Management Change15 Sept 2026, 07:40 pm
Blue Dart MD Balfour Manuel Resigns; R.S. Subramanian Appointed
AI Summary
Blue Dart Express Ltd announced significant management changes following board meetings. Managing Director Mr. Balfour Manuel has requested early superannuation effective November 29, 2026, citing personal commitments and to ensure a smooth succession. The Nomination & Remuneration Committee and the Board have approved waiving his notice period, and he will serve as a Sr. Strategic Advisor until May 15, 2027. Concurrently, Mr. R.S. Subramanian has been appointed as the new Managing Director, effective November 30, 2026, until May 25, 2030, subject to shareholder and statutory approvals. Mr. Subramanian brings over 30 years of experience from DHL Express India.
Key Highlights
- Managing Director Balfour Manuel to superannuate on Nov 29, 2026.
- Manuel to transition to Sr. Strategic Advisor role until May 15, 2027.
- R.S. Subramanian appointed as new Managing Director from Nov 30, 2026.
- Subramanian's tenure as MD is from Nov 30, 2026, to May 25, 2030.
- Appointment of Subramanian is subject to shareholder approval.
Price Impact
More from BLUEDART