Allied Blenders and Distillers is facing an arbitration claim of ₹25,53,62,813 filed by Balaji Shivdas Pawar, a partner of its subsidiary Minakshi Agro Industries LLP. The claim, filed before Sole Arbitrator Smt. Sadhana Jadhav, former Judge of the Bombay High Court, includes an interest demand of 18% per annum from the date of filing until realization. This legal action poses a potential financial liability for the company, which has been named as a respondent in the proceedings.

The Statement of Claim was submitted on June 6, 2026, and received by the company the same day at 3:06 pm. The dispute arises from a Deed of Retirement cum Admission dated December 10, 2024, executed between Mr. Pawar, Minakshi Agro Industries LLP, the company, and another party. The disclosure was made to the exchanges on June 07, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Response

Allied Blenders and Distillers has rejected the assertions made in the claim. Management asserts that the demands are based on fundamental factual misstatements and the suppression of facts regarding the Deed. Consequently, the company and its subsidiary believe they possess a robust defence against the allegations.

To address the matter, the company and Minakshi Agro Industries LLP have engaged legal counsel. Their strategy involves filing a Statement of Defense to contest the claim and initiating a Counter Claim against Mr. Balaji Shivdas Pawar. The company stated it is taking requisite steps to safeguard its interests.

Arbitration Details

Allied Blenders and Distillers Limited has appointed Mr. Amar Sinha as Managing Director for a period of three years effective June 1, 2026, subject to shareholder approval. The appointment follows the resignation of Mr. Alok Gupta, who stepped down as Managing Director and Key Managerial Personnel (KMP) effective the close of business hours on May 31, 2026. Mr. Gupta's departure occurred before the scheduled end of his tenure on August 31, 2026.

The Board of Directors approved the leadership change at its meeting held on May 21, 2026, based on the recommendation of the Nomination and Remuneration Committee. Mr. Sinha, who was previously serving as Managing Director-Designate and Senior Management Personnel since April 2, 2026, will serve as Managing Director until May 31, 2029. The company disclosed that Mr. Sinha is not related to any of the existing directors and is not debarred from holding the office of director under the Companies Act, 2013, or by any order of the Securities and Exchange Board of India (SEBI).

Mr. Amar Sinha is a seasoned industry professional with over three decades of leadership experience across the alco-beverage and consumer sectors. His career includes roles such as Chief Operating Officer at Radico Khaitan and Managing Director at Whyte & Mackay India. He has also held executive positions at Herbertsons (UB Group). His expertise spans sales, marketing, brand building, operational scale-up, and organisational transformation. He has received recognitions including the Rajeev Gandhi Excellence Award and the Make in India Excellence Award.

Key Leadership Changes

The transition in leadership involves specific dates and roles for both the outgoing and incoming executives. The following table details the changes:

Regulatory Disclosures

The company submitted the necessary disclosures to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation references SEBI Master Circular No. HO/49/14 /14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Effective June 1, 2026, Mr. Amar Sinha is authorized to determine the materiality of events or information and make disclosures to the stock exchanges under Regulation 30 of the SEBI Listing Regulations. The other authorized KMPs for these purposes remain unchanged. The information has also been uploaded to the company's website.