Tiger logistics has announced a strategic expansion of its Western India operations, focusing on strengthening its presence in Gujarat to capitalize on accelerating solar export-import demand. The logistics company disclosed this development through a press release dated February 23rd, 2026, filed under Regulation 30 of SEBI (LODR) Regulations, 2015.

Strategic Gujarat Expansion

The company has appointed a General Manager for Gujarat Region to reinforce operational discipline, enhance customer proximity, and accelerate on-ground responsiveness across key accounts. This strategic move builds upon Tiger Logistics' existing infrastructure in the state, where it operates branches in Gandhidham and Ahmedabad.

Solar Logistics Performance

Tiger Logistics' renewable energy vertical, TiGreen, demonstrates strong operational metrics in the solar logistics segment. The division currently handles substantial container movements with significant growth projections.

Gujarat's Solar Manufacturing Dominance

Gujarat's strategic importance in India's solar supply chain provides the foundation for Tiger Logistics' expansion decision. The state maintains a commanding position in the country's solar manufacturing ecosystem.

Key Manufacturing Statistics:

• 47% of India's module manufacturing capacity
• 49% of India's cell production capacity
• Critical node in solar supply chain operations
• High-volume corridor for solar component movements

Industry Growth Drivers

The expansion aligns with significant developments in India's solar manufacturing sector. Industry players have announced ambitious capacity expansion plans that are expected to generate substantial logistics demand.

Capacity Expansion Plans:

• 94.5 GW of additional AIMM-approved cell manufacturing capacity planned
• Pradhan Mantri Surya Ghar Muft Bijli Yojana driving rooftop adoption
• Renewed nationwide interest in solar installations
• Expected long-term component demand growth

Management Commentary

Harpreet Singh Malhotra, CMD of Tiger Logistics (India) Limited, emphasized the strategic rationale behind the expansion: "Our Western India expansion is driven by clear market visibility and the scale at which our solar clients are growing in the state. Enhanced leadership and stronger operational depth in Gujarat will ensure that we can offer sharper responsiveness, tighter process control, and the long-term reliability our customers expect."

Company Background

Tiger Logistics India Limited operates as a leading international logistics company listed on NSE and BSE, providing comprehensive freight forwarding, defence and project logistics, transportation, and customs clearance services. The company launched its proprietary freight booking platform "FreightJar" in 2023, targeting SMEs and MSMEs with competitive freight rates and streamlined booking processes. With over 25 years of experience since its 2000 founding, the company serves multiple industries including automotive, renewable energy, engineering goods, pharmaceuticals, and FMCG sectors through its asset-light model and global partner network.

Tiger Logistics (India) Limited has announced a postal ballot notice seeking shareholder approval for the re-appointment of its Chairman & Managing Director, Mr. Harpreet Singh Malhotra, for an additional five-year term. The company has engaged Bigshare Services Private Limited to facilitate the remote e-voting process for all eligible shareholders.

Re-appointment Details and Remuneration Structure

The postal ballot seeks approval for Mr. Harpreet Singh Malhotra's re-appointment as Chairman & Managing Director for a period of five years, commencing from 08 May 2026 and ending on 07 May 2031. The Board of Directors, based on recommendations from the Nomination and Remuneration Committee and Audit Committee, has proposed a revised remuneration structure.

The proposed remuneration represents a 10% increase from the current compensation and remains within the limits prescribed under Section 197 of the Companies Act, 2013. The Board has confirmed that the revised remuneration is well within the 5% limit applicable to a single Managing Director based on the company's net profits computed under Section 198.

E-voting Timeline and Process

The company has established a comprehensive timeline for the postal ballot process, with all voting to be conducted through electronic means only.

Shareholders whose names appear on the Register of Members or List of Beneficial Owners as on the cut-off date and have registered email addresses will be eligible to participate in the e-voting process. The company has appointed Mr. Manoj Kumar Jain, Practicing Company Secretary, as the Scrutinizer to conduct the postal ballot process.

Leadership Profile and Justification

Mr. Harpreet Singh Malhotra, aged 53 years, is the founder of Tiger Logistics and has been associated with the company since its establishment in 2000. He holds a Commerce degree from Delhi University and has completed a specialized professional course in Foreign Trade from IIIFT, New Delhi. Under his leadership, the company became the 9th logistics company to be listed in India through its IPO in 2013.

The Nomination and Remuneration Committee has recommended the re-appointment based on his continued contribution, leadership experience, and strategic direction provided to the company. His extensive experience of more than 25 years in the logistics sector and recognition at national and international levels for contributions to the logistics industry support the re-appointment proposal.

Compliance and Regulatory Framework

The postal ballot notice has been issued in compliance with Section 110 read with Section 108 of the Companies Act, 2013, and Rules 22 and 20 of the Companies (Management and Administration) Rules, 2014. The process also adheres to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and various MCA and SEBI circulars.

The resolution requires approval as a Special Resolution, and if passed by the requisite majority, it will be deemed to have been passed on the last date of e-voting. The voting results along with the Scrutinizer's report will be published on the company's website and communicated to the stock exchanges where the company's shares are listed.

Source: None/Company/INE906O01029/2715e1f1-b72f-4fbc-bb15-a24228f49eab.pdf