Jet Freight Logistics Limited has informed the Exchange regarding Notice of Postal Ballot
JETFREIGHT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jet Freight Logistics Limited is seeking shareholder approval via postal ballot for re-appointing two key executive directors. Mr. Richard Francis Theknath is being re-appointed as Managing Director and Chairman, and Mr. Dax Francis Theknath is being re-appointed as Whole-time Director, both for a period of three years starting June 20, 2026. Both directors will receive annual remuneration of Rs. 1.5 crore to Rs. 2 crore per annum (including performance incentives), with provisions for payment even if the company has inadequate profits. The e-voting period runs from April 29, 2026 to May 28, 2026, with results to be declared by May 30, 2026. The resolutions require special resolution approval (75% majority) from shareholders.
Continuity of current leadership team is being confirmed. The significant remuneration packages (up to Rs. 2 crore each annually) and approval under SEBI regulations for potentially higher payouts indicate management stability but also substantial fixed compensation costs for the company.