Notice of Postal Ballot.
TIGERLOGS · price
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Tiger Logistics (India) Ltd has issued a Postal Ballot Notice seeking shareholder approval on two items. First is the re-appointment of Mr. Susanta Kumar Panda (DIN: 07917003) as an Independent Director for a second term of 5 consecutive years, from April 1, 2025 to March 31, 2030. Mr. Panda, aged 66, is a retired IRS officer (1982 batch) with extensive experience in customs, enforcement, and GST implementation. Second is an increase in monthly remuneration of Ms. Simar Malhotra, who belongs to the promoter group and heads Global Markets and Procurement, from Rs 2,50,000 to Rs 3,47,070 per month (a roughly 39% hike), effective April 1, 2025. E-voting opens on May 30, 2025 and closes on June 28, 2025, with results to be announced by July 1, 2025. Mr. Manoj Kumar Jain has been appointed as the Scrutinizer for the process.
Both resolutions are largely routine governance matters. The Independent Director re-appointment brings continuity to the board. The promoter group salary hike, while modest in absolute terms, is a related party transaction requiring shareholder approval and may attract attention from governance-focused investors monitoring promoter remuneration.