Allcargo Terminals Receives Q4FY26 Monitoring Agency Report from Crisil Ratings for Rights Issue Proceeds

Allcargo Terminals Limited has received the Monitoring Agency Report for the quarter ended March 31, 2026, from Crisil Ratings Limited, the Monitoring Agency appointed to oversee the utilisation of proceeds from the company's Rights Issue. The report was submitted pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 82 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report confirms that there has been no deviation from the objects of the issue as disclosed in the Letter of Offer.

Rights Issue Overview

The Rights Issue involved 3,97,98,999 partly paid-up equity shares issued at a price of Rs. 20 per share, with an issue period from Monday, November 24, 2025 to Tuesday, December 9, 2025. The gross proceeds of the issue aggregate to Rs. 7,959.80 lakhs. Of this, application money of Rs. 1,989.95 lakhs was received during the quarter ending December 31, 2025, while the remaining Rs. 5,969.85 lakhs is to be raised through additional calls as decided by the Board from time to time.

The key parameters of the Rights Issue are summarised below:

Parameter: Details Issue Type: Rights Issue Type of Securities: Equity Shares (Partly Paid) Number of Shares: 3,97,98,999 Issue Price: Rs. 20 per share Issue Period: November 24, 2025 – December 9, 2025 Gross Proceeds: Rs. 7,959.80 lakhs Application Money Received: Rs. 1,989.95 lakhs Remaining Calls (to be raised): Rs. 5,969.85 lakhs Monitoring Agency: Crisil Ratings Limited

Objects of the Issue and Cost Allocation

The gross proceeds of Rs. 7,959.80 lakhs are allocated across three primary objects as disclosed in the Letter of Offer dated November 10, 2025. No revision to the original cost allocation has been made. The allocation is detailed below:

Sr. No. Item Head: Original Cost (Rs. in lakhs) Revised Cost 1 Expansion of CFS, ICD capacity and upgradation of existing facilities 3,979.90 NA 2 Repayment of Loan 1,989.95 NA 3 General Corporate Purpose 1,989.95 NA 4 Gross Proceeds 7,959.80 NA

The Board of Directors approved the reallocation of gross proceeds based on actual receipts through a resolution dated February 10, 2026. Issue expenses of Rs. 61 lakhs are to be funded from internal accruals, with the entire gross proceeds directed towards the objects of the issue.

Utilisation of Proceeds for Quarter Ended March 31, 2026

As at the end of the quarter ended March 31, 2026, a total of Rs. 1,492.46 lakhs had been utilised from the gross proceeds, leaving Rs. 6,467.34 lakhs unutilised. The progress against each object is presented below:

Item Head: Amount Proposed (Rs. in lakhs) Utilised During Quarter (Rs. in lakhs) Total Utilised (Rs. in lakhs) Unutilised (Rs. in lakhs) Expansion of CFS/ICD capacity 3,979.90 0.00 0.00 3,979.90 Repayment of Loan 1,989.95 497.49 497.49 1,492.46 General Corporate Purpose 1,989.95 994.97 994.97 994.97 Gross Proceeds 7,959.80 1,492.46 1,492.46 6,467.34

General Corporate Purpose Utilisation — Related Party Transactions

During the quarter ended March 2026, Rs. 994.97 lakhs under General Corporate Purpose was utilised for part financing of rental payments to related parties — M/s Allcargo Logistics Limited and M/s Transindia Real Estate Limited — for Container Freight Stations at Kolkata Port and JNPT, Navi Mumbai respectively. These transactions were conducted in the ordinary course of business, on an arm's length basis, and within approved Related Party Transaction limits as per the Monitoring Agency's report.

Sr. CFS Location: Amount (Rs. in lakhs) RPT Approval Rental Period 1 Kolkata Port Rs. 715.67 lakhs Audit Committee Omnibus RPT approval dated February 10, 2025 under "Operating Expenses" within upper limit of Rs. 7,200 lakhs for FY March 31, 2026 with Allcargo Logistics Limited November 01, 2025 to October 31, 2026 & January 14, 2026 to January 13, 2027 2 JNPT, Navi Mumbai Rs. 279.29 lakhs Specific Board and Shareholders approval for lease agreement with Transindia Real Estate Limited dated April 15, 2023 and April 17, 2023 respectively February 2026 and March 2026

Deployment of Unutilised Proceeds

The unutilised proceeds have been parked in a designated account. As at the end of the quarter, Rs. 497.49 lakhs was invested in the Allcargo Terminals Limited Allotment Account (Account No. 57500001888759) with HDFC Bank, maturing on February 17, 2027, earning Rs. 3.75 lakhs during the quarter at a return of 6.25%, with a market value of Rs. 501.24 lakhs at quarter end.

Implementation Timeline and Compliance

The Monitoring Agency confirmed no delay in utilisation towards the objects of the issue, based on the Management Undertaking and Peer Reviewed Independent Chartered Accountant Certificate dated May 2, 2026, issued by M/s Appan & Lokhandwala Associates, Chartered Accountants (Firm Registration Number: 117040W). The expected completion timelines for each object remain on track as per the Letter of Offer.

Object: Completion Date (as per Offer Document) Actual Status Expansion of CFS/ICD capacity Fiscal 2029 Ongoing Repayment of Loan Fiscal 2034 Fiscal 2026 General Corporate Purpose Fiscal 2028 Ongoing

The report was signed by Shounak Chakravarty, Director, Ratings (LCG) at Crisil Ratings Limited, and the same has been made available on the company's website at https://www.allcargoterminals.com/right-issue/ .

Allcargo terminals Limited has announced its monthly operational performance for March 2026, demonstrating continued growth in container handling volumes. The company reported total volumes of 58.6 thousand TEUs for the month, reflecting positive momentum in its core terminal operations.

Monthly Performance Overview

The March 2026 operational data shows encouraging growth trends across multiple timeframes. The company achieved a 4% increase in total volumes compared to March 2025, while also recording a 2% month-on-month improvement from February 2026.

Metric March 2026 February 2026 March 2025 MoM Growth YoY Growth Total Volume (000 TEUs) 58.6 57 55 +2% +4% CFS Volume (000 TEUs) 54 52 50 +4% +8% ICD Volume (000 TEUs) 4 5 5 -20% -20%

Operational Segment Analysis

The company's container freight station (CFS) operations contributed the majority of volumes, handling 54 thousand TEUs in March 2026. This segment showed robust performance with an 8% year-on-year increase from 50 thousand TEUs in March 2025. The CFS operations also demonstrated month-on-month growth of 4% from February 2026.

The inland container depot (ICD) operations, conducted through a joint venture with CONCOR, processed 4 thousand TEUs during March 2026. This segment experienced a decline compared to both the previous month and the same period last year, dropping from 5 thousand TEUs in both February 2026 and March 2025.

Annual Performance Trends

The twelve-month operational data from March 2025 to March 2026 reveals the company's volume patterns throughout the period. Peak performance was achieved in December 2025 with 68 thousand TEUs, while the lowest volumes were recorded in June 2025 at 53 thousand TEUs.

Period CFS (000 TEUs) ICD (000 TEUs) Total (000 TEUs) Dec-25 (Peak) 61 7 68 Oct-25 60 6 66 Sep-25 60 7 67 Jun-25 (Lowest) 48 5 53 Mar-26 (Current) 54 4 58

Regulatory Compliance

The operational update was filed in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information under Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015. The information has been made available on the company's website and represents management's limited review of operational parameters.

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