Disclosure under Regulation 30 of SEBI LODR, 2015 for change in Marketing Director and Senior Management Personnel ("SMP")of the Company and Notice of Postal Ballot.
Awaiting price reaction for this filing.
Allied Blenders and Distillers (ABDL) has appointed Mr. Arvind Mohta as the new Marketing Director and Senior Management Personnel (SMP) effective May 14, 2025. Mr. Mohta brings over 19 years of sales and marketing experience from United Spirits, Pernod Ricard, Johnson & Johnson, and Mahindra & Mahindra Holidays. Mr. Arvind Hangal has resigned as Marketing Director and SMP effective May 13, 2025, to take up a senior role in ABD Maestro Private Limited, a subsidiary of the company. Additionally, the Board has approved a Postal Ballot notice seeking shareholder approval for granting ESOP 2024 stock options to subsidiary employees, and re-appointing Mrs. Resham Chhabria J Hemdev (Vice Chairperson) and Mr. Arun Barik (Executive Director) as Whole-time Directors for further 3-year terms.
The Marketing Director change is internal, with the outgoing executive moving to a subsidiary role, suggesting continuity of the ABD group's marketing strategy with no disruption to operations. The re-appointments of key Whole-time Directors and the ESOP plan for subsidiaries signal stability in leadership and alignment of employee incentives with group growth.