Resignation of Chairman and Managing Director of the company
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Chambal Breweries & Distilleries Ltd has announced a complete overhaul of its board effective January 18, 2026, driven by a change in management through a takeover. Mr. Parasram Jhamnani stepped down as Chairman and Managing Director, Mrs. Amrita Modi resigned as Director, and both Independent Directors — Mr. Rinku Goyal and Mr. Anmol Jindal — also quit the board on the same day. None of the outgoing directors cited any material reason other than the takeover-driven management change. To fill the gap, Mr. Gaurav Sharma (DIN: 07929731), a seasoned HR professional with over 22 years of experience, has been appointed as an Additional Independent Director. All outgoing directors held NIL shareholding in the company.
This is a significant governance event signalling that a takeover of the company has been completed or is being formalised, with a new management likely taking control. Shareholders should watch for further disclosures on the identity of the acquirer and the new management's strategic plans, as such transitions can materially affect stock price and business direction.