Exim Routes Limited Approves Director Appointments, Audit Changes, and ESOP Scheme Modifications

Exim Routes Limited Approves Director Appointments, Audit Changes, and ESOP Scheme Modifications​

Exim Routes Limited conducted a Board Meeting on May 8, 2026, where the Board considered and approved several material corporate actions, including the appointment of a new Independent Director, changes in the company’s audit structure, and modifications to the ESOP scheme.

The Board approved the appointment of Mr. Shubham Khandelia (DIN: 10854834) as a Non-Executive Additional Independent Director. Mr. Khandelia, a qualified Chartered Accountant and Fellow Member of the ICAI, currently serves as a Partner at AK Salampuria & Associates. His expertise spans direct tax planning, corporate advisory, and financial consulting across sectors such as manufacturing, real estate, and healthcare. He was appointed effective May 8, 2026, and will hold office until the company's next Annual General Meeting.

In matters of governance, the Board noted the resignation of Mr. Mahendra Singh Tanwar as a Non-Executive Independent Director. Furthermore, the meeting considered and approved the increase in remuneration for Mr. Vivin Prasath Devaraj, subject to necessary approvals.

Audit and Committee Appointments​

The meeting ratified appointments for the Financial Year 2025-26. The Board approved M/s Value square Advisors Private Limited as the Internal Auditor and Shubham Sinha & Associates as the Secretarial Auditor.

The firm M/s Value square Advisors Private Limited, which specializes in Risk Advisory, Audit & Assurance, and Corporate Finance, was appointed as Internal Auditor. Details of their appointment are:


For secretarial oversight, M/s Shubham Sinha & Associates was appointed as the Secretarial Auditor.

Equity and Committee Approvals​

The Board also approved the modification and ratification of the Pre-IPO ESOP Scheme (Exim Routes ESOP Plan 2025). This included the approval of the ESOP Pool under clause 6.1 of the Exim Routes ESOP Plan 2025, and the grant of shares to employees of the subsidiary under the plan.

In governance updates, the Board approved the re-constitution of the Audit Committee and the Nomination and Remuneration Committee.

Audit Committee Composition


Nomination and Remuneration Committee Composition

Regulatory Update​

The National Stock Exchange of India identified a non-compliance concerning Regulation 33 of the SEBI (LODR) Regulations, 2015, leading the Exchange to impose a financial penalty. Although the company applied for a waiver of the penalty, the NSE rejected the request and upheld the penalty.

EXIMROUTES Stock Price Movement​

On Friday, Exim Routes Limited shares slipped 3.23% to close at ₹129.45, erasing ₹4.40 from their previous session's close. The stock finished the day trading on a volume of 28,800 shares, signaling selling pressure despite trading near its recent range.