Blue Dart MD Balfour Manuel to retire; R.S. Subramanian named new MD

Ceo ResignedCeo Appointed ExternalManagement Changes View source PDF Explain this filing

BLUEDART · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+0.0%1-day move

₹4810.80

prior close

₹4808.50

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.0-0.1-0.5-1.3+0.0-0.0-0.3———————

Up moveDown movePending

AI summary

Blue Dart's Managing Director Mr. Balfour Manuel will take early superannuation effective Nov 29, 2026 for personal reasons and to enable smooth succession. The 6-month notice period has been waived. He will stay on as Senior Strategic Advisor till May 15, 2027. The Board has appointed Mr. R.S. Subramanian, currently MD of DHL Express India and a Non-Executive Director on Blue Dart's board since 2019, as the new MD from Nov 30, 2026 to May 25, 2030, subject to shareholder approval.

Likely market impact

Orderly leadership transition. New MD brings 30 plus years experience from DHL Express India and Hindustan Unilever. Subject to shareholder approval.