Snowman Logistics Limited has informed the Exchange regarding Cessation of Mr Bhaskar Avula Reddy as Non- Executive Independent Director of the company w.e.f. April 26, 2026.
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Snowman Logistics Limited's Board meeting on April 20, 2026 resulted in multiple leadership changes. Two Non-Executive Independent Directors—Mr. Arun Kumar Gupta and Mr. Bhaskar Avula Reddy—will cease their positions effective April 26, 2026, upon completion of their second consecutive 5-year term. To fill the gaps, the Board appointed Mr. Raghav Chandra (former IAS officer and ex-Chairman of NHAI) and Ms. Sriparna Ganguly Chaudhuri (former CEO of Rangsutra Crafts and senior CSR professional) as Additional Directors designated as Non-Executive Independent Directors, effective April 20, 2026, subject to shareholder approval. Additionally, Company Secretary and Compliance Officer Mr. Sohan Singh Dhakad resigned effective April 30, 2026, to pursue an external opportunity, and Ms. Richa Gupta (with experience at ITC, Manyavar, and TV Today Network) has been appointed to replace him from May 1, 2026. The Board also updated its authorized KMP list for SEBI LODR materiality determinations.
Two independent directors leaving simultaneously after completing their tenures is routine but reduces board independence temporarily until shareholder approval of new appointments. The Company Secretary's resignation creates a compliance transition risk, though a qualified replacement is being installed promptly.