Allcargo Gati Ltd, one of India’s leading express logistics companies, made a series of significant announcements on August 5, 2025, unveiling a leadership transformation and disclosing its unaudited financial results for the first quarter of FY2025-26. The decisions, taken during the Board of Directors’ meeting held today, signal strategic shifts aimed at advancing organizational growth, compliance, and governance.
Transformative Leadership Moves
Underlining its commitment to robust leadership and governance, the Board has implemented the following strategic appointments and role changes:
Key Executive Re-designation
Shashi Kiran Janardhan Shetty, who has long steered the company as Chairman & Managing Director, has been re-designated as Chairman & Director starting August 5, 2025. This re-designation, prompted by recommendations from the Nomination and Remuneration Committee, positions Mr. Shetty to focus more keenly on board-level guidance and long-term strategy, while delegating day-to-day operations to new executive leadership.
Appointment of New MD & CEO
Ketan Nishikant Kulkarni has been inducted into the Board as an Additional Director and elevated to the role of Managing Director & Chief Executive Officer (MD & CEO) for a two-year term beginning August 5, 2025, subject to shareholder approval in the upcoming Annual General Meeting. Mr. Kulkarni, who brings extensive experience in operations and corporate leadership, is expected to drive Allcargo Gati’s expansion and digital transformation agenda.
Corporate Governance and Compliance Boosted
Appointment of Company Secretary & Compliance Officer
Shekhar R Singh was appointed as the Company Secretary & Compliance Officer for both Allcargo Gati Ltd and its material subsidiary, Gati Express & Supply Chain Private Limited, effective August 5, 2025. This appointment, following recommendations from the Nomination and Remuneration Committee, reinforces the company’s focus on corporate compliance and transparency.
Strengthening the Audit Framework
The Board approved the engagement of M/s. Puttaparthi Jagannatham & Co., Practicing Company Secretaries (Firm Registration No. P2008), as Secretarial Auditor for Allcargo Gati Ltd for a consecutive five-year term starting FY2025-26 and ending FY2029-30, subject to shareholder approval. This step is aligned with best governance practices and is expected to enhance oversight over regulatory and statutory compliance matters.
Q1 FY26 Financial Disclosures
The company has also released its unaudited financial results for the quarter ended June 30, 2025 (Q1 FY26), encompassing both standalone and consolidated operations. The results, reviewed and recommended by statutory auditors, provide a real-time snapshot of Allcargo Gati’s financial position and operational performance at the start of the new fiscal year. The board has emphasized its ongoing commitment to transparency and timely disclosure.
Key highlights from Q1 FY26 financial results as per Annexure-1 include:
Consolidated and standalone financial outcomes for the quarter ended June 30, 2025, subject to limited review.
Insights into the company’s revenue, profitability, and operational efficiency for stakeholders and investors are available in the enclosed financial statements.
Today’s announcements reflect Allcargo Gati Ltd’s drive for leadership continuity, strong governance, futuristic vision, and unwavering transparency with investors and stakeholders.
Source: Official Corporate Disclosureby the Company to the Stock Exchanges
