Jet freight logistics Limited has revised the effective date of resignation for a senior management personnel, extending the notice period to facilitate proper handover procedures.

Resignation Date Extension Details

The company informed stock exchanges on April 29, 2026, about the extension of Mr. Dheeraj Chanigalla's resignation date. Mr. Chanigalla serves as Deputy General Manager Sales – Air Export and is classified as Senior Management Personnel under Regulation 16(1)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Handover Process Requirements

The extension letter indicates that the additional time is specifically required for the handover of airline business responsibilities. The company's HR department, represented by Senior Manager Desiree Dantas, formalized the extension agreement with Mr. Chanigalla's acknowledgment.

Regulatory Compliance

Jet Freight Logistics Limited filed the revision notice in continuation of their original intimation dated March 5, 2026. The company maintains compliance with stock exchange disclosure requirements by promptly informing both NSE and BSE about the change in resignation timeline.

Company Operations Context

The logistics company operates across multiple locations in India and internationally, with presence in Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Kolkata, and other major cities. The company also maintains wholly-owned subsidiaries in Dubai, Netherlands, and USA, along with operations in the UK.

Jet Freight Logistics has officially completed the dispatch of its postal ballot notice on April 28, 2026, seeking shareholder approval for the re-appointment of two key executive directors through special resolutions. The company has issued formal intimation to stock exchanges regarding newspaper publication of the postal ballot notice under Regulation 30 of SEBI Listing Regulations.

Postal Ballot Notice Dispatch and Publication

The company has fulfilled regulatory requirements by publishing newspaper advertisements on Wednesday, April 29, 2026, in The Free Press Journal (English) and Navshakti (Marathi). The notice contains comprehensive details regarding postal ballot dispatch, remote e-voting facility, cut-off date, and other relevant information for shareholders.

Director Re-appointments and Terms

The postal ballot covers two special resolutions for director re-appointments effective from June 20, 2026 to June 19, 2029. Both directors' current tenures end on June 19, 2026, making these re-appointments crucial for leadership continuity.

E-voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process with remote e-voting facility provided by Bigshare Services Pvt Ltd:

Ms. Jigyasa Ved (Membership No. FCS 6488) or Ms. Sarvari Shah (Membership No. FCS 9697) of Parikh & Associates have been appointed as scrutinizers to ensure fair and transparent conduct of the postal ballot process.

Remuneration Structure

The proposed remuneration structure for both directors follows an identical framework with performance-based increments:

Company Financial Performance

The company's recent financial performance shows significant improvement:

The postal ballot notice has been sent electronically to shareholders whose email addresses are registered with the company or depositories as of the cut-off date. The notice is also available on the company's website and stock exchange platforms for shareholder access and review.

Source: None/Company/INE982V01025/50e065c49c6946a1.pdf