Allcargo Logistics Ltd - Interim / Quarterly Report 2026

==> picture [117 x 66] intentionally omitted <==

August 12, 2025

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

Dear Sirs,

Subject: Outcome of the Board Meeting

In accordance with Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the " Listing Regulations "), this is to inform you that the Board of Directors of the Company at its Meeting held today i.e., Tuesday, August 12, 2025, have inter alia

a) considered and approved the Un-audited Standalone and Consolidated Financial Results for quarter ended June 30, 2025, along with Limited Review Reports of the Statutory Auditors with unmodified opinion free from any qualification.

A copy of the said Financial Results together with the Limited Review Report is enclosed herewith. as Annexure A .

b) Based on the recommendation of the Audit Committee, approved appointment of M/s MSKC & Associates LLP, Chartered Accountants (FRN: 001595S / S000168) as the Statutory Auditors of the Company for a term of five consecutive years commencing from FY 2025-2026 till FY 2029-2030 along with remuneration, subject to approval of the shareholders of the Company at the ensuing 32[nd] Annual General Meeting.
c) Notice Convening of the 32[nd] Annual General Meeting (AGM) scheduled to be held on Wednesday, September 24, 2025 at 3:00 P.M. (IST) through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD2/CIR/P/2024/185 dated December 31, 2024, are mentioned below as – Annexure B .

The meeting commenced at 4:55 p.m. (IST) and concluded at 6:00 p.m. (IST).

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 Digitally signed by SWATI GOPAL SWATI GOPAL SINGH SINGH Date: 2025.08.12 19:03:48 +05'30' Swati Singh Company Secretary & Compliance Officer Membership No.: A20388

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]

Annexure -A

12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel: +91 22 6819 8000

==> picture [208 x 14] intentionally omitted <==

Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Allcargo Logistics Limited

We have reviewed the accompanying statement of unaudited standalone financial results of Allcargo Logistics Limited (the “Company”) for the quarter ended June 30, 2025 (the “Statement”) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).
The Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company’s Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

==> picture [208 x 14] intentionally omitted <==

Allcargo Logistics Limited Limited Review Report – June 30, 2025 Page 2 of 2

We draw attention to Note 9 to the accompanying Statement, which describes the Search operation by the Income tax Authorities at various premises of the Company’s, its subsidiaries business premises and at the residence of three of its key managerial personnel. Our opinion is not modified in respect of this matter.

For S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004

Aniket Anil Sohani

Digitally signed by Aniket Anil Sohani DN: cn=Aniket Anil Sohani, o=Personal, [email protected] Date: 2025.08.12 18:56:41 +05'30'

per Aniket A Sohani Partner Membership No.: 117142 UDIN: 25117142BMKVRF5931 Mumbai August 12, 2025

==> picture [101 x 50] intentionally omitted <==

ALLCARGO LOGISTICS LIMITED

Regd Office: Allcargo House, 6th Floor, CST Road, Kalina, Santacruz (E), Mumbai - 400 098

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2025

==> picture [540 x 441] intentionally omitted <==

----- Start of picture text -----

Rs in lakhs
Quarter ended Year ended
Particulars 30 Jun 2025 31 Mar 2025 30 Jun 2024 31 Mar 2025
(Unaudited) (Audited) (Unaudited) (Audited)
(Refer Note 11)
1 Income
(a) Income from operations 49,656 63,140 52,647 2,48,558
(b) Other income (Refer note 5) 128 41 245 2,895
(c) Foreign Exchange Gain (Net) (Refer Note 10) 43 162 - 84
Total income 49,827 63,343 52,892 2,51,537
2 Expenses
(a) Operating expenses 42,920 55,933 46,361 2,21,075
(b) Employee benefits expenses 2,697 2,679 2,526 10,599
(c) Finance costs 1,252 1,310 1,167 5,098
(d) Depreciation and amortisation expenses 321 309 349 1,406
(e) Foreign Exchange Loss (Net) (Refer Note 10) - - 8 -
(f) Other expenses 1,698 2,332 2,047 8,960
Total expenses 48,888 62,563 52,458 2,47,138
3 Profit before tax and exceptional items for the quarter / year (1 - 2) 939 780 434 4,399
4 Exceptional items (Refer note 3) - - - 2,380
5 Profit before tax (3+4) 939 780 434 6,779
6 Tax expense
(a) - Current tax 229 271 46 1,177
(b) - Deferred tax charge/(credit) 6 (61) 52 (34)
(c) - Tax adjustments for earlier years (net of deferred tax) (Refer Note 7) - - - (2,552)
7 Profit after tax for the quarter / year (5-6) 704 570 336 8,188
8 Other comprehensive income / (loss)
(i) Items that will not be reclassified to profit or loss (net of tax) (8) 10 4 (47)
(ii) Items that will be reclassified to profit or loss (net of tax) - - - (329)
Other comprehensive income / (loss) for the quarter / year, net of tax (8) 10 4 (376)
9 Total comprehensive income (7+8) 696 580 340 7,812
10 Paid-up equity share capital (Face value of Rs. 2 each) 19,656 19,656 19,656 19,656
11 Other Equity 90,693
12 Earnings Per Share (Face value of Rs. 2 each) (not annualised for the
quarters)
(a) Basic 0.07 0.06 0.03 0.83
(b) Diluted 0.07 0.06 0.03 0.83
----- End of picture text -----

ALLCARGO LOGISTICS LIMITED

Allcargo House, 6th 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]

Notes:

==> picture [83 x 40] intentionally omitted <==

1) The above unaudited Standalone financial results of Allcargo Logistics Limited ("the Company") have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with the Companies (Indian Accounting Standards) Rules ,2015, as amended, other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India ("SEBI").
2) The Statement of Unaudited Standalone Financial Results for the quarter ended June 30, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on August 12, 2025. The Statutory Auditors have reviewed these results pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. There are no qualifications in the report issued by the auditors.

