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Allcargo Logistics gets nod for Scheme of Arrangement

12 Dec 2013 Evaluate

Allcargo Logistics has received approval from Bombay High Court on December 06, 2013, for the Scheme of Arrangement between Allcargo Logistics and MHTC Logistics, a wholly owned subsidiary and their respective Shareholders and Creditors for amalgamation of the Transferor Company with the Transferee Company with effect from April 01, 2012 pursuant to provisions of Sections 391 to 394, read with sections 78, 100 to 103 & other applicable provisions of the Companies Act, 1956.

Allcargo Logistics was promoted by Shashi Kiran Shetty and incorporated on August 18 1993 as a private limited company under the name of All Cargo Movers (India). A fresh certificate of incorporation was obtained on June 25, 2004 subsequent to the change of name to Allcargo Movers (India). The name of the Company was changed to Allcargo Global Logistics with effect from December 8, 2005. Subsequently the Company was converted into a public limited company.

Allcargo Logistics Share Price

9.58 -0.07 (-0.73%)
17-Apr-2026 16:59 View Price Chart
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