CFO Jayant Manmadkar moves to Group Finance Director role; Ramaswamy returns as CFO

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 realigned its finance leadership. Jayant Manmadkar steps down as CFO on Feb 1, 2026 to take the new role of Group Finance Director, focused on capital investments, digital transformation, and mergers and acquisitions. Former CFO Ramakrishnan Ramaswamy, who led ABD's 2024 IPO, returns as CFO from Feb 2, 2026. The move supports ABD's luxury entry via new division ABD Maestro and its capacity expansion plans.

Likely market impact

Smooth internal leadership swap with no outside hire; signals focus on luxury growth, acquisitions, and capital expansion rather than any concern.