Allcargo Logistics Re-appoints Mr. Sivaraman Narayanaswami as Independent Director
Allcargo Logistics Limited's Board approved the re-appointment of Mr. Sivaraman Narayanaswami as an Independent Director for a second term of one year. The term will commence on May 4, 2026, and conclude on May 3, 2027. Shareholder approval will be sought via postal ballot and remote e-voting.
The re-appointment of an existing independent director is a standard corporate governance procedure and is unlikely to have a material impact on the company's operations or financial performance.
The announcement is a routine corporate action regarding the re-appointment of a director and does not contain information that would significantly impact the company's stock price in either a positive or negative direction.
Allcargo Logistics Limited announced that its Board of Directors, through a Circular Resolution passed on April 23, 2026, has approved the re-appointment of Mr. Sivaraman Narayanaswami (DIN: 00001747) as an Independent Director.
This re-appointment is for a second term of one year, commencing from May 4, 2026, to May 3, 2027, inclusive. The re-appointment is subject to the approval of the shareholders, for which a Postal Ballot by way of remote e-voting will be conducted. The Board also approved the draft Postal Ballot Notice and the Calendar of Events, appointing Mr. Dhrumil Shah as the Scrutinizer for the process.
Mr. Narayanaswami is not related to any Director or Key Managerial Personnel of the Company and is not debarred from holding the office of director by any SEBI order or other authority. His re-appointment is based on the recommendation of the Governance and Nomination & Remuneration Committee.
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Allcargo Logistics Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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