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Allcargo Logistics Ltd — Capital/Financing Update 2024
Oct 30, 2024
61291_rns_2024-10-30_06b42abc-b6c0-44df-952d-282243c672e1.pdf
Capital/Financing Update
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October 30, 2024
| To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400 001 BSE Scrip Code:532749 |
To, National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (East), Mumbai - 400 051 NSE Symbol:ALLCARGO |
|---|---|
Dear Sir/Madam,
Sub: Intimation of execution of Share Purchase Agreement (SPA) for sale of 9,12,00,000 Equity Shares (7.60%) of paid-up capital of Haryana Orbital Rail Corporation Limited held by Allcargo Logistics Limited to Allcargo Terminals Limited, Promoter Group Company.
Ref: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In continuation of our earlier intimation dated October 01, 2024, in terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations” ) read with Part A of Schedule III of the Listing Regulations, in relation to the sale of its 9,12,00,000 Equity Shares (7.60%) of current paid-up capital of Haryana Orbital Rail Corporation Limited held by the Company to Allcargo Terminals Limited (ATL), Promoter Group Company.
We would like to further inform that the Company and ATL has executed the SPA for sale of Equity Shares of Haryana Orbital Rail Corporation Limited to ATL on October 28, 2024.
Details as required under Regulation 30 of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is attached as “ Annexure-A ”.
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 PARSHOTTAM MOJIDRA MOJIDRA Date: 2024.10.30 17:53:28 +05'30'
Devanand Mojidra Company Secretary & Compliance Officer Membership No.: A14644
Encl: a/a
ALLCARGO LOGISTICS LIMITED Allcargo House, 6[th] Floor, CST Road, Kalina, Santacruz (E), Mumbai ‐ 400 098. Maharashtra. India. T: +91 22 6679 8110 | www.allcargologistics.com | CIN: L63010MH2004PLC073508 | GSTN: 27AACCA2894D1ZS e‐mail id: [email protected]
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Annexure - A
Disclosures pursuant to Regulation 30 of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
| Sr. No. |
Particular | Details |
|---|---|---|
| 1 | Name(s) of parties with whom the agreement is entered. |
Allcargo Terminals Limited, Promoter Group Company |
| 2 | Purpose of entering into the agreement. |
Sale of 9,12,00,000 Equity Shares (7.60%) of current paid-up capital of Haryana Orbital Rail Corporation Limited to Allcargo Terminals Limited, Promoter Group Company. |
| 3 | Shareholding, if any, in entity with whom agreement is executed |
Nil |
| 4 | Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares. Right to restrict any change in capital structure etc. |
Not Applicable |
| 5 | Whether, the said parties are related to promoter/ promoter group/group companies in any manner. If yes, nature of relationship |
Yes, Promoter group company |
| 6 | Whether the transaction would fall within related party transactions? If yes, whether the same is done at **“arms length”. ** |
Yes, the related party transaction is at arm's length. |
| 7 | In case of issuance of shares to the parties, details of issue price, class of shares issued. |
Not Applicable |
| 8 | Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc |
Not Applicable |
| 9 | In case of termination or amendment of agreement listed entity shall disclose additional details to the stock exchange(s): |
Not Applicable |
| a) | name of parties to the agreement | - |
| b) | nature of the agreement | - |
| c) | date of execution of the agreement | - |
| d) | details of amendment and impact thereof or reasons of termination and impact thereof |
- |
ALLCARGO LOGISTICS LIMITED
Allcargo House, 6[th] Floor, CST Road, Kalina, Santacruz (E), Mumbai ‐ 400 098. Maharashtra. India. T: +91 22 6679 8110 | www.allcargologistics.com | CIN: L63010MH2004PLC073508 | GSTN: 27AACCA2894D1ZS e‐mail id: [email protected]