board approved raising funds up to ₹38.28 Cr by issuing 1.32 Cr fully convertible warrants on a preferential basis to its Promoters/Promoter Group at ₹29 per warrant. This move streamlines governance, expands future capital flexibility, and secures significant promoter funding for growth.