Allcargo Gati Limited Initiates Postal Ballot for Capital Increase

Allcargo Gati Limited ( (IN:ACLGATI) ) has shared an announcement.

Allcargo Gati Limited has announced a Postal Ballot to seek approval from its members to increase its Authorised Share Capital, necessitating an alteration to the Capital Clause of its Memorandum of Association. This move, conducted through remote e-voting, could enhance the company’s financial flexibility and market operations, potentially impacting its stakeholders positively by providing increased capacity for expansion or investment.

More about Allcargo Gati Limited

Allcargo Gati Limited, formerly known as Gati Limited, operates in the logistics and supply chain management industry. It offers a range of services including express distribution and supply chain solutions, focusing on efficient transportation and delivery across India.

YTD Price Performance: -30.54%

Average Trading Volume: 36,234

Current Market Cap: 9.26B INR

See more data about ACLGATI stock on TipRanks’ Stock Analysis page.