Mumbai, July 16, 2025: Allcargo Terminals Ltd. (ATL) has announced a proposal to raise Rs. 38.28 Cr. through the issuance and allotment of up to 1,32,00,000 Fully Convertible Warrants to the Promoters/Promoter Group. The Board of Directors of ATL has approved the preferential allotment in its meeting held on July 15, 2025. Each warrant has a face value of ₹2 per share, at an issue price of Rs. 29 per warrant at a premium of Rs.27 per warrant, subject to shareholder and regulatory approvals. This issuance accounts for approximately 5% of ATL’s post-conversion equity share capital and is priced at a ~1% premium to the SEBI-defined floor price.

This kickstarts ATL’s three year expansion plans. ATL has a current capacity of 8.3L TEUs annually across its seven facilities in five hubs that handle approximately 80% of India’s EXIM trade. ATL plans to augment its capacity to over 13L in the coming three years – by expanding some of its key facilities and by developing new CFS/ICD facilities. This strategic move is in line with ATL’s long-term growth roadmap and will support the company’s multi-location infrastructure expansion at Mundra and Nhava Sheva, Greenfield ICD at Farukhnagar and infra upgrades at existing facilities.

Currently operating at 80–85% capacity utilisation, the expansion plans will enable the company to cater to future demand and consolidate its leading position in key logistics corridors.

Mr. Shashi Kiran Shetty, Founder & Chairman, Allcargo Group, said, “The preferential allotment by the Promoter Group is a reaffirmation of our long-term commitment to Allcargo Terminals’ vision and growth strategy. As India’s logistics sector undergoes structural transformation, ATL is well positioned to scale up operational capacity while remaining capital-efficient and growth-focussed, creating sustainable value for all stakeholders.”

Mr. Suresh Kumar R, Managing Director, Allcargo Terminals Limited added, “This expansion comes at a time when our core facilities are operating near full capacity. The proposed expansion in Mundra and Nhava Sheva, greenfield ICD at Farukhnagar and infra upgrades at existing facilities are aligned to strengthen our multimodal footprint. Our capacity enhancement will position us to meet rising customer demand across trade hubs and support our growth outlook. Our strong internal accruals will significantly assist our growth plans even as we from time to time assess capital needs and evaluate options”