Nature of change: Appointment of Chief Operating Officer (COO)
Name and DIN: Mr. Vinay Shetty (DIN not disclosed in filing)
Effective date: November 12, 2026
Tenure: Full Time Employment
Brief profile: Vinay Shetty brings over 20 years of leadership experience across equipment rental, contract logistics, warehousing, supply chain and business operations. Prior to joining Crown Lifters, he held senior leadership roles at Allcargo Logistics and Supreme SCS, where he led large-scale, multi-location operations, managed business P&Ls and drove strategic growth. At Allcargo Logistics, he managed pan-India equipment rental and transportation operations, overseeing 500+ equipment assets across 30+ locations. As COO of Supreme SCS, he contributed to expanding its warehousing network to 45+ locations and over 1 million sq. ft. across India. He also founded Cargopulse.com, a technology-enabled transportation marketplace. An alumnus of IIM Lucknow and NMIMS Mumbai, Vinay holds a Bachelor's degree in Electronics Engineering and is a Certified Six Sigma Black Belt.
Role responsibilities: At Crown Lifters, he will focus on operational excellence, asset utilisation, sustainable business growth and building scalable processes to support the Company's next phase of expansion.
Relationship with other directors: None disclosed
Previous KMP: The disclosure does not mention who held the COO position earlier or the nature of their exit.
Governance implications: As COO, this represents a key operational leadership appointment with responsibility for driving operational excellence and supporting the company's expansion phase.
