Why did Harsh Gandhi resign?

He cited personal reasons and other professional commitments; no further details were provided.

Did he leave any other positions?

Yes, he also resigned as director of the wholly owned subsidiary Chartered Comcare IFSC Limited.

Was a successor named?

Not yet. The company has not announced a replacement.

How material is this for the company?

It is a routine resignation, but given the nano-cap's ongoing losses, continuity of leadership is critical.

Does this indicate deeper governance issues?

Not necessarily; the resignation itself is routine. However, the lack of a successor plan warrants attention alongside the company's financial recovery efforts.

Logistics · Micro cap

Chartered Logistics loses a whole-time director, no successor named

Harsh Gandhi quits effective June 25, citing personal reasons. The nano-cap, already loss-making this year, now has an open seat on its board.

— 2 earlier stories on Chartered Logistics Ltd. →

CHLOGIST By Tipsheet Editorial 20 Jun 2026 · 4:37 PM IST Verify on BSE · NSE

Mkt cap₹80.23 cr

ROE1.92%

Debt / eq.0.33

1 Whole Time Director resigned

What's new

Harsh Gandhi resigned as Whole Time Director, effective June 25, 2026.
He also stepped down from the board of subsidiary Chartered Comcare IFSC.
No replacement has been announced yet.

Why this matters

For a company already reporting a full-year net loss of ₹226.53 lakh and a market cap of ₹77 cr, every board seat matters. The absence of a succession plan adds uncertainty to the already strained management bandwidth.

What we're watching

Whether the company names a successor quickly.
Any additional board changes, especially given the weak financial performance.
Impact on subsidiary Chartered Comcare IFSC's operations.

The full read

Harsh Gandhi, the whole-time director of Chartered Logistics, has resigned effective end of June, citing personal reasons. He is also leaving the board of the company's IFSC subsidiary. For a nano-cap with a market cap of just ₹77 cr and a trailing net loss of ₹226.53 lakh in FY26, every board member matters. The company has not named a successor. That is the open question. Routine departures happen, but when the company is already in loss and has a tiny market cap, silence on succession adds a layer of uncertainty. The stock may not react, as the resignation itself carries no controversy, but the governance gap is real. The open question is how quickly the company fills the seat and whether there are any further changes at the top.

Questions answered

Why did Harsh Gandhi resign?: He cited personal reasons and other professional commitments; no further details were provided.
When is his resignation effective?: June 25, 2026.
Did he leave any other positions?: Yes, he also resigned as director of the wholly owned subsidiary Chartered Comcare IFSC Limited.
Was a successor named?: Not yet. The company has not announced a replacement.
How material is this for the company?: It is a routine resignation, but given the nano-cap's ongoing losses, continuity of leadership is critical.
Does this indicate deeper governance issues?: Not necessarily; the resignation itself is routine. However, the lack of a successor plan warrants attention alongside the company's financial recovery efforts.

Mentioned: Harsh Gandhi · Chartered Logistics · Chartered Comcare IFSC Limited

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Chartered Logistics Ltd.

Logistics

₹80 cr

Latest quarter · Mar 2026

Sales₹18 cr

Net profit−₹4 cr

Op. margin+3.2%

EPS−₹0.29

Strength & growth

Debt / equity0.33×

Current ratio2.31×

Sales CAGR−8.0%

EPS CAGR−29.1%

Story so far

All notes on CHLOGIST →

20 Jun 2026 · 4:37 PM IST Chartered Logistics loses a whole-time director, no successor named
45d ago Chartered Logistics flips to a full-year net loss
45d ago Chartered Logistics slides into a ₹226.53 lakh loss for FY26