Management Change15 Sept 2026, 07:30 pm
Blue Dart MD Balfour Manuel Resigns; R.S. Subramanian Appointed
AI Summary
Blue Dart Express Ltd announced significant management changes following board meetings on September 15, 2026. Managing Director Mr. Balfour Manuel requested early superannuation effective November 29, 2026, citing succession planning and personal commitments. The Nomination & Remuneration Committee and the Board approved waiving his notice period, and he will serve as a Sr. Strategic Advisor until May 15, 2027. Concurrently, the Board approved the appointment of Mr. R.S. Subramanian as the new Managing Director, effective November 30, 2026, until May 25, 2030, subject to shareholder and statutory approvals. Mr. Subramanian brings extensive experience from DHL Express India.
Key Highlights
- Managing Director Balfour Manuel to retire early 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 subject to shareholder and statutory approvals.
Price Impact
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