Allcargo Terminals to Issue 1.32 Crore Convertible Warrants to Promoters

Allcargo Terminals Limited announced that its Board of Directors, in a meeting held on July 15, 2025, approved the issuance and allotment of up to 1.32 crore fully convertible warrants on a preferential basis to the Promoters/Promoter Group, subject to shareholder approval. These warrants will be convertible into equivalent equity shares.

Details of Convertible Warrant IssuanceParticulars

Details

Type of Securities

Fully Convertible WarrantsType of Issuance

Preferential AllotmentTotal Number of Securities

Up to 1,32,00,000Issue Price

₹29 per warrant (including a premium of ₹27 per warrant)Total Amount Raised

₹38.28 Crore

Details of Allottees

The warrants will be issued to the following promoters and promoter group entities:

Impact on ShareholdingThe preferential issue will result in the following changes in the shareholding of the promoters and promoter group:

Shareholding PatternName of the AllotteeCategoryPre-Issue SharesPre-Issue %Post-Issue Shares

Post-Issue %

Shashi Kiran Janardhan ShettyPromoter14,63,58,07158.06%15,80,02,992

59.57%Arathi ShettyPromoter73,51,3532.92%79,36,260

2.99%Adarsh Sudhakar HegdePromoter45,45,5001.80%49,07,161

1.85%Priya Adarsh HegdePromoter Group1,92,0000.08%2,07,276

0.08%The Shloka Shetty Trust (Shashi Kiran Shetty as Trustee)Promoter Group74,56,0152.96%80,49,250

3.03%

Other ApprovalsThe Board also approved the following, subject to shareholder approval:

• Alteration of Articles of Association (AOA) of the Company as per Companies Act, 2013, including clauses for nomination by securities holders, share warrants, appointment of alternate director, appointment of director in casual vacancy, nominee directors, borrowing power, and secrecy.
• Increase in Authorized Share Capital and Alteration of the Capital Clause of the Memorandum of Association (MOA) of the Company, increasing the authorized share capital from ₹55 Crore to ₹70 Crore.

Details of Alteration of Articles of Association (AOA)The alteration of the AOA includes insertion of new clauses and amendments to existing clauses:

• Insertion Clauses: Nomination by Securities Holders (Clause 9), Share Warrants (Clause 39), Appointment of Alternate Director (Clause 67), Appointment of Director in Casual Vacancy (Clause 68), Nominee Directors (Clause 69), Borrowing Power (Clause 93), and Secrecy (Clause 94).
• Amended Clauses: Board of Directors (Clause 66) and Share Capital and variation of Rights (Article II- Clause 1).
• Deletion Clause: Common Seal (Article 1 Clause 1(b) and Article 2 Clause 81).

Changes in Memorandum of Association (MOA)The authorized share capital of the company will be increased from ₹55,00,00,000 (Rupees Fifty-Five Crores Only) divided into 27,50,00,000 (Twenty-Seven Crores Fifty Lakhs) Equity Shares of ₹2/- (Rupees Two Only) each to ₹70,00,00,000 (Rupees Seventy Crores Only) divided into 35,00,00,000 (Thirty Five Crores) Equity Shares of ₹2/- (Rupees Two Only) each.Meeting Conclusion

The board meeting commenced at 11:00 a.m. and concluded at 12:30 p.m. (IST) on July 15, 2025.