Britannia Industries Limited has appointed Siddharth Parakh as Head - Strategy & Business Development, effective August 3, 2026. The Board of Directors approved the appointment on August 2, 2026, based on the recommendation of the Nomination and Remuneration Committee. This leadership addition signals the company’s focus on strengthening its strategic planning and business development capabilities through experienced talent in mergers and acquisitions (M&A) and capital allocation.

The appointment was formalized via a circular resolution passed by the Board at 5:55 P.M. IST on August 2, 2026. The disclosure was made pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations, 2015'). The filing also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Appointment Details

Parakh assumes a full-time role within the organization’s senior leadership structure. His appointment aims to leverage his extensive background in corporate strategy and investment banking to drive future growth initiatives for Britannia Industries.

Professional Background

Siddharth Parakh brings over 13 years of diverse experience in Corporate Strategy, M&A, Investments, and Capital Allocation. Prior to joining Britannia Industries, he served in the Group CFO & Group Strategy Office at Tata Sons for 4.5 years. During his tenure at Tata Sons, he worked on Strategic Initiatives, Investments, and M&A across the Tata Group of Companies.

Before joining the Tata Group, Parakh worked as an Assistant Vice President in the investment banking team at Edelweiss (Nuvama). In this role, he advised Indian and global clients on M&A, Corporate Finance, and Fund Raising activities across several sectors, including consumer, new age businesses, information technology, and healthcare. He has also advised on Corporate Finance and several Marquee Transactions with organizations such as MAPE Advisory Group, Grant Thornton, and PwC.

Parakh is a Chartered Accountant and a Company Secretary. He holds a Post Graduate Diploma in Management (PGDM) from S. P. Jain Institute of Management & Research, Mumbai, and has pursued the Advanced International Finance Program from Cornell University, New York. He was recognized with the Economic Times Young Leader Award, honoring India's emerging business leaders.

Shareholders of Britannia Industries Limited have approved the re-appointment of N. Venkataraman as Whole-Time Director, designated as Executive Director and Chief Financial Officer. The resolution passed with 97.08% support via remote e-voting, ensuring continuity in financial leadership through July 29, 2030.

The voting process concluded on July 30, 2026, with the Scrutinizer’s Report submitted on July 31, 2026. Anshu Agarwal of ANGC & Co. LLP served as the independent scrutinizer. The appointment aligns with Regulation 44 of the SEBI Listing Regulations, 2015, and Sections 110 and 108 of the Companies Act, 2013.

Voting Breakdown

The postal ballot saw participation from 2,76,577 shareholders on record date June 26, 2026. Promoter and promoter group shareholders voted unanimously in favor, while public institutional investors showed strong support at 92.14%.

Leadership Continuity

N. Venkataraman (DIN: 05220857) brings approximately four decades of experience to Britannia, having joined in April 2007. He heads Finance, Business Commercial, Legal, and Secretarial functions, alongside leading Cost Efficiency initiatives. Previously, he managed finance for Eicher Motors Limited’s two-wheeler and commercial vehicle businesses.

The Board of Directors had initially recommended the re-appointment on March 31, 2026, subject to shareholder approval. The new four-year term begins on July 30, 2026, replacing his previous tenure which ended due to retirement by rotation rules.

Regulatory Compliance

The company disclosed that Venkataraman is not related to any other directors and holds no debarment status from SEBI or other authorities. The intimation was signed by Company Secretary Sona Rajora (ICSI No. A35468) and submitted to BSE and NSE on July 31, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations, 2015.