Jet Freight Logistics Ltd. Announces Postal Ballot for Director Re-appointments
Jet Freight Logistics Limited is conducting a postal ballot for shareholders to approve the re-appointment of Mr. Richard Francis Theknath as MD & Chairman and Mr. Dax Francis Theknath as Whole-time Director for three years from June 20, 2026. E-voting runs from April 29 to May 28, 2026. Annual remuneration for both directors is proposed at ₹1.50 crore, potentially increasing to ₹2.00 crore.
The re-appointment of key management personnel and the approval of their remuneration are significant for the company's operational continuity and strategic direction. Shareholders' approval is required, indicating a material event.
The announcement pertains to routine corporate governance matters, specifically the re-appointment of directors and their remuneration, which does not inherently suggest a positive or negative financial impact on the company.
Jet Freight Logistics Limited has announced a postal ballot process to seek shareholder approval for the re-appointment of Mr. Richard Francis Theknath as Managing Director and Chairman, and Mr. Dax Francis Theknath as Whole-time Director. Both appointments are proposed for a period of three years, effective from June 20, 2026, to June 19, 2029.
The postal ballot will be conducted via remote e-voting. The e-voting period commences on April 29, 2026, at 9:00 AM IST and concludes on May 28, 2026, at 5:00 PM IST. The company has appointed Bigshare Services Pvt Ltd to facilitate the e-voting process. The results of the postal ballot are expected to be submitted to the stock exchanges on or before May 30, 2026.
Key details of the proposed remuneration for Mr. Richard Francis Theknath include an annual remuneration of ₹1.50 crore, with a potential increase up to ₹2.00 crore per annum, excluding incentives. Similarly, Mr. Dax Francis Theknath is proposed to receive an annual remuneration of ₹1.50 crore, with a potential increase up to ₹2.00 crore per annum, excluding incentives. Both directors will be entitled to reimbursement of actual expenses incurred in connection with the company's business and will not receive sitting fees for board meetings.
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Jet Freight Logistics Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Jet Freight Logistics Limited. Read the original for the full detail.