Announced Mon, 17 Nov · 18:24 IST

Appointment Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015

Management Changes View source PDF

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AI summary

At a board meeting on November 17, 2025, Chambal Breweries & Distilleries approved a major restructuring of its leadership. Mrs. Meenal Shrirang Patwardhan, currently an Additional Executive Director, will be elevated to Managing Director and Chairman for a 5-year term effective December 12, 2025. Mr. Trevor Valentine Dsouza has been appointed Whole-time Director for 5 years from the same date. Additionally, Mrs. Neha Shukla and Mr. Jay Kumar Shaw have been appointed as Independent Directors for 5-year terms from December 12, 2025. Effective immediately on November 17, 2025, Mr. Nitish Neniwal has been named Company Secretary and Compliance Officer, and Mr. Chirag B Kotecha has been appointed Chief Financial Officer. All appointments are subject to shareholder approval, and none of the appointees have been debarred by SEBI or any other authority.

Likely market impact

This is a near-complete overhaul of the company's top leadership — new Chairman/MD, Whole-time Director, two Independent Directors, CFO and Company Secretary. For shareholders, it signals a fresh management team being put in place, which could mean a strategic reset, though the full implications will depend on the backgrounds and track records of the new appointees once shareholders approve the appointments.