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Asgard Alcobev Ltd's Board, at its meeting on March 21, 2026, approved the appointment of Shri Rohit Jain as Chairman Emeritus & Strategic Advisor to the Board for a five-year term. Shri Jain is a seasoned entrepreneur with diversified experience across breweries, distilleries, cement, steel, and allied industries, and was instrumental in founding CMJ Breweries Private Limited in 2007. The role is purely advisory in nature and he is not being appointed as a Director on the Board. The company, which recently pivoted from paper industries to the alcobev (alcoholic beverages) segment, appears to be bringing in domain expertise to support its new business direction.
This is a non-executive, advisory appointment with no direct impact on financials or shareholding structure, but it signals the company's strategic intent to leverage senior industry expertise in the brewery/distillery space as it builds out its new alcobev business vertical.