Announcement • Jun 18
Allcargo Logistics Limited Announces Appointment of Bipin Reghunathan as Chief Business Officer – Consultative Logistics, Effective June 22, 2026 Allcargo Logistics Limited announced that Mr. Bipin Reghunathan has joined the Company as a Chief Business Officer Consultative Logistics. Reason for change: Designated as Senior Management as per the provisions of Regulation 16(1)(d) the SEBI Regulation read with SEBI Master Circular No. HO/49/14/14(7)2025 CFD-POD2/l/3762/2026 dated January 30, 2026. The date of appointment as Senior Management Personnel was with effect from June 22, 2026 as a Chief Business Officer – Consultative Logistics. Mr. Bipin Reghunathan is a seasoned supply chain professional with over 19 years of experience across retail supply chains, food and cold chain logistics, and third-party logistics (3PL). He has successfully led several supply chain transformation initiatives and has played a pivotal role in developing AI-enabled demand forecasting and inventory optimisation solutions, resulting in enhanced operational efficiency and business performance. He holds a Master of Data Science from Deakin University, Australia, a Post Graduate Program in Data Science from The University of Texas at Austin, has completed the General Management Program from INSEAD, and holds an MBA from Welingkar Institute of Management. Prior to joining the Company, he held leadership positions with reputed organizations including DHL Supply Chain, Rhenus Contract Logistics and Radhakrishna Foodland Private Limited, where he was responsible for driving strategic initiatives in supply chain management and operational transformation. New Risk • Jun 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 44% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • May 19
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: ₹0.038 (down from ₹0.35 in FY 2025). Revenue: ₹20.9b (down 87% from FY 2025). Net income: ₹60.0m (down 82% from FY 2025). Profit margin: 0.3% (up from 0.2% in FY 2025). Revenue missed analyst estimates by 87%. Earnings per share (EPS) also missed analyst estimates by 97%. Revenue is forecast to grow 64% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Logistics industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.