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

CEO resignedExternal CEO appointedManagement Changes View source PDF Explain this filing

BLUEDART · price

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

Price reactionminutes from the announcement price · days from the prior close

+0.9%Reaction day

₹4810.80

prior close

₹4808.50

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.2%+1.1% vs market

Logistics Solution Provider peers, median of 44sector+0.0%+0.9% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Smallcap 250 and 0.9 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.0

10m

-0.1

15m

-0.5

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.9-0.2+1.1+0.0+0.9

Next day

+0.0+0.7-0.6+0.4-0.4

-0.0+2.2-2.2-0.3+0.2

-0.3+2.2-2.4-0.1-0.1

-0.6+2.1-2.7-0.3-0.3

-0.2+2.9-3.1+0.4-0.7

-1.7+1.5-3.2+0.6-2.2

15d

-5.2-2.3-3.0-4.4-0.9

-8.3-1.4-6.9-3.0-5.3

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UpDownMarket · Nifty Smallcap 250Sector · Logistics Solution Provider peers, median of 44Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.