Asgard Alcobev Limited confirmed that all seven resolutions proposed at its 42nd Annual General Meeting were duly approved by shareholders with the requisite majority. The meeting, held on September 30, 2026, via Video Conferencing, addressed statutory compliances for the fiscal year ended March 31, 2026.

The company filed the voting results with the BSE on October 1, 2026, pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutiniser’s report indicated that votes were cast exclusively through remote e-voting, with no voting recorded during the live meeting session.

Voting results and shareholder participation

A total of 50 members participated in the digital proceedings, comprising three from the promoter group and 47 public shareholders. The promoter group held 17,04,57,267 shares, while public non-institutional shareholders held 2,23,41,226 shares. Institutional investors did not participate in the voting.

The following table summarizes the voting outcome for the key agenda items:

Governance and procedural details

The meeting was chaired by Ronak Jain, Managing Director. Eight directors and key managerial personnel attended the virtual session. Practising Company Secretary Krishna Shyam Sunder Rathi of Krishna Rathi & Associates served as the scrutiniser. The remote e-voting facility provided by Central Depository Services (India) Limited remained open from September 27 to September 29, 2026.

As of the cut-off date of September 24, 2026, the company had 5,588 shareholders holding 31,15,32,917 equity shares. The consolidated scrutiniser’s report was signed on September 30, 2026, confirming that no invalid or abstained votes were recorded across any of the seven resolutions.

Asgard Alcobev appointed Manish Garg as Senior Management Personnel effective September 23, 2026. The appointment follows the recommendation of the Nomination and Remuneration Committee, approved by the Board of Directors in a meeting held on the same date.

Garg brings over 32 years of cross-functional experience in the Food & Beverage sector. His career includes significant tenures at global and domestic majors such as Carlsberg, Cargill, Nestlé, Dabur JV, and Dalmia's. He joins the company after serving as Head of Capex, Engineering, Packaging, Utility & Maintenance at Carlsberg India until his retirement in February 2026.

Professional background and expertise

Garg’s profile highlights extensive leadership in plant operations and manufacturing within the beverage industry. His recent role at Carlsberg India involved overseeing greenfield and brownfield expansion projects valued at approximately ₹2,000 crore (~$210 million). This experience aligns with Asgard Alcobev’s operational needs in the alcoholic beverages sector.

His educational qualifications include a B.E. in Mechanical Engineering from Rajasthan University. He holds additional certifications in Brewing & Packaging Technology from VLB Berlin, along with credentials in Total Productive Maintenance (TPM), Reliability, Food Safety, and Construction Safety.

Career trajectory

The disclosure outlines Garg’s professional journey across key organizations in the manufacturing and consumer goods space:

• Dalmia Industries: Early career foundation.
• Nestlé subsidiary: Experience in multinational FMCG operations.
• Dabur JV: Joint venture management exposure.
• Cargill India: Agribusiness and food processing roles.
• Carlsberg India: Tenure from October 2009 to February 2026, culminating in a senior engineering and capex leadership role.

Regulatory compliance

The appointment was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the necessary disclosures to BSE Limited, including details on the reason for change, date of appointment, and brief profile, in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.