==> picture [486 x 47] intentionally omitted <==

----- Start of picture text -----

3) Exceptional items include the following:-
Particulars Quarter ended Year ended
30 Jun 2025 31 Mar 2025 30 Jun 2024 31 Mar 2025
Gain on sale of stake in Associate (Refer note a below) - - - 2,380
TOTAL - - - 2,380
----- End of picture text -----

(a) On October 28, 2024, the Company sold its stake in Haryana Orbital Rail Corporation Limited ("HORCL") (912 lakhs equity shares representing 7.6% stake) to Allcargo Terminals Limited for a consideration of Rs.11,500 lakhs which included contingent consideration of Rs.1,100 Lakhs subsequently received on April 22, 2025. Profit on sale of investment of Rs 2,380 Lakhs has been treated as an exceptional item.
4) The Board of Directors of the Company at its meeting held on December 21, 2023, approved the Composite Scheme of Arrangement between Allcargo Logistics Limited (“the Company”), Allcargo Supply Chain Private Limited, (“ASCPL”), Gati Express & Supply Chain Private Limited (“GESCPL”), Allcargo Gati Limited (“Gati”) and Allcargo ECU Limited, (“AEL”) , (all subsidiaries of the Company) and their respective shareholders (“the Scheme”). The Scheme includes:
1) Demerger of International Supply Chain business of the Company in AEL effective from appointed date of October 01, 2023.
2) Merger of ASCPL and GESCPL with GATI effective from appointed date of October 01, 2023
3) Merger of GATI with Company, post the merger of ASCPL and GESCPL into GATI on the date, the scheme becomes effective. The Scheme has been approved by BSE on October 09, 2024 and by NSE on October 10, 2024. The Scheme alongwith a petition to approve the same has been filed with the National Company Law Tribunal (NCLT) which has instructed the Company and Gati to hold Extraordinary General Meeting ("EGM") respectively to approve the Scheme. The NCLT-convened shareholders’ meeting was held on February 18, 2025, where the Scheme was approved by the shareholders and NCLT has scheduled a hearing on August 13, 2025.

5)	Other income includes : Particulars Dividend received from wholly owned subsidiaries	Year ended 30 Jun 2025 31 Mar 2025 30 Jun 2024 31 Mar 2025 - - - 1,530 Quarter ended

6) The Company's Chief Operating Decision maker (CODm) reviews business and operations as a single segment i.e. International Supply Chain, accordingly financial results are reported as single reportable segment in accordance with Ind AS 108 - Operating Segments.
7) The Board of Directors in their meeting held on May 25, 2024 had recommended a final dividend of Re. 1/- per share for the year ended March 31, 2024 aggregating to Rs. 9,828 lakhs which has been approved by the shareholders at the Annual General Meeting of the Company held on September 26, 2024, which was paid on October 03, 2024. Futher the Board of Directors in their meeting held on October 18, 2024 had declared an interim dividend of Rs. 1.10/- per equity share aggregating to Rs. 10,811 lakhs, which was paid on October 30, 2024. Based on expert advice, the Company had recognised tax benefit of Rs. 2,636 lakhs on interim dividend under Section 80M of the Income tax Act, 1961.
8) On January 09, 2025, Competition Commission of India (CCI) issued a Show Cause Notice (‘SCN’) to the Company demanding an explanation for not giving notice as required under the Competition Act, 2002 during the acquisition of 30% stake in Gati Express and Supply Chain Private Limited (GESCPL) in June 2023. Management believes that the Company already controlled GESCPL at the time of this acquisition as it already held 70% stake in GESCPL through a step-down subsidiary Allcargo Gati Limited (Gati) which has been challenged by CCI. The Company has filed response on February 27, 2025. Their response is awaited. Based on legal opinion, Management believes that the impact of this notice on the Company, if any, is not likely to be material.
9) During the quarter ended March 31, 2025, Income-Tax Authorities conducted search at the office premises of the Company, its Subsidiaries and at the residence of three of its key management personnel. The Company extended full cooperation to the Income-tax officials during the search and has provided all the requested information during search and continue to provide information as and when sought by the authorities. Management made necessary disclosures to the stock exchanges in this regard on February 12, 2025. As on the date of issuance of these financial results, the Company has not received any communication from the Income-Tax Authorities regarding the findings of their investigation. Pending final outcome of this matter, no adjustments have been recognised in the financial results.
10) The Company was previously including foreign exchange (gain)/loss (net) as part of Other (income)/ expenses. Considering that the Company operates in multiple geographies and the Management believes that the effects of foreign exchange fluctuation is relevant to understanding the financial performance of the Company for readers of the results, the same has been disclosed separately. Prior period comparatives have been restated by reclassifying foreign exchange (gain) / loss (Net) from Other (income)/ expenses and disclosed separately. The Management believes that the reclassification does not have any material impact.
11) The figures for the quarter ended March 31, 2025 are the balancing figures between the audited figures in respect of year ended March 31, 2025 and unaudited published figures of nine months December 31, 2024 which were subjected to limited review by the statutory auditors.

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS OF ALLCARGO LOGISTICS LIMITED

ADARSH Digitally signed by ADARSH HEGDE HEGDE Date: 2025.08.12 18:41:24 +05'30'

ADARSH HEGDE MANAGING DIRECTOR (DIN:00035040) PLACE: MUMBAI DATE: August 12, 2025

12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel: +91 22 6819 8000

==> picture [208 x 14] intentionally omitted <==

Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Allcargo Logistics Limited

We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Allcargo Logistics Limited (the “Holding Company”) and its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group”), its associates and joint ventures for the quarter ended June 30, 2025 (the “Statement”) attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).
The Holding Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company’s Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

The Statement includes the results of Holding Company, subsidiaries, associates and joint ventures listed in Annexure 1 to this report
Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
We draw attention to Note 9 to the accompanying Statement, which describes the Search operation by the Income tax Authorities during the previous year on business premises of the Group Companies and at the residence of three of its key management personnel. Our opinion is not modified in respect of this matter.

