Shaw resigned from the post due to personal reasons. He will also cease to be the key managerial personnel of the company.

“The company is in the process of appointing a new chief financial officer and the same will be communicated to the stock exchanges in due course,” the firm stated.

Gateway Distriparks (GDL) is a leading multimodal integrated logistics company in India. It has a network of five container freight stations (CFSs) and four rail-linked inland container depots (ICDs). It is also the promoter of Snowman Logistics, India's leading temperature-controlled logistics company.

The company's consolidated net profit rose 9.3% to Rs 62.95 crore on 7.5% increase in net sales to Rs 369.69 crore in Q1 FY24 over Q1 FY23.