Allcargo Logistics gets green signal for corporate reforms

Allcargo Logistics has received approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for its Composite Scheme of Arrangement under Sections 230–232 of the Companies Act, 2013. This marks the completion of the legal process for the company’s comprehensive restructuring plan, covering its express distribution, contract logistics, and global supply chain businesses, said a company statement. Under the approved scheme, the International Supply Chain business of Allcargo Logistics Ltd will be demerged into a new listed entity, Allcargo Global Ltd. The domestic express and contract logistics businesses —operating under Allcargo Gati, Gati Express & Supply Chain, and Allcargo Supply Chain — will be consolidated under Allcargo Logistics Ltd, which continues as a listed entity. The restructuring allows global and domestic ops to function independently, with strategic focus, dedicated management oversight, and efficient capital allocation.