ABD CFO change: Manmadkar to Group Finance Director, Ramki returns as CFO

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

ABDL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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 board approved a finance leadership realignment. Jayant Manmadkar relinquishes the CFO and KMP role from Feb 1, 2026 to take a new position as Group Finance Director focused on capital investments, mergers and acquisitions and strategic growth. Ramakrishnan Ramaswamy, former CFO of ABD from 2010 to 2024 with over 30 years of experience, returns as CFO effective Feb 2, 2026. The change supports ABD's luxury segment entry via new division ABD Maestro and its capacity expansion plans.

Likely market impact

Internal reshuffle with experienced Ramki returning as CFO and Manmadkar retained in a new strategic role. Read as leadership continuity plus a wider finance bench.