Board approves ₹1.06 crore subscription to rights issue of associate company AGSPL
The Board has approved subscribing to the rights issue of Allcargo Group Services Private Limited (AGSPL), an associate company.
- Investment Amount
- ₹1,06,10,400
- Number of Shares
- 60 equity shares
- Price per Share
- ₹1,76,840 per share
- Current Stake in AGSPL
- 25%
- Expected Completion
- up to October 2026
What was approved
The Board of Allcargo Terminals Limited, at its meeting on September 24, 2026, approved subscribing to the rights issue of Allcargo Group Services Private Limited (AGSPL), an associate company (formerly Allcargo Warehousing Management Private Limited).
Deal terms
- 60 equity shares of face value ₹10 each
- Issue price ₹1,76,840 per equity share, including a premium of ₹1,76,830 per equity share
- Total outgo ₹1,06,10,400 (Rupees One Crore Six Lakh Ten Thousand Four Hundred Only)
- Consideration is in cash
- Indicative completion: up to October 2026
- No governmental or regulatory approvals required
Why the stake does not change
The subscription is in proportion to the company's existing 25% equity stake in AGSPL. Since a rights issue is offered to all existing shareholders in proportion to their holding, participating pro-rata keeps the shareholding percentage unchanged.
About AGSPL
AGSPL operates as a centralised group services / centre of excellence platform, providing shared services, operational support, strategic coordination and allied support functions to group entities. Line of business: Business Support Services. Incorporated on September 01, 2018, present in India. Authorised capital is Rs. 1,00,00,000, divided into 10,00,000 equity shares of ₹10 each. Turnover for the last three years is NIL.
Related party angle
AGSPL forms part of the Promoter Group of the company, so the Promoter/Promoter Group have an interest in it. The company states the subscription does not constitute a Related Party Transaction under Regulation 2(1)(zc) because the rights issue is uniformly offered to all existing shareholders in proportion to their shareholding, on the same terms and conditions, and on an arm's length basis.
Purpose of the funds
The money is intended for AGSPL to meet its operational and working capital requirements and other general corporate purposes.
How investors may read it
The amount involved is small in absolute terms and the investment is into an associate entity within the promoter group that currently reports nil turnover. Since it is a pro-rata rights subscription, there is no change in ownership level or control. The board meeting commenced at 5.45 p.m. and concluded at 6.20 p.m. (IST).
Also from Allcargo Terminals
September 2026 monthly update: total volumes 61.8 '000 TEUs, 7% lower year-on-year, 6% lower than last month
7 Oct 2026
Allcargo Terminals to invest Rs.1.06 crore in 25%-held associate AGSPL rights issue at Rs.1,76,840/share
24 Sep 2026
More numbers
- Equity shares subscribed in AGSPL60 (Sixty) Equity Shares
- Face value per share₹10 each
- Issue price per equity share₹ 1,76,840/- per equity share
- Premium per equity share1,76,830/- per equity share
- Total subscription amount₹1,06,10,400/-
- Existing stake in AGSPL25%
- AGSPL authorised capitalRs. 1,00,00,000/-
- AGSPL authorised shares10,00,000 equity shares
- AGSPL turnover last 3 yearsTurnover-Nil
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