==> picture [208 x 14] intentionally omitted <==

Allcargo Logistics Limited Limited Review Report – June 30, 2025 Page 2 of 6

The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of:
123 subsidiaries, whose unaudited interim financial results include total revenues of Rs 3,12,647 lakhs, total net (loss) after tax of Rs. (9,690) lakhs and total comprehensive income of Rs. 3,053 lakhs for the quarter ended June 30, 2025, as considered in the Statement which have been reviewed by their respective independent auditors.
6 associates and 8 joint ventures, whose unaudited interim financial results include Group’s share of net (loss) of Rs. (60) lakhs and Group’s share of total comprehensive (loss) of Rs. (60) lakhs for the quarter ended June 30, 2025, as considered in the Statement whose interim financial results and other financial information have been reviewed by their respective independent auditors.

The independent auditor’s reports on interim financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries, joint ventures and associates is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above.

Certain of these subsidiaries, associates and joint ventures are located outside India whose financial results and other financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been audited by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company’s Management has converted the financial results of such subsidiaries, associates and joint ventures located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company’s Management. Our conclusion in so far as it relates to the balances and affairs of such subsidiaries, associates and joint ventures located outside India is based on the report of other auditors and the conversion adjustments prepared by the Management of the Holding Company and reviewed by us.
The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of:
5 subsidiaries, whose interim financial results and other financial information reflect total revenues of Rs Nil , total net (loss) after tax of Rs. (2) lakhs and total comprehensive loss of Rs. (2) lakhs for the quarter ended June 30, 2025.
1 associate and 1 joint venture, whose interim financial results includes the Group’s share of net profit of Rs. Nil and Group’s share of total comprehensive income of Rs. Nil for the quarter ended June 30, 2025.

==> picture [208 x 14] intentionally omitted <==

Allcargo Logistics Limited Limited Review Report – June 30, 2025 Page 3 of 6

The unaudited interim financial results and other unaudited financial information of these subsidiaries, joint ventures and associates have not been reviewed by their auditors and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of these subsidiaries, joint ventures and associates, is based solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group.

Our conclusion on the Statement in respect of matters stated in para 7, 8 and 9 above is not modified with respect to our reliance on the work done and the reports of the other auditors and the financial results certified by the Management.

For S.R. Batliboi & Associates LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004

Digitally signed by Aniket Anil Sohani Aniket Anil DN: cn=Aniket Anil Sohani, o=Personal, [email protected] Sohani Date: 2025.08.12 18:57:46 +05'30'

per Aniket Sohani Partner Membership No.: 117142 UDIN: 25117142BMKVRE9780 Mumbai August 12, 2025

==> picture [208 x 14] intentionally omitted <==

Allcargo Logistics Limited Limited Review Report – June 30, 2025 Page 4 of 6

Annexure 1 to Independent Auditor’s Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

a. List of subsidiaries (direct and indirect) considered for consolidation:

==> picture [444 x 510] intentionally omitted <==

----- Start of picture text -----

SN Particulars SN Particulars
1 Allcargo Gati Limited (Formerly known as 2 Allcargo Corporate Services Private
‘Gati Limited’) Limited (Formerly Ecu International
(Asia) Pvt. Ltd.)
3 Gati Express & Supply Chain Private Limited 4 Zen Cargo Movers Private Limited
(Formerly known as ‘Gati-Kintetsu Express
Private Limited’)
5 Gati Logistics Parks Private Limited 6 Antwerp Freight Station NV (Formerly
known as Ecu Global Services N.V.)
7 Gati Import Export Trading Limited 8 Ecu Worldwide (Cyprus) Ltd.
9 Gati Projects Private Limited 10 Ecu Worldwide (Ecuador) S.A.
11 Contech Logistics Solutions Pvt. Ltd. 12 Ecu World Wide Egypt Ltd
13 Comptech Solutions Pvt. Ltd. 14 ECU WORLDWIDE (Germany) GmbH
15 TransIndia Logistic Park Pvt Ltd. 16 Ecu Worldwide (Guatemala) S.A.
17 Ecu Worldwide (Argentina) SA 18 Ecu International Far East Ltd.
19 Integrity Enterprises Pty Ltd 20 PT Ecu Worldwide Indonesia
21 FMA-Line Holding N. V. 22 Eurocentre Milan srl.
23 Ecu International N.V. 24 Ecu Worldwide (Japan) Ltd.
25 HCL Logistics N.V. 26 Ecu Worldwide (Kenya) Ltd
27 AGL N.V. 28 Ecu Worldwide (Malaysia) SDN. BHD.
29 Ecu Worldwide Logistics do Brazil Ltda 30 Ecu Worldwide Morocco S.A
31 Ecu Worldwide (Chile) S.A. 32 Rotterdam Freight Station BV
33 Ecu Worldwide (Guangzhou) Ltd. 34 Ecu Worldwide New Zealand Ltd
35 Ecu Worldwide China Ltd (Formerly known 36 Ecu-Line Paraguay SA
as China Consolidation Services Shipping
Ltd)
37 Nordicon Terminals AB 48 Ecu Worldwide (Poland) Sp zoo
39 ECU WORLDWIDE (CZ) s.r.o. 40 Ecu-Line Saudi Arabia LLC
41 Ecu Worldwide (El Salvador) S.P. Z.o.o S.A. 42 Ecu Worldwide (South Africa) Pty Ltd
de CV
43 ELWA Ghana Ltd. 44 ECU Worldwide Lanka (Private) Ltd.
45 Ecu Worldwide (Hong Kong) Ltd. 46 Ecu Worldwide (Thailand) Co. Ltd.
47 CCS Shipping Ltd. 48 Ecu Worldwide Turkey Taşımacılık
Limited Şirketi
49 Ecu Worldwide Italy S.r.l. 50 Ecu-Line Abu Dhabi LLC
51 Ecu Worldwide (Cote d'Ivoire) sarl 52 Star Express Company Ltd.
53 Jordan Gulf for Freight Services and 54 Ecu Worldwide (Uruguay) S.A.
Agencies Co. LLC (Dissolved with effect
from May 15, 2025)
----- End of picture text -----

