Sula Vineyards Limited has informed the Exchange about Update on re-appointment of Mr. Rajeev Samant as the Managing Director & Chief Executive Officer of the Company in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

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SULA · price

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Price reactionminutes from the announcement price · days from the prior close

-6.5%Reaction day

₹152.50

prior close

₹151.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-4.6%-1.9% vs market

Breweries & Distilleries peers, median of 24sector-2.7%-3.8% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 3.8 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

-6.5-4.6-1.9-2.7-3.8

Next day

-1.6-1.9+0.2-2.7+1.1

+0.1+0.5-0.4-0.0+0.1

-2.2-2.4+0.1-3.1+0.9

-8.7-5.2-3.5-5.5-3.2

+2.0-0.8+2.8-1.4+3.4

+3.6+0.9+2.7-0.0+3.7

15d

+14.7+13.0+1.7+9.1+5.6

+15.3+14.7+0.6+9.4+5.9

+4.9+18.6-13.7+6.1-1.2

+1.6+26.1-24.5+2.8-1.1

UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 24Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sula Vineyards has received Central Government approval for the re-appointment of Mr. Rajeev Samant as Managing Director & CEO for a three-year period from April 1, 2026 to March 31, 2029. The approval was required because Mr. Samant qualifies as a non-resident, making his re-appointment subject to Section 196 read with Schedule V of the Companies Act, 2013. The Board had earlier approved his re-appointment on November 10, 2025, and shareholders had approved it via Postal Ballot on December 12, 2025. With this final regulatory clearance now in hand, Mr. Samant's continuation as MD & CEO is confirmed for the next three-year term.

Likely market impact

This removes regulatory uncertainty around the leadership of the company, providing continuity at the top. For shareholders, it signals stability as the founder-CEO will continue to lead Sula Vineyards through its next growth phase.