Shareholders re-appoint two Executive Directors and approve Secretarial Auditors at 31st AGM
At the 31st AGM held on September 24, 2026, shareholders re-appointed Mr. Sanjiv P. Joshi and Mr. Kamesh R. Joshi as Executive Directors (both retired by rotation and were eligible).
By ScoutQuest · · 2 min read
- AGM Date
- September 24, 2026
- Director Re-appointed
- Mr. Sanjiv P. Joshi - Executive Director
- Director Re-appointed
- Mr. Kamesh R. Joshi - Executive Director
- Secretarial Auditor Appointed
- M/s. Nitin R Joshi, Practicing Company Secretaries
- Auditor Term
- 5 consecutive years, April 01, 2026 to March 31, 2031
What was approved
At the 31st Annual General Meeting held on Thursday, September 24, 2026 at 11:00 A.M., shareholders approved certain changes in management.
- Mr. Sanjiv Prabhashankar Joshi retired by rotation, was eligible, and has been re-appointed as an Executive Director, with effect from 24th September, 2026. He will continue to be liable to retire by rotation under Section 152(6) of the Companies Act, 2013.
- Mr. Kamesh Rahul Joshi likewise retired by rotation and has been re-appointed as an Executive Director from 24th September, 2026, also liable to retire by rotation.
Background of the directors
Mr. Sanjiv Joshi has been with the logistics and freight forwarding industry from a young age and has been part of the company's growth journey since its early stages, rising from ground-level operations to Director, with a focus on air freight operations, regulatory compliance and coordination with customers, customs authorities and airlines.
Mr. Kamesh R. Joshi has experience across logistics, ports, shipping, supply chain and hospitality, and is associated with policy and operational aspects of the logistics industry including port efficiency and digitalization. He belongs to the Promoter Group and is related to Mr. Rahul J. Joshi and Mr. Harmesh R. Joshi, Directors of the company. Mr. Sanjiv P. Joshi has no other relationship with the company or management.
Secretarial Auditors
Shareholders approved the appointment of M/s. Nitin R Joshi, Practicing Company Secretaries, a Peer Reviewed Firm, as Secretarial Auditors for a term of 5 consecutive years, effective April 01, 2026 till March 31, 2031, on remuneration as may be decided by the Board. The firm was established in 1992 and has total working experience of more than 35 years, serving large corporate groups, listed entities, foreign corporates, SMEs, NGOs/Trusts and LLPs. The Audit Committee and Board recommended the appointment after considering its experience, expertise and independence.
What it means for investors
Both directors are continuing in their roles rather than joining afresh, so there is no change in the composition of executive leadership. The auditor appointment is a governance formality mandated for listed companies. The perception created is one of continuity in management and board oversight.
More numbers
- Secretarial Auditors termfive (5) consecutive years
- AGM number31st Annual General Meeting
- Auditor firm working experiencemore than 35 years
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