AGM approves re-appointment of six Wholetime Directors and one Independent Director

At the 32nd AGM held on 29th September, 2026, members approved re-appointment of Bipin C. Shah, Narendra C. Shah, Rajnikant C. Shah, Mukesh M. Shah.

Tue 29 Sep 2026

AGM Date

29th September, 2026

Wholetime Directors Re-appointed

Bipin C. Shah, Narendra C. Shah, Rajnikant C. Shah, Mukesh M. Shah, Mahendra C. Shah, Rupesh M. Shah

Director Term

5 years from 15th September, 2026

Remuneration Approval Period

3 years

Independent Director Appointed

Rajesh Manilal Joshi for 5 years from 12th August, 2026

What was approved

The members of the company, at the 32nd Annual General Meeting held on 29th September, 2026, approved changes to the board.

• Re-appointment of Mr. Bipin C. Shah as Wholetime Director for 5 years from 15th September, 2026; remuneration approved for 3 years.
• Re-appointment of Mr. Narendra C. Shah as Wholetime Director for 5 years from 15th September, 2026; remuneration for 3 years.
• Re-appointment of Mr. Rajnikant C. Shah as Wholetime Director for 5 years from 15th September, 2026; remuneration for 3 years.
• Re-appointment of Mr. Mukesh M. Shah as Wholetime Director for 5 years from 15th September, 2026; remuneration for 3 years.
• Re-appointment of Mr. Mahendra C. Shah as Wholetime Director for 5 years from 15th September, 2026; remuneration for 3 years.
• Re-appointment of Mr. Rupesh M. Shah as Wholetime Director for 5 years from 15th September, 2026; remuneration for 3 years.
• Appointment of Mr. Rajesh Manilal Joshi as a Non-Executive Independent Director for 5 years with effect from 12th August, 2026.

Background of the directors

Bipin C. Shah, Narendra C. Shah, Rajnikant C. Shah, Mukesh M. Shah, Mahendra C. Shah and Rupesh M. Shah have all been associated with the company since inception, handling areas such as fleet management, fleet maintenance, marketing, exim, finance and accounts, compliance, administration and regional operations at Mumbai, Chennai and Bangalore. Their experience in the transport and logistics industry ranges from about 45 years to almost 5 decades.

Bipin, Narendra, Rajnikant and Mahendra C. Shah are brothers; Mukesh M. Shah and Rupesh M. Shah are brothers.

Rajesh Manilal Joshi is a Chartered Accountant from ICAI with a Bachelor of Laws (taxation) and a Bachelor of Commerce, and has over 31 years of experience in auditing, taxation and financial consultancy. He is the founder and sole proprietor of M/s Joshi & Joshi and is not related to any director on the board.

Other points

Bipin C. Shah has attained the age of 70 years, and Narendra C. Shah and Rajnikant C. Shah will attain 70 years during their terms, which is why shareholder approval was sought for their continuation. All the directors have affirmed they are not debarred from holding office by any SEBI or other order.

What it means for investors

This is a continuity-focused board outcome: the long-serving executive team stays in place for another five-year term, while an independent director with an audit and taxation background joins the board.

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