SNOWMANNSESnowman Logistics Limited· Transport ServicesHighNeutral
Announced Mon, 25 Aug, 2025 · 15:15 IST

Snowman Logistics Limited has informed the Exchange regarding Appointment of Mr Raghav Garg as Chief Financial Officer of the company w.e.f. August 25, 2025.

Cfo ResignedKmp ResignedManagement Changes View source PDFExplain this filing

SNOWMAN · 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
-1.4%Reaction day
₹54.15
prior close
₹53.31
announcement price
In-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-1.2% vs market
Logistics Solution Provider peers, median of 38sector+0.2%-1.6% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.6 pts less than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close
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Reaction day
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Next day
-3.3-1.9-1.4-1.9-1.4
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-6.5-2.5-4.0-2.4-4.1
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+0.5-0.6+1.1-1.8+2.4
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-0.6-0.3-0.4-2.2+1.6
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+6.4+1.9+4.5-0.7+7.1
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-5.9+0.5-6.4-3.5-2.4
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UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 38Pending

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

AI summary

Snowman Logistics has appointed Mr. Raghav Garg as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) with immediate effect from August 25, 2025. Mr. Garg is a qualified Chartered Accountant with over 19 years of experience across textiles, packaging, FMCG, and recycling sectors, and has previously served as CFO at companies like Trident Limited, Pearl Global Industries, Umang Dairies, and IDVB Recycling. He takes over from Mr. Balakrishna N, who has resigned as CFO and KMP citing personal reasons (relocating back to family in Bangalore). Mr. Balakrishna will remain with the company through his notice period until September 5, 2025.

Likely market impact

The CFO transition is routine and well-managed, with the outgoing CFO staying through the notice period to ensure continuity. Mr. Garg brings strong finance leadership experience from listed companies, which should be viewed neutrally to positively by investors.