Snowman Logistics Limited announced comprehensive board and management restructuring following its board meeting held on April 20, 2026. The changes include appointment of new independent directors, cessation of existing directors, and key management personnel transitions to ensure continued compliance with regulatory requirements.

New Independent Director Appointments

The board approved the appointment of two distinguished professionals as Non-Executive Independent Directors. Both appointments are subject to shareholder approval through postal ballot.

Mr. Raghav Chandra brings extensive administrative experience as a retired Indian Administrative Service Officer of the 1982 batch. He holds B.Sc. (Hons.) and Master of Science degrees in Mathematics from St. Stephens College, Delhi University, and a Masters in Public Administration from Harvard University. His notable roles include Chairman of National Highway Authority of India and various senior positions in government ministries.

Ms. Sripurna Ganguly Chaudhuri holds B.A. (Hons.) in Mathematical Statistics from Lady Shri Ram College and a Post Graduate Diploma in Rural Management from IRMA. She brings over three decades of leadership experience across corporate and social development sectors, with expertise in brand management, CSR, and strategic philanthropy.

Director Cessations

Two existing Independent Directors will complete their tenure on April 26, 2026, following completion of their second consecutive five-year terms.

The board acknowledged the valuable guidance and contributions of both directors during their tenure with the company.

Key Management Personnel Changes

Significant changes were announced in the company's key management positions, ensuring continuity in corporate governance functions.

Ms. Richa Gupta is a qualified Company Secretary with B.Com (Hons) degree and CA IPCC qualification. She brings over eight years of post-qualification experience across reputed organizations including ITC Limited, Vedant Fashions Limited, TV Today Network Limited, E2E Networks Limited, and Protiviti Consulting Private Limited.

Authorized Personnel for Regulatory Compliance

The board revised the authorization of Key Managerial Personnel for determining materiality of events under Regulation 30(5) of Listing Regulations.

Meeting Details and Next Steps

The board meeting commenced at 5:45 P.M. IST and concluded at 6:19 P.M. IST on April 20, 2026. The company will circulate a Notice of Postal Ballot to shareholders seeking approval for the appointment of the new Independent Directors. All changes comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and related regulatory requirements.

Snowman Logistics Limited has officially announced the establishment of a new temperature-controlled warehouse facility in Patna through a formal press release filed under Regulation 30 of SEBI regulations. The facility, developed under the Built-to-Suit (BTS) model by the Nahar Group, is scheduled to be operational by January 2027.

Facility Specifications and Capabilities

The upcoming warehouse will feature advanced temperature-controlled infrastructure designed to handle diverse cold chain requirements. The facility's technical specifications demonstrate the company's commitment to expanding its cold storage capabilities in eastern India.

Target Market Segments

The new facility will cater to multiple industry segments requiring specialized temperature-controlled storage and logistics solutions:

• Seafood products requiring ultra-low temperature storage
• Ice cream and frozen desserts
• Quick Service Restaurant (QSR) supply chain operations
• Fresh fruits and vegetables
• Pharmaceutical products requiring cold chain compliance

Strategic Market Positioning

Chairman Prem Kishan Dass Gupta emphasized the strategic importance of the Bihar market, stating that the state represents an important market as the company continues to strengthen its presence in emerging consumption centers across eastern India. He highlighted Bihar's improving infrastructure, strong agricultural output, and growing demand for temperature-controlled supply chains as key factors offering significant opportunities for cold chain development.

The Patna facility will serve dual purposes - catering to Bihar's local market while acting as a key regional connectivity node, supporting efficient movement of temperature-sensitive products across neighboring markets.

Company's Expansion Trajectory

This strategic expansion reinforces Snowman Logistics' commitment to strengthening India's cold chain infrastructure across key consumption and production hubs. The company currently operates with an existing capacity of 160,230 pallets across 22 cities, including major markets such as Mumbai, Chennai, Bengaluru, Delhi, Kolkata, and Pune. The Patna facility marks another significant milestone in the company's growth trajectory, extending its reach into eastern India's emerging markets.