SNOWMANNSESnowman Logistics LimitedMediumNeutral
Announced Mon, 20 Apr · 23:15 IST

Snowman Logistics Limited has informed the Exchange regarding Appointment of Mr Raghav Chandra as Non- Executive Independent Director of the company w.e.f. April 20, 2026.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+1.9%1-day move
₹41.90
prior close
₹42.20
base price
After-mkt
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AI summary

Snowman Logistics Limited's Board meeting on April 20, 2026 approved multiple changes. Two new Non-Executive Independent Directors were appointed: Mr. Raghav Chandra (former IAS officer and ex-Chairman of NHAI) and Ms. Sriparna Ganguly Chaudhuri (with 30+ years experience in CSR and social impact), both for a 5-year term subject to shareholder approval. Two existing Independent Directors - Mr. Arun Kumar Gupta and Mr. Bhaskar Avula Reddy - are ceasing to hold office due to completion of their second consecutive 5-year term effective April 26, 2026. The Company Secretary and Compliance Officer, Mr. Sohan Singh Dhakad, resigned effective April 30, 2026 to pursue an external opportunity. Ms. Richa Gupta has been appointed as the new Company Secretary and Compliance Officer effective May 1, 2026. A postal ballot will be issued for shareholder approval on the new director appointments.

Likely market impact

The board changes appear routine as they involve replacement of independent directors completing their tenure. The resignation of the Company Secretary is notable but the immediate replacement with a qualified professional limits disruption. No material impact on operations expected.