Held on 20 May 2016
Allcargo Logistics announced that the Board of Directors of the Company at its meeting held on 20 May 2016, inter alia, has approved the following:1. In view of interim dividend declared on 14 March 2016, the Board of Directors have not recommended any final dividend to the shareholders of the Company for the financial year 2015-16.
2. Accepted the recommendation of the Audit Committee relating to adoption of auditors rotational policy as required under the provisions of the Companies Act, 2013 and rules made thereunder and accordingly recommended appointment of M/s. Shaparia Mehta & Associates LLP, Chartered Accountants, Mumbai, as joint auditors of the Company along with M/s. S R Batliboi & Associates LLP, in place of the retiring joint auditor M/s. Appan & Lokhandwala Associates, Chartered Accountants, to the Members of the Company at the ensuing Annual General Meeting.
3. Re-appointment of Adarsh Hegde as Whole time Director of the Company for a further period of 5 years w.e.f. 21 August 2016, subject to approval of Members of the Company at the ensuing Annual General Meeting.
4. Convening of the 23rd Annual General Meeting of the Members of the Company on August 10, 2016 at Avashya House, CST Road, Kalina, Santacruz (East), Mumbai- 400 098.
7. Acquisition of 61.13% stake in Avvashya CCI Logistics (formerly known as CCI Integrated Logistics).
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