Britannia Industries Announces Resignation of Chief Sales Transformation Officer

Britannia Industries Limited has announced the resignation of its Chief Sales Transformation Officer, Mr. Abhishek Sinha, who will be stepping down from his role effective March 31st, 2026. The company informed stock exchanges about this key managerial personnel change on March 27th, 2026, in compliance with regulatory requirements.

Resignation Details

The resignation was formally communicated to both BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI Listing Regulations, 2015. The notification was made under Clause 7 of Para A of Part A of Schedule III of the regulations, which governs disclosure of changes in key managerial personnel.

Parameter:	Details
Officer Name:	Mr. Abhishek Sinha
Position:	Chief Sales Transformation Officer
Resignation Date:	January 21st, 2026
Relief Date:	March 31st, 2026
Reason:	External opportunity

Official Communication

In his resignation letter dated January 21st, 2026, Mr. Sinha expressed his decision to move on from Britannia to pursue an external opportunity. He requested to be relieved from the company's services with effect from close of business hours on March 31st, 2026, as per the terms of his employment.

Mr. Sinha acknowledged his tenure with the organization, stating it had been a privilege to be associated with Britannia. In his resignation letter, he thanked the esteemed Board Members and fellow members of the Executive Leadership Team for their outstanding support, guidance, and cooperation during his time with the company.

Regulatory Compliance

The announcement was signed by Sona Rajora, Company Secretary & Compliance Officer, who holds ICSI Membership No. A35468. The communication was digitally signed on March 27th, 2026, ensuring proper documentation and compliance with regulatory requirements.

The company has requested both stock exchanges to take this information on record, completing the necessary disclosure obligations for changes in key managerial personnel as mandated by securities regulations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.58%	-3.63%	-9.34%	-8.79%	+11.04%	+50.39%

Britannia Industries Limited has officially announced the results of its postal ballot process for appointing Mr. Rakshit Hargave as Chief Executive Officer and Managing Director. The company filed the voting results with BSE and NSE on March 15, 2026, confirming that the ordinary resolution was passed with requisite majority through electronic voting.

Official Filing and Regulatory Compliance

The company submitted its voting results to the stock exchanges pursuant to Regulation 44 of SEBI Listing Regulations, 2015. The postal ballot was conducted in accordance with Section 110 read with Section 108 of the Companies Act, 2013, and Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014. Mr. Mitesh Dhabliwala (FCS No: 8331 CP: 9511) from M/s. Parikh & Associates served as the scrutinizer for the voting process.

Filing Details:	Information
Filing Date:	March 15, 2026
Scrutinizer:	Mr. Mitesh Dhabliwala (FCS: 8331)
Voting Period:	February 13 - March 14, 2026
E-voting Provider:	National Securities Depository Limited (NSDL)
Cut-off Date:	February 6, 2026

Appointment Details and Term

Mr. Rakshit Hargave, bearing Director Identification Number (DIN) 03406793, has been appointed as both Chief Executive Officer and Managing Director for a term of 5 years with effect from December 15, 2025, to December 14, 2030 (both days inclusive). The appointment was initially approved by the Board of Directors on November 10, 2025, based on the recommendation of the Nomination and Remuneration Committee.

Appointment Details:	Information
Name:	Mr. Rakshit Hargave
DIN:	03406793
Position:	CEO and Managing Director
Term Duration:	5 years
Effective Period:	December 15, 2025 to December 14, 2030
Retirement Clause:	Not liable to retire by rotation

Comprehensive Voting Results

The postal ballot demonstrated strong shareholder participation with 80.21% of total shares being polled. The resolution received 79.58% votes in favour and 20.42% against, confirming the appointment with requisite majority.

Voting Summary:	Details
Total Shares:	24,08,68,296
Votes Polled:	19,31,96,266
Participation Rate:	80.21%
Votes in Favour:	15,37,49,538 (79.58%)
Votes Against:	3,94,46,728 (20.42%)

Category-wise Voting Analysis

The voting results revealed distinct patterns across different shareholder categories. The promoter and promoter group demonstrated unanimous support for the appointment, while institutional investors showed a divided stance with 55.33% voting against the resolution.

Shareholder Category:	Shares Held	Votes Polled	Participation (%)	In Favour (%)	Against (%)
Promoter Group:	12,17,52,892	12,17,52,892	100.00	100.00	0.00
Public Institutions:	8,30,80,216	7,12,84,552	85.80	44.67	55.33
Public Non-Institutions:	3,60,35,188	1,58,822	0.44	98.26	1.74

Professional Background and Qualifications

Mr. Rakshit Hargave brings extensive experience in the consumer industry both in India and overseas. He has served as CEO of Birla Opus, the paint venture from Aditya Birla Group, and headed operations of Beiersdorf (NIVEA) across India, Africa, ASEAN and ANZ regions. His career includes roles as Chief Operating Officer at Lakme Lever under Hindustan Unilever, and successful tenure at Jubilant Food Works where he launched the Domino's Pizza 30 minutes guarantee delivery model. The company confirmed that Mr. Hargave is not debarred from holding the Office of Director by SEBI or any other authority and is not related to any existing Directors of the Company.