Britannia Industries has elevated two senior executives to Vice President roles, strengthening its leadership in commercial and supply chain functions. The Board of Directors approved the promotions for Piyush Bhandari and Abhishek Gaurav during a meeting held on August 6, 2026, with the changes taking effect from August 1, 2026. This move consolidates leadership for key operational areas as the company continues to manage its extensive distribution network.

The Board approved the elevations based on the recommendation of the Nomination and Remuneration Committee. The decision was formalized under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed the changes in a filing to the Bombay Stock Exchange and the National Stock Exchange of India Limited on August 6, 2026.

Piyush Bhandari has been promoted from General Manager - Commercial Business & Sales to Vice President - Commercial. He joined Britannia in 2006 as a Management Trainee and brings over 20 years of experience to the role. A Chartered Accountant by qualification, Bhandari previously served as Executive Assistant to the Managing Director before heading the Commercial Business & Sales function. His tenure has included handling key roles in Commercial Finance across Sales, Marketing, Manufacturing, and Replenishment functions.

Abhishek Gaurav has been elevated from General Manager - Replenishment to Vice President - Replenishment. Gaurav joined the company in 2008 as a Management Trainee and possesses over 18 years of experience in supply chain management. He holds a degree in Mechanical Engineering from the Indian Institute of Technology (IIT), Kharagpur, and an MBA in Supply Chain Management from the Indian Institute of Management (IIM), Mumbai. Prior to this promotion, he held several key roles within the Replenishment function, including Regional Planning Manager and National Manager – Supply & Demand Planning.

Leadership Changes

Both executives are on full-time employment terms. The Board Meeting commenced at 3:00 P.M. IST and concluded at 6:00 P.M. IST on August 6, 2026. Sona Rajora, Company Secretary & Compliance Officer, certified the disclosure.

Britannia Industries Limited has appointed Sonny Iqbal as an Additional Non-Executive Independent Director, effective August 8, 2026. The Board of Directors made the appointment during its meeting on August 6, 2026, based on the recommendation of the Nomination and Remuneration Committee. This addition to the Board strengthens the company’s governance structure with an expert in leadership development and family enterprise advisory, bringing decades of global consulting experience to the consumer goods firm.

The Board has recommended Iqbal’s appointment as a Non-Executive Independent Director for a term of five consecutive years, from August 8, 2026, to August 7, 2031. This recommendation is subject to the approval of the Members of the Company. Britannia will circulate a Notice of the Postal Ballot in due course to seek this shareholder approval, which will subsequently be filed with the Stock Exchanges.

The appointment was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Clause 7 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015. The disclosure also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Additionally, the company confirmed compliance with BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24, both dated June 20, 2018.

Sonny Iqbal (DIN: 02962053) is a global expert in Leadership Development, Organization Consulting, and Family Enterprise Advisory. He spent 27 years at Egon Zehnder, where he helped establish offices in New Delhi, Bengaluru, and Mumbai, and continues his association with the firm as a Senior Advisor. At Egon Zehnder, he co-founded and co-led the global Family Business Advisory Practice, guiding multigenerational enterprises through succession, founder transition, governance structures, and professionalization.

His work with the practice has been published in several papers, including six articles in the Harvard Business Review. He also served as Chair of the firm’s Partner Candidate Evaluation Group and as a member of its Nomination Committee. Prior to Egon Zehnder, Iqbal held key positions with the Oberoi Group across India, the United Kingdom, and the Middle East, and managed the financial and travel services business of American Express in India. He currently serves as a Senior Advisor at ChrysCapital, one of India’s largest private equity firms.

Iqbal holds a BA (Hons) from St. Stephen's College, University of Delhi, an MBA in Marketing from the University of Surrey, UK, and a Postgraduate Diploma from the Oberoi Centre of Learning and Development. The filing confirms that Mr. Sonny Iqbal is not related to any of the Directors of the Company and is not debarred from holding the office of Director by virtue of any order of SEBI or any other authority.

Appointment Details