==> picture [208 x 14] intentionally omitted <==

Allcargo Logistics Limited Limited Review Report – June 30, 2025 Page 5 of 6

==> picture [444 x 562] intentionally omitted <==

----- Start of picture text -----

SN Particulars SN Particulars
55 Ecu Shipping Logistics (K) Ltd. 56 Guldary S.A.
57 Ecu Worldwide (Mauritius) Ltd. 58 Ecu Worldwide (USA) Inc. (Formerly
known as ‘Econocaribe Consolidators,
Inc’)
59 Ecu Worldwide Mexico SA de CV 60 ECI Customs Brokerage, Inc. ( Dissolved
w.e.f from July 14, 2025)
61 Ecu Worldwide (Netherlands) B.V. 62 Asia Line Ltd
63 FCL Marine Agencies B.V. 64 Prism Global Ltd.
65 Ecu Worldwide (Panama) S.A 66 Nordicon AB
67 Ecu Worldwide (Philippines) Inc. 78 Ecu Worldwide (Uganda)
69 Ecu-Line Doha W.L.L. 70 FCL Marine Agencies Belgium bvba
71 Ecu - Worldwide (Singapore) Pte. Ltd 72 Allcargo Hongkong Limited
73 Ecu-Line Spain S.L. 74 Almacen y Maniobras LCL SA de CV
75 Ecu Worldwide (BD) Limited 76 ECU TRUCKING, INC.
77 Société Ecu-Line Tunisie Sarl 88 Allcargo Logistics Africa (PTY) LTD
79 Ecu-Line Middle East LLC 80 AGL Bangladesh Private Limited
81 Eurocentre FZCO 82 Ecu Worldwide (Bahrain) Co. W.L.L.
83 Ecu Worldwide (UK) Ltd 84 PAK DA (HK) LOGISTIC Ltd
85 PRISM GLOBAL, LLC 86 Allcargo Logistics FZE
87 Econoline Storage Corp. ( Dissolved w.e.f 88 Allcargo Logistics China Ltd.
from July 14, 2025)
89 OTI Cargo, Inc. ( Dissolved w.e.f from July 90 Allcargo Global Limited (Formerly
14, 2025) known as Allcargo Worldwide Limited
formerly known as Allcargo Ecu Limited)
91 Administradora House Line C.A. 92 Gati Cargo Express (Shanghai) Co. Ltd.
93 Ecu Worldwide Vietnam Joint Stock 94 Nordicon Trucking AB (Formerly known
Company as ‘RailGate Nordic AB’)
95 Ecu-Line Zimbabwe (Pvt) Ltd. 96 Fair Trade Gmbh Schiffhart, handel und
Logistik
97 Eculine Worldwide Logistics Co. Ltd. 98 Asiapac Shipping Limited (Formerly
known as Asiapac Equity Investment
Limited)
99 FMA-LINE Nigeria Ltd. 100 Asiapac Logistics El Salvador
101 FMA Line Agencies Do Brasil Ltda 102 Allcargo Tanzania Limited
103 Oconca Container Line S.A. Ltd. 104 Ecu-Line Algerie sarl
105 ECU WORLDWIDE SERVICIOS SA DE 106 Ecu Worldwide Australia Pty Ltd
CV
107 ECU Worldwide CEE S.R.L 108 Ecu Worldwide (Belgium) N.V
109 Ecu Worldwide Baltics 110 Ecuhold N.V.
111 East Total Logistics B.V. 112 Ecu Worldwide N.V. (Formerly known as
‘Allcargo Belgium N.V.’)
113 ECU Worldwide Tianjin Ltd 114 Ecu Worldwide (Canada) Inc.
----- End of picture text -----

==> picture [208 x 14] intentionally omitted <==

Allcargo Logistics Limited Limited Review Report – June 30, 2025 Page 6 of 6

==> picture [444 x 222] intentionally omitted <==

----- Start of picture text -----

SN Particulars SN Particulars
115 SPECHEM SUPPLY CHAIN 116 U.K.Terminals Limited
MANAGEMENT (ASIA) PTE. LTD
117 Asiapac Logistics Mexico SA de CV 128 China Consolidation Services Ltd
119 Gati Hong Kong Limited 120 Ecu Worldwide (Colombia) S.A.S.
121 ALX Shipping Agencies India Private 122 Asia Pac Logistics DE Guatemala S.A.
Limited
123 ECUNORDICON AB 124 Asia Express Line GmbH
125 NORDICON A/S 126 ASIAPAC TURKEY TASIMACILIK
ANONIM SIRKETI
127 Ecu Worldwide India Pvt Ltd (Formerly 128 Allcargo Supply Chain Private Limited
known as ‘Panvel Industrial Parks Private
Limited’)
129 Ports International Inc 130 Allcargo Logistics LLC
131 ECU ESC Turkey Lojistik Hizmet Merkezi
Anonim Sirketi (Incorporated as on April 07,
2025)
----- End of picture text -----

b. List of associates (direct and indirect) considered for consolidation:

==> picture [257 x 100] intentionally omitted <==

----- Start of picture text -----

SN Particulars
1 FCL Marine Agencies Gmbh (Bermen)
2 RailGate Europe B.V
3 Trade Xcelerators LLC
4 All Safe Supply Chain Solutions Co. Limited
5 Shanghai Gatido Wisdom Logistics Co. Limited
6 Gati Ship Limited
7 Railgate Europe Spzoo
----- End of picture text -----

c. List of joint ventures (direct and indirect) considered for consolidation:

==> picture [241 x 137] intentionally omitted <==

----- Start of picture text -----

SN Particulars
1 Ecu Worldwide Peru S.A.C.
2 Fasder S.A.
3 Allcargo Logistics Lanka (Private) Limited
4 Ecu Worldwide Korea Co., Ltd.
5 Allcargo Logistics Korea Co., Ltd.
6 Aladin Group Holdings Limited
7 Aladin Express DMCC
8 ALX Shipping Agency LLC
9 Allcargo ULS Terminals Co. Ltd
----- End of picture text -----

