<h4 data-path-to-node="3" style="font-family: &quot;Google Sans&quot;, sans-serif !important; line-height: 1.15 !important;"><b>Former APSEZ Ports Chief Takes Helm on Three-Year Mandate, Accelerating ATL's National Footprint Toward 1-Million-TEU Capacity Target</b></h4><p data-path-to-node="4" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><b data-path-to-node="4" data-index-in-node="0" style="line-height: 1.15 !important;">MUMBAI</b> — Allcargo Terminals Limited (ATL), an Allcargo Group company and operator of one of India's extensive Container Freight Station (CFS) and Inland Container Depot (ICD) networks, has announced the appointment of infrastructure and ports industry veteran <b data-path-to-node="4" data-index-in-node="260" style="line-height: 1.15 !important;">Pranav Choudhary</b> as its Managing Director.</p><p data-path-to-node="5" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;">The appointment took effect on <b data-path-to-node="5" data-index-in-node="31" style="line-height: 1.15 !important;">September 1, 2026</b>, for a three-year term running through August 31, 2029. The decision follows recommendations from the Nomination and Remuneration Committee and approval by the Board of Directors, which also inducted Choudhary as an Additional Director. His appointment and proposed remuneration package will be placed before shareholders for formal confirmation at ATL’s 7th Annual General Meeting (AGM) scheduled for <b data-path-to-node="5" data-index-in-node="451" style="line-height: 1.15 !important;">September 22, 2026</b>.</p><p data-path-to-node="6" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;">Choudhary succeeds incumbent Managing Director <b data-path-to-node="6" data-index-in-node="47" style="line-height: 1.15 !important;">Suresh Kumar Ramiah</b>, who concluded his tenure upon reaching superannuation on August 31, 2026.</p><h4 data-path-to-node="8" style="font-family: &quot;Google Sans&quot;, sans-serif !important; line-height: 1.15 !important;"><b>Decades of Heavy Maritime and Infrastructure Execution</b></h4><p data-path-to-node="9" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;">Choudhary brings over 25 years of specialized operational, corporate finance, and project execution experience across India's maritime transport, shipping, and infrastructure sectors:</p><ul data-path-to-node="10" style="padding-inline-start: 32px; font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><li style="line-height: 1.15 !important;"><p data-path-to-node="10,0,0" style="line-height: 1.15 !important;"><b data-path-to-node="10,0,0" data-index-in-node="0" style="line-height: 1.15 !important;">Leadership at APSEZ:</b> Prior to joining Allcargo Terminals, Choudhary served as Chief Executive Officer (Ports) at Adani Ports and Special Economic Zone (APSEZ), overseeing the group's domestic multi-port commercial asset portfolio. His prior assignments within the group encompassed executive roles as Senior Vice President &amp; CEO for Hazira and Dahej ports and Joint President heading the container terminal vertical.</p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="10,1,0" style="line-height: 1.15 !important;"><b data-path-to-node="10,1,0" data-index-in-node="0" style="line-height: 1.15 !important;">Core Competencies:</b> Over his career, Choudhary has directed large-scale logistics and gateway infrastructure programs, with deep domain expertise spanning capital allocation, multimodal project development, intermodal yard operations, public policy advocacy, and regulatory governance</p></li></ul><blockquote data-path-to-node="12" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><div _ngcontent-ng-c594085402="" class="source-inline-chip-container luminous-sources ng-star-inserted" style="line-height: 1.15 !important;"><b style="font-family: &quot;Google Sans&quot;, sans-serif; font-size: inherit;">Strategic Roadmap: Scaling Capacity to 1 Million TEUs by FY30</b></div></blockquote><p data-path-to-node="16" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;">Choudhary assumes executive command during a capital investment and operational scale-up phase across Allcargo Terminals' pan-India network:</p><ol start="1" data-path-to-node="17" style="padding-inline-start: 32px; font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><li style="line-height: 1.15 !important;"><p data-path-to-node="17,0,0" style="line-height: 1.15 !important;"><b data-path-to-node="17,0,0" data-index-in-node="0" style="line-height: 1.15 !important;">Reaching 1 Million TEUs:</b> ATL is advancing toward a group target of <b data-path-to-node="17,0,0" data-index-in-node="67" style="line-height: 1.15 !important;">1 million TEUs</b> in annual throughput capacity by FY30. Currently operating at approximately <b data-path-to-node="17,0,0" data-index-in-node="158" style="line-height: 1.15 !important;">90% capacity utilization</b> across its baseline network, the company is actively expanding facilities to relieve yard density and accelerate container velocity.