Jet Freight Logistics Limited will invest ₹18 crore to acquire a 45% strategic stake in Natwest Trade & Logistics Services – FZCO, a Free Zone Company based in the UAE. The Board of Directors approved the investment on July 14, 2026, to expand the company's international footprint and strengthen its global logistics network. The acquisition targets a technology-enabled logistics platform to enhance freight forwarding capabilities and facilitate cross-border trade.

The consideration for the acquisition will be discharged through cash, payable in one or more tranches over a tentative period of two years. The company has entered into a Share Subscription and Shareholders' Agreement to regulate the rights and obligations of the shareholders. The Investee Company, incorporated on November 22, 2024, operates in general trading, freight brokerage, and management consultancy services.

Natwest Trade & Logistics Services reported a turnover of AED 3,50,000 for the fiscal year 2025. Its authorized and paid-up share capital currently stands at AED 50,000, divided into 100 ordinary shares with a face value of AED 500 each. The acquisition does not constitute a related party transaction, and the promoters or group companies hold no interest in the target entity.

Investment Details

The primary objective of the investment is to establish a strategic presence in a leading logistics hub and support the company's long-term growth strategy. The Investee Company is licensed to conduct business activities including general trading, freight brokerage, and management consultancy services, with a presence across the United Arab Emirates.

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