==> picture [104 x 43] intentionally omitted <==

ALLCARGO LOGISTICS LIMITED Regd Office: Allcargo House, 6th Floor, CST Road, Kalina, Santacruz (E), Mumbai - 400 098

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2025

==> picture [461 x 520] intentionally omitted <==

----- Start of picture text -----

(Rs. In Lakhs)
Quarter ended Year ended
30 Jun 2025 31 Mar 2025 30 Jun 2024 31 Mar 2025
Sr. No. Particulars
(Unaudited) (Audited) (Unaudited) (Audited)
Refer Note 10
1 Income
(a) Income from operations 381,670 395,244 376,269 1,602,153
(b) Other income 867 3,091 1,275 6,936
Total income 382,537 398,335 377,544 1,609,089
2 Expenses
(a) Operating expenses 296,068 311,642 296,939 1,269,013
(b) Employee benefits expenses 55,100 51,723 49,949 206,705
(c) Finance costs 3,491 3,752 3,619 14,996
(d) Depreciation and amortisation expenses 10,934 11,072 10,399 42,873
(e) Foreign Exchange Loss (net) (Refer Note 11) 8,278 1,302 351 1,417
(f) Other expenses 20,182 19,111 15,821 73,204
Total expenses 394,053 398,602 377,078 1,608,208
3 (Loss) / Profit before share of profit from associates and joint (11,516) (267) 466 881
ventures, exceptional item and tax (1 - 2)
4 Share of (loss) / profit from associates and joint ventures (60) 173 (177) 1,191
5 (Loss) / Profit before tax and exceptional item (3 + 4) (11,576) (94) 289 2,072
6 Exceptional items (refer note 3) 569 347 (1) 624
7 (Loss) / Profit before tax (5 + 6) (11,007) 253 288 2,696
8 Tax expense
(a) Current tax 2,120 2,727 2,352 11,088
(b) Deferred tax (credit) (3,174) (1,615) (2,381) (10,035)
Tax adjustments for earlier years (net of deferred tax) (5) (555) (48) (3,117)
(c)
(Refer note 6)
9 (Loss) / Profit after tax from continuing operations (7 - 8) (9,948) (304) 365 4,760
10 Profit / (Loss) from Discontinuing Operations before Tax (Refer 52 (12) 63 158
Note 8) (net of tax)
Income Tax Expense of Discontinuing Operations - - - -
Profit / (Loss) from Discontinuing Operations after Tax 52 (12) 63 158
11 (Loss) / Profit for the quarter / year from continuing and (9,896) (316) 428 4,918
discontinuing operations (9+10)
12 Other Comprehensive Income / (Loss)
(a) Items that will not be reclassified to profit or loss (net of tax) (52) (129) (34) (236)
(b) Items that will be reclassified to profit or loss (net of tax) 12,748 5,001 (1,146) 5,010
Other Comprehensive Income / (Loss) 12,696 4,872 (1,180) 4,774
Total comprehensive Income / (Loss) (9 + 10) 2,800 4,556 (752) 9,692
13 Profit / (Loss) attributable to
(a) Owners of the Company (9,992) (1,259) 537 3,560
(b) Non-controlling interest 96 943 (109) 1,358
14 Other Comprehensive Income / (Loss)
(a) Owners of the Company 12,653 4,928 (1,210) 4,781
(b) Non-controlling interest 43 (56) 30 (7)
15 Total Comprehensive Income / (Loss)
(a) Owners of the Company 2,661 3,670 (673) 8,341
(b) Non-controlling interest 139 886 (79) 1,351
16 Paid-up equity share capital (Face value of Rs. 2 each) 19,656 19,656 19,656 19,656
17 Other Equity 222,600
18 Earnings Per Share Continuing operations (Face value of Rs. 2
each) (not annualised for the quarters)
(a) Basic (1.02) (0.12) 0.05 0.36
(b) Diluted (1.02) (0.12) 0.05 0.36
19 Earnings Per Share Discontinuing operations (Face value of
Rs. 2 each) (not annualised for the quarters)
(a) Basic 0.00 (0.00) 0.00 0.01
(b) Diluted 0.00 (0.00) 0.00 0.01
----- End of picture text -----

ALLCARGO LOGISTICS LIMITED

==> picture [82 x 37] intentionally omitted <==

Unaudited Consolidated Segmentwise revenue and results for the quarter ended June 30, 2025

