Mumbai: Blue Dart Express has announced the resignation of its Chairman and Independent Director, Prakash Apte, citing health concerns, leading to a reshuffle across several key board committees.
The company informed stock exchanges that Apte stepped down in accordance with Regulation 30 of the Securities and Exchange Board of India’s listing obligations and disclosure requirements. It clarified that there were no additional reasons for his resignation beyond those stated.
Apte submitted his resignation via email on April 12, 2026, with the decision coming into effect after the conclusion of the board meeting held on April 13. In his communication, he requested to be relieved of his responsibilities and sought leave from upcoming board and committee meetings.
Explaining his decision, Apte noted that although he is currently in recovery, his immediate priority is his health, making it difficult for him to continue in his present role.
His departure leaves multiple vacancies within the company’s governance framework. Apart from relinquishing the chairmanship, Apte has stepped down as chairman and member of the audit committee. He also exits as a member of several other key panels, including the nomination and remuneration committee, risk management committee, corporate social responsibility committee, and stakeholder relationship committee.
The development places focus on succession planning at Blue Dart, as the company is yet to announce a replacement for the outgoing chairman or reconstitute the affected committees.
The board of directors acknowledged Apte’s contributions during his tenure and formally recorded its appreciation.
Despite his exit from Blue Dart, Apte continues to serve on the boards of other listed entities, including Fine Organics Industries Ltd. and GMM Pfaudler Ltd., where he holds various positions.
