ABD CFO change: Manmadkar moves to Group Finance Director, Ramaswamy returns

CFO resignedManagement Changes View source PDF Explain this filing

ABDL · price

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Price reactionminutes from the announcement price · days from the prior close

+8.9%Reaction day

₹454.80

prior close

₹450.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.9%+8.0% vs market

Breweries & Distilleries peers, median of 24sector+1.7%+7.2% vs sector

On the reaction day the stock moved 8.0 pts more than Nifty Smallcap 250 and 7.2 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.1

10m

-1.1

15m

-1.0

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+8.9+0.9+8.0+1.7+7.2

Next day

+9.7-0.8+10.5+0.2+9.5

+12.0+2.1+9.9+2.6+9.3

+12.1+2.9+9.2+4.6+7.5

+13.2+1.8+11.4+3.7+9.6

+12.3+1.5+10.8+3.4+8.8

+12.4+4.6+7.8+4.1+8.4

15d

+10.9+2.1+8.8+3.4+7.5

+2.9-0.3+3.2-3.8+6.7

-12.7-8.6-4.1-10.2-2.6

+17.3+7.0+10.3+2.2+15.1

UpDownMarket · Nifty Smallcap 250Sector · Breweries & Distilleries peers, median of 24Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ABD is changing its CFO. Jayant Manmadkar steps down as CFO from Feb 1, 2026, to take a newly created role of Group Finance Director, leading capital investments, digital transformation, and M&A in India and overseas. Ramakrishnan Ramaswamy, former CFO of ABD from 2010 to 2024 who led the July 2024 IPO, returns as CFO from Feb 2, 2026. The realignment is aimed at supporting growth, entry into the luxury segment via new division ABD Maestro, and value accretive capacity expansion and backward integration.

Likely market impact

Smooth internal CFO transition; experienced Ramaswamy returns to helm. Signals focus on luxury expansion, M&A, and capacity growth ahead.