Allcargo Logistics Ltd — Capital/Financing Update 2024

Oct 1, 2024

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October 01, 2024

To,BSE LimitedPhiroze Jeejeebhoy Towers,Dalal Street, Fort,Mumbai-400 001BSE Scrip Code: 532749	To,National Stock Exchange of India LimitedExchange Plaza, C-1, Block GBandra Kurla ComplexBandra (East), Mumbai - 400 051**NSE Symbol:**ALLCARGO

Dear Sir/Madam,

• Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding sale of 9,12,00,000 Equity Shares (7.60%) of Haryana Orbital Rail Corporation Limited held by Allcargo Logistics Limited to Allcargo Terminals Limited, Promoter Group Company.

In accordance with 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, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e Tuesday, October 01, 2024, inter alia, has considered and approved the sale of its 9,12,00,000 Equity Shares (7.60%) of Haryana Orbital Rail Corporation Limited held by the Company to Allcargo Terminals Limited, Promoter Group Company for total consideration of Rs.115 crores.

The proposed transaction has been approved by the Audit Committee and Board of Directors of the Company in accordance with Section 177, Section 188 & other applicable provisions of Companies Act, 2013 and Listing Regulations.

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.

The meeting commenced at 05:20 p.m. and concluded at 06:02 p.m.

Kindly take the above on record.

Thanking you, Yours faithfully, For Allcargo Logistics Limited

DEVANAND Digitally signed by DEVANAND PARSHOTTA PARSHOTTAM MOJIDRA Date: 2024.10.01 M MOJIDRA 20:25:57 +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: investor.relations@allcargologistics.com

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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

The details of sale of 9,12,00,000 Equity Shares (7.60%) of Haryana Orbital Rail Corporation Limited (HORCL) are mentioned below:

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----- Start of picture text ----- Sr. Particular DetailsNo.1 The amount and percentage of theturnover or revenue or income and net Particulars Amountworth contributed by such unit ordivision of the listed entity during the Total Income 56.36 Lakhslast financial year i.e. 31st March 2024Profit for the year 9 LakhsNet Worth 2,261.48 CroresNote: Presently, the Company hasinvestment of 7.60% of paid-up capital inHORCL. As per Ind-AS 28, the investment inHORCL has been accounted for using theequity method therefore an amount of Rs. 69thousand has been added to the Company’sMarch 2014 full year results as a share ofprofit from associate.2 Date on which the agreement for sale The Company shall enter into a Sharehas been entered into Purchase Agreement with Allcargo TerminalsLimited (ATL) for sale of equity shares ofHORCL within 90 days.3 The expected date of completion of The transaction is expected to be completedsale/disposal in 90 days from the date of agreement.4 Consideration received from such Consideration of Rs.115 Crores shall besale/disposal received by the Company on completion ofthe proposed transaction.5 Brief details of buyers Allcargo Terminals Limited, a Companyincorporated under the provisions of theCompanies Act, 2013 and is carrying on thebusiness of providing services of CFS/ ICDand allied services. The Company has itsregistered office at 2nd Floor, A Wing,Allcargo House, CST Road, Kalina,Santacruz (East), Mumbai - 400098,Maharashtra6 Whether any of the buyers belong to Yes, Promoter group.the promoter/ promoter group/groupcompanies. If yes, details thereof;----- End of picture text -----

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: investor.relations@allcargologistics.com

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7	Whether the transaction would fallwithin related party transactions? Ifyes, whether the same is done at"arm's length"	Yes, the related party transaction is at arm'slength.
8	Additionally, in case of a slump sale,indicative disclosures provided foramalgamation/merger,shallbedisclosed by the listed entity withrespect to such slump sale	Not Applicable

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: investor.relations@allcargologistics.com