Tiger Logistics (India) Limited has informed the Exchange regarding Notice of Postal Ballot
TIGERLOGS · price
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Awaiting price reaction for this filing.
Tiger Logistics (India) Limited has issued a postal ballot notice to shareholders seeking approval for the re-appointment of Mr. Harpreet Singh Malhotra as Chairman & Managing Director for a fresh 5-year term from 8 May 2026 to 7 May 2031. His revised remuneration has been proposed at ₹1.188 crore per annum (₹9.90 lakh per month), a 10% increase from the existing ₹1.08 crore per annum, and is within the 5% of net profits limit allowed for a single Managing Director. The remote e-voting window opens at 9:00 AM on 24 February 2026 and closes at 5:00 PM on 25 March 2026, with the cut-off date set as 20 February 2026 and results to be announced by 27 March 2026. Mr. Malhotra, the founder of the company, holds 2,06,13,510 equity shares (19.50% stake) and has led the company since its 2000 founding and 2013 IPO. The resolution has been recommended by the Nomination and Remuneration Committee and the Audit Committee, and is being passed as a Special Resolution.
Since the promoter Mr. Malhotra himself holds nearly 20% of the company, the resolution is highly likely to pass, and the stock is unlikely to see a meaningful reaction. The 10% pay hike signals modest, performance-linked cost discipline and ensures leadership continuity under the founder.