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.

Snowman Logistics Limited has announced that India Ratings and Research Private Limited has affirmed the company's credit rating for its bank loan facilities. The rating affirmation was communicated through an official letter dated March 10, 2026, and disclosed to the stock exchanges on March 11, 2026, in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Credit Rating Details

India Ratings has maintained the credit rating for Snowman Logistics' bank loan facilities with specific parameters:

The rating affirmation covers the company's bank loan facilities, which have been reduced from INR 2,025 million to INR 1,665 million. Despite the reduction in facility size, the rating agency has maintained the same credit rating with a stable outlook.

Facility Breakdown

The bank loan facilities are distributed across different instruments with Axis Bank Limited:

Regulatory Compliance

The disclosure was made by Company Secretary and Compliance Officer Sohan Singh Dhakad, ensuring compliance with stock exchange requirements. The communication was addressed to both the National Stock Exchange of India Limited and BSE Limited, maintaining transparency with all stakeholders.

Rating Agency Communication

India Ratings' letter, signed by Senior Director Abhishek Bhattacharya, outlined the rating methodology and the factors considered in the affirmation process. The rating agency emphasized that the ratings are based on established criteria and methodologies that are continuously evaluated and updated to reflect current market conditions and company performance.