Snowman Logistics Limited has informed the Exchange regarding 'Revision in authorization of Key Managerial Personnel under Regulation 30(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
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At a board meeting held on April 20, 2026, Snowman Logistics approved several key changes. Two new Non-Executive Independent Directors were appointed for 5-year terms: Mr. Raghav Chandra, a retired IAS officer (1982 batch) and former Chairman of NHAI with extensive experience in infrastructure and governance, and Ms. Sriparna Ganguly Chaudhuri, who brings over 30 years of leadership experience across corporate and social development sectors including stints at Tata Steel Foundation and The Hunger Project. Both appointments are subject to shareholder approval via a postal ballot. Two existing Independent Directors, Mr. Arun Kumar Gupta and Mr. Bhaskar Avula Reddy, will cease to hold office on April 26, 2026, upon completing their second consecutive 5-year terms. Additionally, Company Secretary Mr. Sohan Singh Dhakad resigned effective April 30, 2026, and Ms. Richa Gupta, a qualified Company Secretary with prior experience at ITC, Vedant Fashions, and TV Today Network, will take over from May 1, 2026. The board also revised the list of KMPs authorized under Regulation 30(5) for determining materiality of disclosures.
These are largely governance and administrative changes with no material impact on operations or financials. The board is being refreshed with two experienced independent directors while the company secretary transition appears orderly. Shareholders will receive a postal ballot to approve the new independent director appointments; the stock price is unlikely to be significantly affected.