Snowman Logistics Limited has informed the Exchange regarding Resignation of Mr Balakrishna N as Chief Financial Officer of the company w.e.f. August 25, 2025.
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Snowman Logistics has announced that Mr. Balakrishna N has resigned as Chief Financial Officer and Key Managerial Personnel with immediate effect from August 25, 2025, citing personal reasons (shifting back to his family in Bangalore). He will remain with the company through September 5, 2025, to complete his notice period. The Board has simultaneously appointed Mr. Raghav Garg as the new CFO and KMP, effective the same day. Mr. Garg is a qualified Chartered Accountant with over 19 years of finance leadership experience across textiles, packaging, FMCG, and recycling, and has previously served as CFO at IDVB Recycling, Pearl Global Industries, Trident Limited, and Umang Dairies.
The CFO transition appears orderly, with a same-day replacement ensuring continuity in financial leadership. There is no governance red flag — the outgoing CFO left for family reasons and the incoming CFO brings strong, relevant finance experience. Shareholders should monitor the new CFO's early disclosures and quarterly results for signs of any change in financial strategy, but near-term disruption looks unlikely.