Approval of the reappointment of Mr. Shafi Mohammad - Executive Director of the Company, who was retiring by rotation at the 44th AGM held on 29/09/2025
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At the 44th Annual General Meeting held on 29 September 2025 via video conferencing, shareholders approved the reappointment of Mr. Shafi Mohammad as Executive Director of the company through an ordinary resolution. Mr. Shafi Mohammad, aged 73, is the founder of the company and brings 46 years of experience in logistics and allied activities. The reappointment is part of the standard retirement-by-rotation process and took effect from the date of the AGM. He is related to Mr. Ajaz Shafi Mohammed, who serves as Managing Director and CEO of the company.
This is a routine procedural reappointment with no change in leadership or strategy, so it is unlikely to have any material impact on the stock price. It signals continuity at the board level with the founder-promoter family remaining in control.