Jet Freight Logistics Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
JETFREIGHT · price
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Jet Freight Logistics Limited has announced the results of its postal ballot conducted via remote e-voting. Two special resolutions were passed with overwhelming shareholder approval on May 29, 2026. First, the re-appointment of Mr. Richard Francis Theknath as Managing Director and Chairman for three years was approved with 100% votes in favour (24,015,036 shares out of 24,015,045 valid votes cast), with only 9 votes against. Second, Mr. Dax Francis Theknath was re-appointed as Whole-time Director for three years with 100% approval (24,015,033 shares in favour, only 12 against). The voting period ran from April 29 to May 28, 2026, with a 51.75% quorum participation rate (24,015,045 votes out of 46,403,784 eligible shares). Both resolutions were classified as Special Resolutions requiring 75% shareholder approval, and both easily cleared this threshold.
The unanimous re-appointment of both key directors ensures continuity in the company's leadership. The near-unanimous shareholder approval (essentially 100%) indicates strong shareholder confidence in the existing management team, which is a positive signal for the company's operational stability.