Om Freight Forwarders Limited has informed the Exchange regarding Notice of Postal Ballot
OMFREIGHT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Om Freight Forwarders Limited has issued a postal ballot notice seeking shareholder approval for two special business items. First, the reappointment of Mr. Rahul J Joshi as Chairman & Managing Director for 5 years (April 1, 2026 to March 31, 2031) with proposed remuneration of up to Rs. 5 crore per annum inclusive of salary, perquisites, and allowances. The remuneration may be paid as minimum remuneration even in case of inadequate or absent profits for three financial years (FY 2026-27 to FY 2028-29). Second, the appointment of Mr. Keval M. Shah as Non-Executive Independent Director for 5 years (May 13, 2026 to May 12, 2031). The e-voting period runs from May 22, 2026 to June 20, 2026, conducted through NSDL. Mr. Nitin R Joshi has been appointed as scrutinizer.
Shareholders should note that approving the CMD remuneration clause means payment could continue even without profits, which affects minority shareholder protections. The new independent director appointment strengthens board governance. The company is listed on BSE (scrip: 544564) and NSE (symbol: OMFREIGHT).