Change in Director / Key Managerial Personnel
Nature of change: Resignation of Chairman and appointment of new Chairman
Resignation Details:
- Mr. Shashi Kiran Shetty (DIN: 00012754) resigned from the office of Director and Chairman of the Company
- Effective date: August 5, 2026, upon closure of business hours
- Reason for resignation: Due to his other commitments
- Mr. Shetty confirmed that there are no other material reasons for his resignation other than those stated
- He was the Founder and Chairman of the Company
Appointment Details:
- Mr. Dinesh Kumar Lal (DIN: 00037142) appointed as Chairman of the Board of Directors
- Effective date: August 5, 2026
- Brief profile: Senior professional with extensive experience in the logistics and supply chain industry, associated with the Company/Group for several years. Has held senior leadership positions and possesses significant experience in business strategy, operations, management and corporate governance.
- Relationship with other directors: Not related to any Director or Key Managerial Personnel of the Company
- Eligibility: Not debarred from holding the office of Director by virtue of any SEBI order or any other such authority
Key Financial or Operational Approvals
No specific financial or operational approvals related to fundraising, capital expenditure, or financial results were disclosed in this filing.
Strategic or Business Context
The Board placed on record its sincere appreciation for the valuable contribution, leadership, guidance and support provided by Mr. Shashi Kiran Shetty during his tenure with the Company. No specific forward-looking business outlook, risks, or strategic changes were disclosed in relation to this management change.
Any Other Material Information
Reconstitution of Board Committees:
Consequent upon the resignation of Mr. Shashi Kiran Shetty, the Board approved the re-constitution of the Committees of the Board with effect from August 5, 2026.
Revised Committee Composition:
Audit Committee:
- Mr. Hetal Madhukant Gandhi - Chairman (Non-Executive - Independent Director)
- Mrs. Radha Ahluwalia - Member (Non-Executive - Independent Director)
- Mr. Dinesh Kumar Lal - Member (Non-Executive - Independent Director)
Corporate Social Responsibility Committee (CSRC):
- Mrs. Arathi Shetty - Chairperson (Non-Executive - Independent Director)
- Mr. Dinesh Kumar Lal - Member (Non-Executive - Independent Director)
- Mr. Hetal Madhukant Gandhi - Member (Non-Executive - Independent Director)
Risk Management, Finance, Strategy and Legal Committee (RMFSLC):
- Mr. Dinesh Kumar Lal - Chairman (Non-Executive - Independent Director)
- Mr. Sivaraman Narayanaswami - Member (Non-Executive - Independent Director)
- Mr. Ketan Nishikant Kulkarni - Member (Executive Director)
Stakeholders Relationship Committee:
- Mrs. Radha Ahluwalia - Chairperson (Non-Executive - Independent Director)
- Mr. Dinesh Kumar Lal - Member (Non-Executive - Independent Director)
- Mr. Ketan Nishikant Kulkarni - Member (Executive Director)
Meeting Details:
- The Board meeting commenced at 4:25 PM IST and concluded at 6:30 PM IST on August 5, 2026
Regulatory Compliance:
- This intimation is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- The disclosure includes requisite information as required under applicable SEBI Circulars