Key Board Approvals

1. Borrowing Limit Increase

  • Approved increase in borrowing limits under Section 180(1)(c) of Companies Act, 2013
  • Maximum borrowing limit set at ₹250 Crores (Indian Rupees Two Hundred and Fifty Crores Only)
  • Subject to shareholder approval

2. Security Creation Authority

  • Authorization to create fixed/floating charges on company properties
  • Can pledge/hypothecate/mortgage movable/immovable properties, present and future
  • Maximum secured indebtedness limited to ₹250 Crores
  • Requires shareholder approval under Section 180(1)(a)

3. Loans/Guarantees Limit

  • Approved limits for giving loans/guarantees beyond Section 186 limits
  • Maximum limit set at ₹150 Crores (Indian Rupees One Hundred and Fifty Crores Only)

4. US Subsidiary Capital Infusion

  • Approved capital infusion into Jet Freight Logistics INC, USA (Delaware)
  • Wholly owned subsidiary of the company
  • Infusion to be in the form of equity capital
  • Additional Details from Annexure A:
  • Subsidiary incorporated on December 02, 2022
  • Not operational since incorporation (no turnover/size details available)
  • Industry: Freight Forwarding, Freight & Cargo handling Services
  • Purpose: Capitalize on emerging US business opportunities, expand operations, strengthen international footprint
  • Transaction classified as related party transaction (arm's length basis)
  • Mr. Richard Francis Theknath (promoter) serves as Director of the investee company
  • Capital infusion to be made in one or more tranches by March 31, 2027
  • No governmental/regulatory approvals required

5. Netherlands Subsidiary Dissolution

  • Approved voluntary strike-off & dissolution of Jet Freight Logistics B.V.
  • Subsidiary incorporated on April 22, 2021 in Netherlands
  • Subject to receipt of statutory approvals in Netherlands
  • Additional Details from Annexure B:
  • Subsidiary has not commenced operations post-incorporation
  • No turnover, revenue, income or net worth contributed
  • Expected completion within 6 months (by end of January 2027)
  • Upon completion, will cease to be wholly owned subsidiary

6. Annual General Meeting Details

  • 20th Annual General Meeting scheduled for Wednesday, September 23, 2026
  • Time: 11:30 A.M.
  • Mode: Video conference (VC) / Other Audio-Visual Means (OAVM)
  • Cut-off date for eligibility: Wednesday, September 16, 2026

Additional Information

  • All information available on company website: https://www.jfll.com/
  • Notice of AGM to be sent to BSE Limited & National Stock Exchange of India Limited