Allcargo Logistics Limited has incorporated a new Wholly Owned Subsidiary in the name of Allcargo ECU Limited on August 20, 2023. Authorised Capital: 5,00,000 divided into 2,50,000 Equity shares of INR 2 each. Industry to which the entity being acquired belongs: Integrated Logistics service provider and allied activities.

Objects and impact of acquisition: Logistics, Multimodal Transport Operations & other allied Logistics Activities. The business of the new WOS is in line with the main line of business of the Company. Indicative time period for completion of the acquisition: The initial fund of subscription of shares shall be paid within 2 months from the date of incorporation.

Initial subscription to the new WOS is 7 shares of INR 2 each aggregating to INR 14.