Blue Dart MD Balfour Manuel to step down, R.S. Subramanian named successor

CEO resignedManagement 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 Managing Director Balfour Manuel will take early superannuation effective November 29, 2026, citing personal commitments. The board waived his 6-month notice period. He will serve as Senior Strategic Advisor until May 15, 2027. R.S. Subramanian, currently MD of DHL Express India and a Blue Dart non-executive director since 2019, will take over as MD from November 30, 2026 to May 25, 2030, subject to shareholder approval.

Likely market impact

Planned leadership change with smooth succession from within DHL group, likely seen as positive for stability and continuity.