Snowman Logistics Limited has informed the Exchange regarding Notice of Postal Ballot
SNOWMAN · price
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Snowman Logistics Limited is seeking shareholder approval via postal ballot for appointment of two Non-Executive Independent Directors. Mr. Raghav Chandra (former IAS officer and ex-Chairman of NHAI) and Ms. Sriparna Ganguly Chaudhuri (with 30+ years in corporate and social impact sectors) are proposed for appointment for 5-year terms from April 20, 2026 to April 19, 2031. The appointments are required as two existing independent directors were completing their second consecutive term on April 26, 2026, and the company needs to maintain adequate board composition under SEBI Listing Regulations. The e-voting period runs from May 15, 2026 to June 13, 2026, with the cut-off date for eligible voters being May 8, 2026.
This is a routine board composition update ensuring regulatory compliance with SEBI LODR requirements for independent directors. The new appointments bring experienced professionals with backgrounds in infrastructure, government, and social development, which could strengthen corporate governance. No direct financial impact on shareholders expected.