Bonus shares: The stock of Allcargo Logistics is the subject of attention since it trades ex-bonus today. Details are available here.

With reference to our letters dated November 3, 2023, and November 7, 2023, and in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”), we wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., November 10, 2023, inter alia, considered and approved the issue of bonus shares by capitalizing a sum not exceeding ₹147,41,73,144/- (Rupees One Hundred Forty Seven Crores Forty One Lakhs Seventy Three Thousand One Hundred Forty-Four only) out of the sum standing to the credit of the Company’s Free Reserves. Allcargo Logistics informed Indian stock market exchanges about the bonus shares.

In accordance with the Company’s audited financial statements for the fiscal year that concluded on March 31, 2023, the aforementioned sum should be transferred to the Share Capital Account and used to apply for the issuance and allotment of equity shares, up to and including 73,70,86,572 (Seventy Three Crores Seventy Lakhs Eighty Six Thousand Five Hundred Seventy Two) equity shares of ₹2/-(Two) each as fully paid up bonus shares, to qualified Company members who currently hold equity shares of ₹2/-(Two) each.

whose names are listed in the Company’s Register of Members/Beneficial Owners’ position on the “Record Date,” which the Company sets at a ratio of 3:1, or three new equity shares of ₹2/- (two) each for every one existing equity share of ₹2/- (two) held as of the Record Date; and that the newly issued and allotted bonus shares will be regarded, for all intents and purposes, as an increase in the nominal amount of the Company’s equity share capital that each of the member(s) will hold as of that date.”

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