==> picture [402 x 663] intentionally omitted <==

----- Start of picture text -----

(Rs. In Lakhs)
Quarter ended Year ended
30 Jun 2025 31 Mar 2025 30 Jun 2024 31 Mar 2025
Sr No Particulars
(Unaudited) (Audited) (Unaudited) (Audited)
Refer Note 10
1 Segment revenue
a. International Supply Chain (previously known as Multimodal
Transport Operations) 332,992 344,293 331,972 1,407,696
b. Express Distribution 35,723 38,535 35,812 150,993
c. Contract Logistics 13,513 12,942 9,089 45,759
d. Unallocable - - - -
Less: Inter segment revenue (558) (526) (604) (2,295)
a. International Supply Chain (previously known as Multimodal
Transport Operations) (389) (434) (379) (1,673)
b. Express Distribution (129) (85) (201) (584)
c. Contract Logistics (40) (7) (24) (38)
Net income from operations 381,670 395,244 376,269 1,602,153
2 Segment Operating Expenses
a. International Supply Chain (previously known as Multimodal
Transport Operations) 261,520 275,301 266,598 1,132,669
b. Express Distribution 26,893 29,670 25,999 112,601
c. Contract Logistics 7,659 6,682 4,361 23,791
d. Others and unallocable - - -
Less: Inter segment (4) (11) (19) (48)
Total 296,068 311,642 296,939 1,269,013
3 Segment Employee Benefit Expenses
a. International Supply Chain (previously known as Multimodal
Transport Operations) 49,583 46,299 44,309 184,465
b. Express Distribution 4,005 3,984 4,477 17,060
c. Contract Logistics 1,512 1,440 1,163 5,180
d. Others and unallocable - - - -
Less: Inter segment - - - -
Total 55,100 51,723 49,949 206,705
4 Segment Depreciation and Amortisation Expenses
a. International Supply Chain (previously known as Multimodal
Transport Operations) 4,587 5,009 4,719 19,617
b. Express Distribution 2,711 2,690 2,723 10,824
c. Contract Logistics 3,636 3,373 2,957 12,432
d. Others and unallocable - - - -
Less: Inter segment - - - -
Total 10,934 11,072 10,399 42,873
5 Foreign Exchange Loss (net)
a. International Supply Chain (previously known as Multimodal
Transport Operations) 8,278 1,302 351 1,417
b. Express Distribution - - - -
c. Contract Logistics - - - -
d. Others and unallocable - - - -
Less: Inter segment - - - -
Total 8,278 1,302 351 1,417
6 Segment Other Expenses
a. International Supply Chain (previously known as Multimodal
Transport Operations) 16,666 14,734 12,371 57,870
b. Express Distribution 3,519 3,915 3,476 14,700
c. Contract Logistics 574 962 640 2,959
d. Others and unallocable - - - -
Less: Inter segment (577) (500) (666) (2,325)
Total 20,182 19,111 15,821 73,204
7 Segment Results ((Loss) /Profit) before tax and interest from
each Segment)
a. International Supply Chain (previously known as Multimodal
Transport Operations) (7,642) 1,648 3,624 11,658
b. Express Distribution (1,405) (1,724) (863) (4,192)
c. Contract Logistics 132 485 (32) 1,397
d. Others and unallocable - - - -
Less: Inter segment 23 (15) 81 78
Total (8,892) 394 2,810 8,941
Less :
(i) Finance Cost, net (3,491) (3,752) (3,619) (14,996)
Add :
(i) Other unallocated Income/(expense), net 867 3,091 1,275 6,936
(Loss) / Profit before tax, exceptional item, minority interest
and share of profits from associates and joint ventures (11,516) (267) 466 881
Share of (loss) / profit from associates and joint venture (60) 173 (177) 1,191
(Loss) / Profit before tax and exceptional item (11,576) (94) 289 2,072
Exceptional item (refer note 3) 569 347 (1) 624
(Loss) / Profit before tax from continuing operations (11,007) 253 288 2,696
Profit / (loss) before tax from discontinuing operations 52 (12) 63 158
(Loss) / Profit before tax from continuing and discontinuing
operations (10,955) 241 351 2,854
Tax Expense/(credit) (1,059) 557 (77) (2,064)
(Loss) / Profit after tax for the quarter / year (9,896) (316) 428 4,918
----- End of picture text -----

==> picture [83 x 37] intentionally omitted <==

Unaudited Consolidated segmentwise assets and liabilities as at June 30, 2025

==> picture [402 x 198] intentionally omitted <==

----- Start of picture text -----

Quarter ended Year ended
Sr No Particulars 30 Jun 2025 31 Mar 2025 30 Jun 2024 31 Mar 2025
(Unaudited) (Audited) (Unaudited) (Audited)
3 Segment assets
a. International Supply Chain (previously known as Multimodal
Transport Operations) 485,194 486,773 488,575 486,773
b. Express Distribution 118,134 119,873 138,207 119,873
c. Contract Logistics 91,997 90,359 83,384 90,359
d. Unallocable 33,681 34,960 43,347 34,960
Total segment assets 729,006 731,965 753,513 731,965
Segment assets from discontinuing operations 1,140 1,144 1,221 1,144
Total segment assets from continuing and discontinuing
operations 730,146 733,109 754,734 733,109
4 Segment liabilities
a. International Supply Chain (previously known as Multimodal
Transport Operations) 281,754 270,294 267,170 270,294
b. Express Distribution 47,940 47,956 48,689 47,956
c. Contract Logistics 42,885 41,806 36,818 41,806
d. Unallocable 5,340 5,894 6,457 5,894
Total segment liabilities 377,919 365,950 359,133 365,950
Segment liabilities from discontinuing operations 43 41 45 41
Total segment liabilities from continuing and discontinuing
operations 377,962 365,991 359,178 365,991
----- End of picture text -----

Segment revenue, results, assets and liabilities represent amounts identifiable to each of the operating segments. 'Unallocable expenditure' and 'Other income' includes expenditure / income in relation to common services such as corporate expenditure and interest / dividend which is not directly identifiable to individual operating segments. Unallocable assets and liabilities' include common assets/liabilities such as corporate assets/liabilities and income tax assets which is not directly identifiable to individual operating segments.

ALLCARGO LOGISTICS LIMITED Regd Office: Allcargo House, 6th Floor, CST Road, Kalina, Santacruz (E), Mumbai - 400 098 STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2025

==> picture [68 x 37] intentionally omitted <==

Notes:

1) The Statement of Unaudited Consolidated Financial Results of Allcargo Logistics Limited ("the Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), its associates and joint ventures have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with the Companies (Indian Accounting Standards) Rules ,2015, as amended, other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India ("SEBI").
2) The Statement of Unaudited Consolidated Financial Results for the Quarter Ended June 30, 2025 has been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on August 12, 2025. The Statutory Auditors have reviewed these results pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. There are no qualifications in the report issued by the auditors.

