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

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.