Allcargo Terminals Limited has announced the re-appointment of Prafulla Chhajed as a Non-Executive Independent Director for a fresh three-year term, subject to shareholder approval. The decision was taken by the board via circular resolution on March 9, 2026, with the re-appointment set to commence from April 15, 2026 and run through April 14, 2029.
Chhajed brings a multi-faceted profile to the board, being a Fellow and practicing member of the Institute of Chartered Accountants of India (ICAI), a member of CPA Australia, and a law graduate with ICAI certifications in Forensic Accounting and Fraud Detection as well as Business Responsibility and Sustainability Reporting (BRSR). His leadership track record includes serving as President of ICAI (2019–20) and as Chairman of the Western India Regional Council (WIRC) of ICAI (2007–08). On the international stage, he has presided over the Confederation of Asia & Pacific Accountants (CAPA), Malaysia (2023–2025), and contributed to IFAC’s global professional accounting initiatives.
Chhajed’s career spans governance roles across regulatory and financial institutions. He has served as an Independent Director with the Insurance Regulatory and Development Authority (IRDA) and State Bank of India, and as a member of SEBI’s Primary Market Advisory Committee. His board experience includes positions with SBI Mutual Fund Trustee Company (P) Ltd and GIC Housing Finance Limited, among others, while his contributions to professional bodies and educational institutions underscore a deep commitment to governance, risk management, and sustainability reporting.
The board’s decision to reappoint him reinforces Allcargo’s intent to bolster governance with a director who brings broad regulatory insight, financial stewardship, and international exposure. As the company expands its terminal footprint and navigates evolving regulatory and sustainability expectations, Chhajed’s independent oversight is positioned to help sustain stakeholder trust and strategic continuity.