Relinquishment of Mr. Ritesh Shah (ICSI Membership No. A14037), Company Secretary of the Company with effect from close of business hours of June 10, 2025, and his consequent cessation as the Compliance Officer of the Company under Listing Regulations and also as the Key Managerial Personnel of the Company. Notwithstanding the above, Mr. Ritesh Shah will continue to serve the Company in his existing capacity as the Chief Legal Officer and will remain a be part of Senior Management Personnel of the Company.
ABDL · price
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Allied Blenders and Distillers Limited (ABDL) has announced a change in its Key Managerial Personnel. Mr. Ritesh Shah has stepped down as Company Secretary and Compliance Officer with effect from the close of business hours on June 10, 2025, and has ceased to be a KMP. He will, however, continue in his existing role as Chief Legal Officer and remain part of the Senior Management Personnel. Mr. Sumeet Maheshwari, a qualified Company Secretary with over 24 years of experience across manufacturing, NBFC, and automobile sectors, has been appointed as the new Company Secretary, Compliance Officer, and KMP effective June 11, 2025. The change was approved by the Board based on the recommendation of the Nomination and Remuneration Committee.
This is a routine internal governance change with no negative implication for shareholders – Mr. Shah remains with the company in a senior legal role, and a suitably experienced replacement has been appointed seamlessly from the next day. The stock price is unlikely to be materially affected by this transition.