Snowman Logistics appoints two independent directors

Snowman Logistics Limited has secured shareholder approval to appoint two new Non-Executive Independent Directors, Mr. Raghav Chandra and Ms. Sriparna Ganguly Chaudhuri, following the conclusion of its postal ballot on June 13, 2026. The appointments were approved through special resolutions, with the voting results showing strong backing from the shareholder base.

The postal ballot process, conducted via remote e-voting, sought approval for the two special resolutions. The e-voting period commenced on May 15, 2026, and concluded on June 13, 2026. A total of 1,01,315 shareholders were on record as of the cut-off date of May 8, 2026. The scrutinizer for the process was CS Nagendra D. Rao of M/s. Nagendra D Rao LLP and Associates.

Voting Results

Both resolutions received the requisite majority required for passage. The detailed voting patterns for the resolutions are outlined below:

Resolution	Votes For	Votes Against	% For	% Against
Appointment of Mr. Raghav Chandra	94,657,989	30,617	99.97%	0.03%
Appointment of Ms. Sriparna Ganguly Chaudhuri	94,656,877	31,729	99.97%	0.03%

Resolution Details

The first resolution sought approval for the appointment of Mr. Raghav Chandra (DIN: 00057760). A total of 167 members voted in favour, representing 94,657,989 votes, while 27 members voted against, representing 30,617 votes. Additionally, 3 members abstained from voting, representing 360 votes.

The second resolution concerned the appointment of Ms. Sriparna Ganguly Chaudhuri (DIN: 03275993). This resolution saw 165 members vote in favour with 94,656,877 votes, and 29 members vote against with 31,729 votes. Similar to the first resolution, 3 members abstained, representing 360 votes. The company confirmed that the special resolutions have been passed with the requisite majority.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.58%	+7.15%	+2.25%	-5.21%	-36.80%	-29.64%

Snowman Logistics Limited has submitted copies of newspaper publications for its postal ballot notice to the National Stock Exchange and BSE. The notice, published in Business Standard and Sakal on May 15, 2026, seeks member approval through remote e-voting for the appointment of two Non-Executive Independent Directors as well as the reappointment of two Executive Directors.

The appointments of new Independent Directors are necessitated by the completion of the second consecutive five-year term of Mr. Arun Kumar Gupta and Mr. Bhaskar Avula Reddy on April 26, 2026. The Board approved the appointment of Mr. Raghav Chandra and Ms. Sriparna Ganguly Chaudhuri as Additional Directors designated as Non-Executive Independent Directors, subject to shareholder ratification via special resolutions. In addition, the Board has also proposed the reappointment of Mr. Sharad Gangadhar and Ms. Shalini Ganguly as Executive Directors, each for a term up to April 19, 2029, subject to shareholder approval.

Proposed Appointments and Reappointments

The key details of all proposed director resolutions are summarised below:

Parameter:	Details
Director 1 (New Appointment):	Mr. Raghav Chandra (DIN: 00057760)
Director 2 (New Appointment):	Ms. Sriparna Ganguly Chaudhuri (DIN: 03275993)
Appointment Effective From:	April 20, 2026
Term Ends:	April 19, 2031
Tenure:	5 (five) consecutive years
Nature of Appointment:	Non-Executive Independent Director
Liability to Retire by Rotation:	Not liable
Remuneration:	Sitting fees and reimbursement of expenses
Director 3 (Reappointment):	Mr. Sharad Gangadhar (DIN: 00055750)
Director 4 (Reappointment):	Ms. Shalini Ganguly (DIN: 03399913)
Reappointment Effective From:	April 30, 2026
Reappointment Term Ends:	April 19, 2029
Nature of Reappointment:	Executive Director

E-Voting Schedule and Process

The Company has engaged MUFG Intime India Private Limited (formerly Link Intime India Private Limited) to facilitate the e-voting process for the Independent Director appointments. For the Executive Director reappointments, the Company has appointed National Securities Depository Limited (NSDL) as the e-voting agency. The notice was sent electronically to members whose names appear on the Register of Members as on the cut-off date of May 8, 2026.

E-Voting Parameter:	Details
Cut-off Date:	Friday, May 8, 2026
E-Voting Start:	Friday, May 15, 2026 at 9:00 AM IST
E-Voting End:	Saturday, June 13, 2026 at 5:00 PM IST
E-Voting Agency (Independent Directors):	MUFG Intime India Private Limited
E-Voting Agency (Executive Directors):	National Securities Depository Limited (NSDL)
Scrutinizer (Independent Directors):	M/s. Nagendra D Rao & Associates LLP
Scrutinizer (Executive Directors):	Mr. N. V. S. P. Rao (FCS 327, CP No. 1220), M/s. N. V. S. P. Rao & Associates
Result Declaration:	On or before June 15, 2026 (Independent Directors); On or before June 16, 2026 (Executive Directors)

The Board appointed M/s. Nagendra D Rao & Associates LLP as the Scrutinizer for the postal ballot process relating to Independent Director appointments. For the Executive Director reappointments, Mr. N. V. S. P. Rao, and in his absence Mr. Shakti Shah or Mr. Mitesh Dabi of M/s. N. V. S. P. Rao & Associates, has been appointed as Scrutinizer. The voting results for both sets of resolutions will be declared by their respective deadlines and displayed on the Company's website and stock exchanges.