Allcargo Logistics Limited, a leading integrated logistics company, has made significant appointments in its leadership team. On March 29, 2025, the Board of Directors, based on the recommendations of the Governance, Nomination and Remuneration Committee, approved the re-appointment of Mr. Shashi Kiran Shetty as Chairman & Managing Director of the company. This reappointment is effective from April 1, 2025, for a term of three years, subject to shareholder approval at the upcoming 32nd Annual General Meeting (AGM).

Mr. Shetty is a visionary leader who has been instrumental in shaping the logistics industry in India. With over three decades of experience, he founded Allcargo Logistics in 1994, which has grown to become India's largest integrated logistics player. Under his leadership, the company has expanded its services globally, with operations in over 160 countries, employing more than 8,500 individuals and generating substantial revenue. His strategic acquisitions, including ECU Worldwide and Gati, have strengthened Allcargo's position in the global logistics market. Mr. Shetty's leadership has also led to a strong commitment to sustainability, with the company aiming to become carbon-neutral by 2040.

In addition to Mr. Shetty's re-appointment, the company has appointed Mrs. Swati Singh as Company Secretary and Compliance Officer, effective from March 29, 2025. Mrs. Singh brings with her nearly two decades of experience in corporate governance and compliance, having worked with major multinational companies such as InterGlobe Aviation, Aditya Birla Group, and VFS Global. She is a qualified Company Secretary and has a law degree from Mumbai University, along with an MBA from NMIMS Global Access School for Continuing Education.

Both appointments are in compliance with the provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These appointments ensure that Allcargo Logistics continues to be managed with the highest standards of corporate governance and compliance.

The company also informed that in accordance with Regulation 30(5) of SEBI LODR, key managerial personnel (KMP) are authorized to determine the materiality of events or information and make the necessary disclosures to the stock exchanges. The KMPs include the Company Secretary and Compliance Officer, the Managing Director, the Chief Financial Officer, and the Chairman of the Board.

Allcargo's commitment to corporate governance is further highlighted by these leadership changes, which reflect the company's focus on maintaining high levels of transparency, compliance, and effective governance. The company's website will also be updated with these developments.

This announcement reinforces Allcargo Logistics' ongoing efforts to strengthen its leadership team and ensure continued growth and success in the global logistics market.

The Current active IPO are Aten Papers & Foam Limited, Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited.

The Closed IPOs are  Identixweb Limited, ATC Energies System Limited, Shri Ahimsa Naturals Limited, Desco Infratech Limited.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.