</p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="17,1,0" style="line-height: 1.15 !important;"><b data-path-to-node="17,1,0" data-index-in-node="0" style="line-height: 1.15 !important;">Key On-Ground Expansions:</b></p><ul data-path-to-node="17,1,1" style="padding-inline-start: 32px; line-height: 1.15 !important;"><li style="line-height: 1.15 !important;"><p data-path-to-node="17,1,1,0,0" style="line-height: 1.15 !important;"><b data-path-to-node="17,1,1,0,0" data-index-in-node="0" style="line-height: 1.15 !important;">JNPT (Speedy CFS Expansion):</b> Adding <b data-path-to-node="17,1,1,0,0" data-index-in-node="36" style="line-height: 1.15 !important;">60,000 TEUs</b> of annual container handling throughput adjacent to Jawaharlal Nehru Port, optimizing direct turnaround loops for mainline and coastal container cargo.</p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="17,1,1,1,0" style="line-height: 1.15 !important;"><b data-path-to-node="17,1,1,1,0" data-index-in-node="0" style="line-height: 1.15 !important;">Farukhnagar Private Freight Terminal (PFT):</b> Construction of a dedicated Private Freight Terminal at Farukhnagar in Haryana remains on track for operational commissioning by <b data-path-to-node="17,1,1,1,0" data-index-in-node="173" style="line-height: 1.15 !important;">March 2027</b>, establishing a high-capacity intermodal bridge connected directly to northern manufacturing corridors.</p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="17,1,1,2,0" style="line-height: 1.15 !important;"><b data-path-to-node="17,1,1,2,0" data-index-in-node="0" style="line-height: 1.15 !important;">Major Hub Modernization:</b> Deploying equipment upgrades, automated container-tracking systems, and expanded bonded staging space across primary seaboard and inland nodes in Mundra, Chennai, Kolkata, and Dadri.</p></li></ul></li><li style="line-height: 1.15 !important;"><p data-path-to-node="17,2,0" style="line-height: 1.15 !important;"><b data-path-to-node="17,2,0" data-index-in-node="0" style="line-height: 1.15 !important;">Financial Foundation:</b> For FY2025–26, Allcargo Terminals posted standalone sales revenue of <b data-path-to-node="17,2,0" data-index-in-node="91" style="line-height: 1.15 !important;">₹5.64 billion</b> with a profit after tax (PAT) of <b data-path-to-node="17,2,0" data-index-in-node="138" style="line-height: 1.15 !important;">₹30.9 million</b>, providing a balanced balance sheet to fund ongoing asset expansions and technology modernization.</p></li></ol><h4 data-path-to-node="19" style="font-family: &quot;Google Sans&quot;, sans-serif !important; line-height: 1.15 !important;"><b>Corporate and Governance Mandate</b></h4><p data-path-to-node="20" id="p-rc_0d01cdcbc91c8156-425" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span data-path-to-node="20,0" style="line-height: 1.15 !important;">Under the governance terms approved by the Board, Choudhary will also serve across key board-level leadership bodies, including the Audit Committee, CSR Committee, and Stakeholders Relationship Committee. His mandate encompasses driving end-to-end digital transformation across gate logistics, rolling out automated optical character recognition (OCR) systems, streamlining customs clearance interfaces, and expanding multimodal rail-sea integration under the National Logistics Policy (NLP)</span><span data-path-to-node="20,1" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1308884365="" class="ng-star-inserted" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1308884365="" class="superscript" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="20,2" style="line-height: 1.15 !important;">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c934665709="" style="line-height: 1.15 !important;"><!----></sources-carousel-inline></p><p data-path-to-node="21" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;">With subcontinental manufacturing clusters decentralizing and major shipping lines demanding faster port-evacuation cadences, Choudhary's appointment positions Allcargo Terminals to scale its asset footprint and maintain its role as an essential facilitator of Indian export-import trade flows.</p>