GB Logistics Commerce CFO Navin Keshrimal Mehta Steps Down, Board to Appoint New Executive Director and CFO

GB Logistics Commerce Limited announced that its Chief Financial Officer (CFO), Navin Keshrimal Mehta, has tendered his resignation, effective September 30, 2025. The company's Board of Directors is set to meet on October 6, 2025, to discuss the appointment of a new Executive Director and CFO, among other matters.

Resignation Details

Mehta cited increasing personal and professional commitments as the primary reason for his departure. In his resignation letter, he expressed that these commitments require his dedicated attention, making it challenging to continue fulfilling his CFO responsibilities with the necessary focus and dedication.

Mehta's Tenure and Gratitude

In his communication to the Board, Mehta conveyed his gratitude for the trust and support he received during his tenure at GB Logistics Commerce Limited. He also expressed pride in being part of the company's growth journey in the logistics sector.

Smooth Transition

Demonstrating his commitment to the company, Mehta has pledged to ensure a smooth handover of responsibilities. This approach aims to minimize any potential disruption to the company's financial operations during the transition period.

Board Meeting and Future Plans

The company has scheduled a Board of Directors meeting for October 6, 2025, to address several key matters:

Appointment of a new Executive Director and Chief Financial Officer (CFO)
Discussion of Mehta's resignation
Consideration of the resignation of an existing Director

Additional Board Changes

In a separate announcement, the company disclosed that Mr. Kashyap Budhaji Pakhide, a Non-Executive Director, has also resigned from the Board of Directors, effective September 30, 2025. Pakhide cited increasing professional commitments and pre-occupation with other business activities as reasons for his departure.

Trading Window Closure

In compliance with SEBI regulations, GB Logistics Commerce Limited has announced that the trading window for dealing in the company's securities will remain closed for designated persons and their immediate relatives until 48 hours after the conclusion of the upcoming Board Meeting.

As GB Logistics Commerce Limited navigates these leadership changes, stakeholders will be keenly watching how the company manages the transition and appoints new leadership to guide its financial strategy and operations in the competitive logistics sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.79%	-11.99%	+38.12%	+14.86%	-31.74%	-31.74%

GB Logistics Commerce Limited has announced a significant development in its business operations, securing a major work order valued at ₹1.07 billion (approximately ₹107 crores), including GST. This contract represents a substantial business development for the logistics firm.

Contract Details

The work order encompasses the following key points:

Aspect	Details
Principal Contractor	Adas Mining and Infra Private Limited
End Client	South Eastern Coalfields Limited (SECL), a Government of India enterprise
Project Location	Chhal Open Cast Project (OCP), Raigarh Area
Scope of Work	Loading and Transportation activities
Contract Value	₹1.07 billion (approximately ₹107.00 crores, including GST)

Impact on GB Logistics Commerce

GB Logistics Commerce Limited expects this contract to have a substantial positive impact on its business:

Revenue Growth: The company anticipates that this contract will contribute significantly to its revenue stream.
Operational Expansion: The project is likely to boost the company's operational activities in the mining sector.
Strategic Positioning: This contract strengthens GB Logistics' position in the coal mining logistics segment.

Management Statement

In a regulatory filing, Mr. Prashant Natwarlal Lakhani, Managing Director of GB Logistics Commerce Limited, stated, "This contract is expected to contribute significantly to the revenue and operational growth of the Company."

About South Eastern Coalfields Limited (SECL)

South Eastern Coalfields Limited is a subsidiary of Coal India Limited and a Government of India enterprise. It is one of the largest coal-producing companies in the country, operating several mines in the states of Chhattisgarh and Madhya Pradesh.

Conclusion

This new contract underscores GB Logistics Commerce Limited's growing presence in the mining logistics sector and its ability to secure significant projects with government-affiliated enterprises. Investors and stakeholders will likely be watching closely to see how this contract impacts the company's financial performance in the coming quarters.