==> picture [493 x 67] intentionally omitted <==

----- Start of picture text -----

3) Exceptional Items includes the following:- (Rs. In Lakhs)
Particulars Quarter ended Year ended
30 Jun 2025 31 Mar 2025 30 Jun 2024 31 Mar 2025
Gain / (loss) on disposal of assets held for sale and impairment (charged) / loss on write off of property, plant and 709 350 (1) 349
equipment in a subsidiary. (Refer note 3(a))
Impairement loss on assets held for sale (AHS) (140) - - -
Gain on sale of stake in Associate (Refer note 3(b)) - - - 2,362
Employee severance and other related cost (Refer note 3(c)) - (3) - (2,087)
Total 569 347 (1) 624
----- End of picture text -----

(a) In the current quarter, one of the Subsidiary of the Holding Company sold its Land for a profit of Rs. 709 Lakhs.
(b) On October 28, 2024, the Holding Company sold it's stake in Haryana Orbital Rail Corporation Limited ("HORCL") (912 lakhs equity shares representing 7.6% stake) to Allcargo Terminals Limited for a consideration of Rs.11,500 lakhs which included contingent consideration of Rs.1,100 Lakhs subsequently received on April 22, 2025. Profit on sale of investment of Rs 2,362 Lakhs has been treated as an exceptional item.
(c) To enhance long-term business efficiency and optimize costs, Group implemented organizational changes. As part of these initiatives, Rs. 2,084 Lakhs was incurred during the previous year ended March 31, 2025, primarily for severance costs related to the optimisation of certain key management positions. This expense has been recognized as an exceptional item.
4) The Board of Directors of the Holding Company at its meeting held on December 21, 2023, approved the Composite Scheme of Arrangement between Allcargo Logistics Limited (“the Company”), Allcargo Supply Chain Private Limited, (“ASCPL”), Gati Express & Supply Chain Private Limited (“GESCPL”), Allcargo Gati Limited (“Gati”) and Allcargo ECU Limited, (“AEL”) , (all subsidiaries of the Company) and their respective shareholders (“the Scheme”). The Scheme includes:
1) Demerger of International Supply Chain business of the Company in AEL effective from appointed date of October 01, 2023.
2) Merger of ASCPL and GESCPL with GATI effective from appointed date of October 01, 2023
3) Merger of GATI with Company, post the merger of ASCPL and GESCPL into GATI on the date, the scheme becomes effective.
The Scheme has been approved by BSE on October 09, 2024 and by NSE on October 10, 2024. The Scheme alongwith a petition to approve the same has been filed with the National Company Law Tribunal (NCLT) which has instructed the Holding Company and Gati to hold Extraordinary General Meeting ("EGM") respectively to approve the Scheme. The NCLTconvened shareholders’ meeting was held on February 18, 2025, where the Scheme was approved by the shareholders and NCLT has scheduled a hearing on August 13, 2025.
5) Allcargo Gati Limited, (GATI), one of the Subsidiary of the Holding Company, completed the process of Qualified Institution Placement during the previous year. The placement document was filed on June 27, 2024 and after receipt of proceeds of ₹ 16,928 lakhs, 1,67,60,800 equity shares of GATI were allotted on June 28, 2024.
6) The Board of Directors in their meeting held on May 25, 2024 had recommended a final dividend of Re. 1/- per share for the year ended March 31, 2024 aggregating to Rs. 9,828 lakhs which has been approved by the shareholders at the Annual General Meeting of the Holding Company held on September 26, 2024, which was paid on October 03, 2024. Futher the Board of Directors in their meeting held on October 18, 2024 had declared an interim dividend of Rs. 1.10/- per equity share aggregating to Rs. 10,811 lakhs, which was paid on October 30, 2024. Based on expert advice, the Holding Company had recognised tax benefit of Rs. 2,636 lakhs on interim dividend under Section 80M of the Income tax Act, 1961.
7) On January 09, 2025, Competition Commission of India (CCI) issued a Show Cause Notice (‘SCN’) to the Holding Company demanding an explanation for not giving notice as required under the Competition Act, 2002 during the acquisition of 30% stake in Gati Express and Supply Chain Private Limited (GESCPL) in June 2023. Management believes that the Holding Company already controlled GESCPL at the time of this acquisition as it already held 70% stake in GESCPL through a step-down subsidiary Allcargo Gati Limited (Gati) which has been challenged by CCI. The Holding Company has filed response on February 27, 2025. Their response is awaited. Based on legal opinion, Management believes that the impact of this notice on the Holding Company, if any, is not likely to be material.
8) During the previous year ended March 31, 2025, the Management decided to discontinue the business of Fuel Stations, which meet the criteria for classification as a discontinued operation under Ind AS 105 – Non-current Assets Held for Sale and Discontinued Operations. Accordingly, the results of the Diesel, Petrol, and Lubricants segment have been disclosed under "Discontinued Operations" in the consolidated financial results, and the corresponding figures for previous periods have been restated. Corporate costs have not been allocated to the discontinued operations. The Group is in the process of completing the sale of Fuel Station business. The summary of the results from discontinued operations is presented below.

Revenue from Operations Total Expenses Profit Before Exceptional items and Tax Particulars	(Rs. In Lakhs) Year ended 30 Jun 2025 31 Mar 2025 30 Jun 2024 31 Mar 2025 4,602 4,710 5,013 19,765 4,550 4,722 4,950 19,607 52 (12) 63 158 Quarter ended

9) During the quarter ended March 31, 2025, Income-Tax Authorities conducted search at the office premises of the Holding Company, its Subsidiary and at the residence of three of its key management personnel. The Group extended full cooperation to the Income-tax officials during the search and has provided all the requested information during search and continue to provide information as and when sought by the authorities. Management has made necessary disclosures to the stock exchanges in this regard on February 12, 2025. As on the date of issuance of these financial results, the Group has not received any communication from the Income-Tax Authorities regarding the findings of their investigation. Pending final outcome of this matter, no adjustments have been recognised in the financial results.
10) The figures for the quarter ended March 31, 2025 are the balancing figures between the audited figures in respect of year ended March 31, 2025 and unaudited published figures of nine months ended December 31, 2024 which were subjected to limited review by the statutory auditors.
11) The Group was previously including foreign exchange (gain)/loss (net) as part of Other expenses / Operating expenses. Considering that the Group operates in multiple geographies and the Management believes that the effects of foreign exchange fluctuation is relevant to understanding the financial performance of the Group for readers of the results, the same has been disclosed separately. Prior period comparatives have been restated by reclassifying foreign exchange loss (Net) from Other expenses / Operating expenses and disclosed separately. The Management believes that the reclassification does not have any material impact.
12) During the quarter ended June 30, 2025, the Holding Company’s wholly owned subsidiary Ecu Worldwide NV (formerly known as Allcargo Belgium NV) has acquired 5% shares in Allcargo ULS Terminal Co. Ltd. for a consideration of Rs. 315 Lakhs. Subsequent to the quarter end, Ecuhold N.V. (subsidiary of the Holding Company), has acquired an additional stake in ECU-Line Saudi Arabi LLC of 30% for a consideration of Rs. 2,337 Lakhs. Post this acquisition, ECU-Line Saudi Arabi LLC has become a wholly owned subsidiary.
13) The standalone and consolidated financial results of the Holding Company are available on the Holding Company's website www.allcargologistics.com.
FOR AND ON BEHALF OF THE BOARD OF DIRECTORS OF ALLCARGO LOGISTICS LIMITED

