Allied Blenders and Distillers Limited has informed the Exchange regarding Appointment of Mr Jayantt Bhalchandra Manmadkar as Chief Financial Officer of the company w.e.f. October 10, 2025.
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Allied Blenders and Distillers (ABDL) has approved the appointment of Mr. Jayantt Bhalchandra Manmadkar as the new Chief Financial Officer with effect from October 10, 2025. The outgoing CFO, Mr. Anil Somani, will relinquish his CFO and KMP roles at the close of business on October 9, 2025, though he will continue to serve the company on special projects. Mr. Manmadkar is a qualified CA, ICWA, and CS with over 32 years of experience across finance, strategy, M&A, treasury, and corporate governance, having held senior roles at Seagram India, Brigade Enterprises, Mahindra Lifespace, Wockhardt, Reliance Retail, and others. Separately, the board has cleared a postal ballot to seek shareholder approval for revising the remuneration of Managing Director Mr. Alok Gupta and Executive Director Mr. Arun Barik.
An orderly CFO transition with the outgoing CFO retained for special projects suggests leadership continuity and minimal disruption. The new CFO's strong credentials from large listed companies could be viewed positively by the market, while the postal ballot on executive pay revision is a routine governance item requiring shareholder consent.