Allcargo Logistics has announced the utilisation of unutilised proceeds from a Qualified Institutions Placement (QIP) amounting to ₹64.71 crore. The decision was approved by the company’s Board of Directors during a meeting held on 5th February 2026.
The QIP was initially raised by Allcargo Gati Limited, which has since amalgamated with Allcargo Logistics. The funds, which remained unutilised as of 31st December 2025, will now be directed towards general corporate purposes, pending review and observations from the Monitoring Agency, ICRA Limited.
This move is aimed at optimising the financial resources of Allcargo Logistics, enhancing its operational capabilities and supporting its strategic initiatives. The company has ensured that the stakeholders and stock exchanges are informed about this development.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).