Gateway Distriparks Limited’s Board of Directors has approved the re-appointment of Mr. Samvid Gupta (DIN: 05320765) as Joint Managing Director for a further term of five years, commencing February 07, 2027. This decision, subject to shareholder approval, follows a recommendation from the Nomination and Remuneration Committee. The board also considered and approved the unaudited financial results for the quarter ended September 30, 2026.
Key Leadership Extension
The Board of Directors of Gateway Distriparks Limited convened today, Wednesday, October 28, 2026, and passed several key resolutions. Among the most significant was the approval for the re-appointment of Mr. Samvid Gupta, whose DIN is 05320765, as the Joint Managing Director of the Company.
Extended Five-Year Term
This re-appointment is set for a considerable duration of five (5) years, commencing from February 07, 2027. The decision was made based on the recommendation of the Nomination and Remuneration Committee. The re-appointment is, however, subject to the requisite approval from the Company’s shareholders.
Financial Results Reviewed
In addition to leadership changes, the Board also considered and approved the unaudited financial results for the quarter ended September 30, 2026. A copy of these results, along with the Limited Review Report from the Statutory Auditors, S.R. Batliboi & Co. LLP, has been enclosed with this announcement. The financial results are slated for publication in newspapers and will be made available on the company’s website.
Postal Ballot Notice Approved
To facilitate the shareholder approval for Mr. Samvid Gupta’s re-appointment, the Board has also approved the issuance of a Postal Ballot Notice. This notice will be dispatched to shareholders in due course seeking their consent.
Source: BSE
