Allcargo Terminals Limited, a leading player in the logistics and terminal operations sector, has disclosed that the Income Tax Department initiated a search at its Registered Office and certain Corporate Offices on February 10, 2025. This development was communicated to stock exchanges in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has assured that it is fully cooperating with the officials and providing all necessary details and clarifications as required. No interim orders, directions, or allegations of violations have been issued against the company as of now.

Company’s Statement on Compliance and Corporate Governance

Allcargo Terminals reaffirmed its commitment to ethical business practices, legal compliance, and corporate governance. The company emphasized that it follows the highest standards of transparency and believes in the due process of law.

Despite the ongoing proceedings, the company has clarified that the search has no financial, operational, or business impact.

Regulatory Compliance & Disclosure

In line with regulatory obligations, Allcargo Terminals has provided the following information:

• Authority Conducting the Search: Income Tax Department
• Date of Search Initiation: February 10, 2025
• Interim Orders or Directions Received: None
• Alleged Violations or Contraventions: Not Applicable
• Impact on Financial/Operational Activities: No material impact reported

The company has also assured that all updates regarding this matter will be made available on its official website Allcargo Terminals.

Stock Market Impact & Investor Advisory

The market reaction to this development remains uncertain, as investors closely monitor any further updates from the company and regulatory authorities. Traders and investors are advised to stay informed about the situation through credible financial news sources.

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