Blue Dart Express Limited announced leadership changes following board meetings on September 15, 2026. Managing Director Mr. Balfour Manuel will take early superannuation effective November 29, 2026, transitioning to a Senior Strategic Advisor role until May 2027. Concurrently, Mr. R.S. Subramanian has been appointed as the new Managing Director for a term from November 30, 2026, to May 25, 2030, subject to shareholder approval.
Leadership Transition at Blue Dart Express
Blue Dart Express Limited has announced significant leadership changes following concurrent meetings of its Nomination & Remuneration Committee, Audit Committee, and the Board of Directors held on Tuesday, September 15, 2026. These changes involve the early superannuation of the current Managing Director and the appointment of a new leader to the helm.
Managing Director’s Early Superannuation
The board noted and approved the request from Mr. Balfour Manuel (DIN: 08416666), the current Managing Director, for early superannuation. This transition is set to be effective from the close of business hours on November 29, 2026. The decision aims to facilitate a smooth and seamless succession process and is also attributed to certain personal commitments. Mr. Manuel’s notice period has been waived. Post-superannuation, he will serve as a Sr. Strategic Advisor to the Managing Director until May 15, 2027.
New Managing Director Appointed
Following the recommendation of the Nomination and Remuneration Committee, the Board has approved the appointment of Mr. R.S. Subramanian (DIN: 02946608) as the new Managing Director. His tenure will commence on November 30, 2026, and extend until May 25, 2030. This appointment is contingent upon receiving the necessary approval from the Company’s Shareholders and other applicable statutory approvals.
Board Meeting Details
The Board Meeting commenced at 5:30 PM IST and concluded at 6:50 PM IST on September 15, 2026. The company has provided detailed information regarding these events as per regulatory requirements.
Source: BSE
