Jet Freight Logistics has restructured its senior management by appointing seven employees to Senior Management Personnel roles and altering the reporting lines for several existing executives, effective July 1, 2026. The Board of Directors approved these changes via a circular resolution on June 30, 2026, following the recommendation of the Nomination & Remuneration Committee. The reorganization consolidates reporting responsibilities, with multiple personnel now reporting to Mr. Richard Francis Theknath.

The newly appointed Senior Management Personnel include Mr. Ranjith Kuniyil, Mr. Hetal Shah, Ms. Desiree Dantas, Mr. Samuel Prabhu Kumar W, Mr. Irfan Buran Shaikh, Mr. Sidhartha Charan Jena, and Mr. Narendra Gupta. These appointments are classified under Regulation 16(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed that none of these individuals are related to any Director of the Company.

Consequent to the restructuring, the reporting structure for existing Senior Management Personnel has also changed. Executives such as Mr. Mohnish Sunil Arora, Mr. Parag Mehta, Mr. Deepak Dinesh Kacha, Mr. Venkata Ganesh Bathina, Mr. Edward Dsouza, and Ms. Sweety Lalitkumar Soni will now report to Mr. Richard Francis Theknath. Additionally, Mr. Narendra Gupta, Mr. Edward Dsouza, and Ms. Sweety Lalitkumar Soni were promoted to the position of Assistant General Manager.

The disclosures were submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI Listing Regulations. The company confirmed that the requisite details regarding the changes in reporting structure and appointments have been provided as per the regulatory circular dated January 30, 2026.

Appointed Senior Management Personnel

Jet Freight Logistics has allotted 2,22,40,000 warrants to members of its promoter group, increasing the group's holding on a fully diluted basis to 54.70%. The warrants were issued at a price of ₹18 per warrant, convertible into one fully paid-up equity share with a face value of ₹5 each. The allotment was approved by the Board of Directors on June 05, 2026.

Warrant Allotment Details

The preferential allotment was made to three members of the promoter group: Ms. Thea Richard Theknath, Mr. Tyrus Richard Theknath, and Ms. Tyra Richard Theknath. The warrants can be exercised into equity shares at any time before the expiry of 18 months from the date of allotment. The total diluted share capital post-allotment stands at ₹41.91 crore, comprising 8,38,31,478 equity shares.

Shareholding Changes

Prior to the allotment, the promoter and promoter group held 50.92% of the total voting capital, representing 2,36,26,488 shares. Following the issuance of warrants, the group's holding on a fully diluted basis rises to 54.70%, accounting for 4,58,66,488 shares. The disclosure regarding this substantial acquisition was submitted to the stock exchanges on June 09, 2026, under Regulation 29(1) of the SEBI (Substantial Acquisition and Takeover) Regulations, 2011. The filing was made by Ms. Tyra Richard Theknath on behalf of the acquirers, promoters, and members of the promoter group.