Disclosure under Regulation 30 of SEBI LODR, 2015
Awaiting price reaction for this filing.
Allied Blenders and Distillers (ABDL) has appointed Mr. Arvind Mohta as its new Marketing Director and Senior Management Personnel effective May 14, 2025. Mr. Mohta brings over 19 years of experience across United Spirits, Pernod Ricard, Johnson & Johnson, and Diageo, including work on mass brand launches and reserve portfolio marketing. In a related change, the outgoing Marketing Director Mr. Arvind Hangal resigned effective May 13, 2025, to take up a senior sales and marketing role at ABD Maestro Private Limited, a subsidiary. The Board also cleared a Postal Ballot seeking shareholder approval for three items: extending ESOS 2024 stock options to employees of subsidiary companies, re-appointing Vice Chairperson Mrs. Resham Chhabria J Hemdev for 3 years from April 1, 2025, and re-appointing Executive Director Mr. Arun Barik for 3 years from August 9, 2025.
This is primarily a management restructuring with no direct financial impact, but signals a strengthening of marketing leadership with an industry veteran and an internal reshuffle within the ABD group. The Postal Ballot items are routine governance matters and not expected to materially affect the stock.