ADARSH Digitally signed by ADARSH HEGDE HEGDE Date: 2025.08.12 18:43:23 +05'30'

ADARSH HEGDE MANAGING DIRECTOR (DIN:00035040) PLACE: Mumbai DATE: August 12, 2025

==> picture [117 x 66] intentionally omitted <==

Annexure - B

In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, SEBI Circular No. SEBI/HO/CFD/CFD-PoD2/CIR/P/2024/185 dated December 31, 2024 (‘SEBI Circular’), the details are as follows:

Appointment of M/s MSKC & Associates LLP, Chartered Accountants (FRN: 001595S / S000168) as the Statutory Auditors of the Company for a period of five consecutive years commencing from FY 2025-2026 till FY 2029-2030, subject to the approval of the Shareholders at the ensuing Annual General Meeting

S. No.	Particulars	Description
1.	Name of the Statutory Auditor	M/s MSKC & Associates LLP
2.	Reason for change viz. appointment, ~~resignation,~~ ~~removal, death or otherwise~~	Appointment: a. The Board has approved appointment of M/s. MSKC & Associates LLP (Firm Registration No. 001595S / S000168), as the Statutory Auditors of the Company subject to the approval of the Shareholders of the Company at the ensuing 32nd Annual General Meeting. b. The term of the current Statutory Auditors i.e. S.R.Batliboi & Associates LLP (Firm Registration No.: 101049W/E300004) will be expiring at the conclusion of ensuing 32nd Annual General Meeting of the Company.
3.	Date of appointment & term of re- appointment	M/s. MSKC & Associates LLP (Firm Registration No. 001595S / S000168) shall hold the office as Statutory Auditors of the Company, for a term of 5 (five) consecutive years commencing from the conclusion of 32ndAnnual General Meeting of the Company till the conclusion of 37thAnnual General Meeting of the Company.
4.	Brief profile (in case of appointment)	M/s MSKC & Associates LLP, Chartered Accountants (FRN: 001595S/S00168) is a Limited Liability Partnership registered with the Institute of Chartered Accountants of India (ICAI). M/S MSKC & Associates LLP offers a range of Audit and Assurance services, led by experienced partners and teams with deep knowledge pockets and driven by a commitment to deliver high-quality services to all clients. The firm has over twenty partners and provides a range of services inter alia under Audit & Assurance including Statutory Audit, Tax Audit, Internal Financial Controls Audit and Assurance servicesrelated to GAAPConversion,Accounting

ALLCARGO LOGISTICS LIMITED

==> picture [117 x 66] intentionally omitted <==

==> picture [441 x 210] intentionally omitted <==

----- Start of picture text -----

Manuals, Capital Market Transaction Audit
Support etc.
The firm has clients both Listed and Unlisted
across sectors including Manufacturing, Consumer
& Retail, Infrastructure and Realty, Technology &
Media & Financial Services. The firm has a well-
qualified team to support the Partners and has its
own suite of audit technology.
The firm has wide presence in India across 11
cities including Ahmedabad, Bengaluru,
Chandigarh, Chennai, Goa, Gurugram, Hyderabad,
Kochi, Kolkata, Mumbai, and Pune.
5. Disclosure of relationships Not applicable
between directors (in case of
appointment of a director)
----- End of picture text -----

ALLCARGO LOGISTICS LIMITED

AI assistant

Allcargo Logistics Ltd Interim / Quarterly Report 2026

61291_rns_2025-08-12_47929c74-ce83-4114-baa5-3fdddc624965.pdf

Subject: Outcome of the Board Meeting

Encl: a/a

ALLCARGO LOGISTICS LIMITED

Review Report to The Board of Directors Allcargo Logistics Limited

ALLCARGO LOGISTICS LIMITED

Regd Office: Allcargo House, 6th Floor, CST Road, Kalina, Santacruz (E), Mumbai - 400 098

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2025

ALLCARGO LOGISTICS LIMITED

Notes:

Review Report to The Board of Directors Allcargo Logistics Limited

ALLCARGO LOGISTICS LIMITED Regd Office: Allcargo House, 6th Floor, CST Road, Kalina, Santacruz (E), Mumbai - 400 098

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2025

ALLCARGO LOGISTICS LIMITED

Unaudited Consolidated segmentwise assets and liabilities as at June 30, 2025

Notes:

Annexure - B

AI assistant

Allcargo Logistics Ltd — Interim / Quarterly Report 2026

61291_rns_2025-08-12_47929c74-ce83-4114-baa5-3fdddc624965.pdf

Subject: Outcome of the Board Meeting

Encl: a/a

ALLCARGO LOGISTICS LIMITED

Review Report to The Board of Directors Allcargo Logistics Limited

ALLCARGO LOGISTICS LIMITED

Regd Office: Allcargo House, 6th Floor, CST Road, Kalina, Santacruz (E), Mumbai - 400 098

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2025

ALLCARGO LOGISTICS LIMITED

Notes:

Review Report to The Board of Directors Allcargo Logistics Limited

ALLCARGO LOGISTICS LIMITED Regd Office: Allcargo House, 6th Floor, CST Road, Kalina, Santacruz (E), Mumbai - 400 098

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2025

ALLCARGO LOGISTICS LIMITED

Unaudited Consolidated segmentwise assets and liabilities as at June 30, 2025

Notes:

Annexure - B

More from Allcargo Logistics Ltd

Allcargo Logistics Ltd Interim / Quarterly Report 2026