Allcargo Logistics Ltd — Capital/Financing Update 2023

Mar 27, 2023

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To,	To,
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza, C-1, Block G
Dalal Street, Fort,	Bandra Kurla Complex
Mumbai-400 001	Bandra (East), Mumbai - 400 051
**BSE Scrip Code:**532749	**NSE Symbol:**ALLCARGO

March 27, 2023

Dear Sir/ Madam,

Subject: Update on Acquisition of 30% stake of Gati-Kintetsu Express Private Limited

With reference to our outcome of Board Meeting dated November 09, 2022 and in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “ Listing Regulations ”), this is to inform you that Share Purchase Agreement has been signed between the Company, KWE-Kintetsu World Express (S) Pte Ltd (“ KWE Singapore ”), KWE Kintetsu Express (India) Private Limited (“ KWE India ”), Gati Limited and Gati-Kintetsu Express Private Limited (“ GKEPL ”) for acquisition of aggregate 1,50,000 Equity Shares i.e. 30% stake of GKEPL, comprising of 1,30,000 Equity Shares (i.e. 26% stake) in GKEPL from KWE Singapore and 20,000 Equity shares, i.e. 4% stake in GKEPL from KWE India, for an aggregate consideration of INR 406,70,50,000/-.

The aforesaid information shall be made available on the Company's website at www.allcargologistics.com.

Kindly take the above on record.

Thanking you,

Yours faithfully,

For Allcargo Logistics Limited

DEVANAND Digitally signed by DEVANAND PARSHOTTAM MOJIDRA PARSHOTTAM MOJIDRA Date: 2023.03.27 19:06:08 +05'30' Devanand Mojidra Company Secretary & Compliance Officer

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Allcargo Logistics Limited, 6[th] Floor, Allcargo House, CST Road, Kalina, Santacruz (E), Mumbai - 400 098. India. T: +91 22 6679 8110 | www.allcargologistics.com | CIN: L63010MH2004PLC073508 | GSTN: 27AACCA2894D1ZS