The Board of Directors of Allcargo Group Services Private Limited (AGSPL) has by way of resolution passed on July 01 2026 approved the allotment of equity shares by way of preferential allotment on private placement basis to Allcargo Global Limited Allcargo Logistics Limited and Allcargo Terminals Limited.Consequent to the aforesaid the Companys shareholding in AGSPL stands reduced from 100% to 25% and AGSPL has ceased to be a Wholly Owned Subsidiary of the Company with effect from July 01 2026. Accordingly AGSPL has become an Associate Company within the meaning of Section 2(6) of the Companies Act 2013.Kindly take the same on your records.
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