Allied Blenders and Distillers Limited has informed the Exchange regarding Outcome of Board Meeting held on September 26, 2025.
ABDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Allied Blenders and Distillers Limited (ABDL), makers of Officer’s Choice whisky, announced two key decisions from its Board meeting held on September 26, 2025. First, the company has appointed Mr. Jayantt Bhalchandra Manmadkar as the new Chief Financial Officer effective October 10, 2025. He is a qualified Chartered Accountant, Cost Accountant, and Company Secretary with over 32 years of experience across finance, strategy, M&A, and treasury roles at companies including Seagram India, Brigade Enterprises, Mahindra Lifespace, Wockhardt, and Reliance Retail. The outgoing CFO, Mr. Anil Somani, will step down from close of business hours on October 9, 2025, but will continue to work with ABDL on special projects, ensuring a smooth transition. Second, the Board approved a Postal Ballot to seek shareholder approval for revising the remuneration of Managing Director Mr. Alok Gupta and Executive Director Mr. Arun Barik. The Postal Ballot notice and related documents will be sent to shareholders separately.
The CFO change is broadly neutral for shareholders — the new appointee brings deep and relevant experience, including prior stint at Seagram India which is directly relevant to ABDL’s liquor business. The planned remuneration revision for top executives requires shareholder approval via Postal Ballot, which may draw some attention but is a routine governance matter. No material change to business outlook is indicated.