Britannia Industries has elevated Shailesh Kumar from General Manager - Procurement to Vice President - Procurement effective April 1, 2026. The decision, approved by the Board of Directors via a circular resolution on June 30, 2026, follows a recommendation from the Nomination and Remuneration Committee. This internal promotion strengthens the company's senior leadership within the procurement function.

The elevation was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board's resolution was passed at 10:09 P.M. IST on Tuesday, June 30, 2026. Kumar has been appointed on a full-time employment basis.

Profile of Shailesh Kumar

Shailesh Kumar brings extensive experience to his new role, having spent around 19 years in the FMCG sector. His career includes over 14 years with Britannia Industries Limited, where he held various roles across the procurement function prior to this elevation. Before joining the company, he served as Purchase Manager at ITC Limited.

Kumar holds a Master of Business Administration (MBA) from the National Institute of Agricultural Extension Management (MANAGE), Hyderabad. His deep domain knowledge and long tenure with the firm are expected to support the company's operational strategies.

Appointment Details

The specifics of the appointment are detailed below:

Britannia Industries Limited has dispatched a notice of postal ballot to seek shareholder approval for the re-appointment of Mr. N. Venkataraman as Executive Director and Chief Financial Officer. The resolution proposes a four-year term effective from July 30, 2026, to July 29, 2030. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment citing Mr. Venkataraman's four decades of experience and his strategic leadership across the finance function.

The notice was dispatched via email to shareholders whose names appear in the Register of Members or Register of Beneficial Owners as on the cut-off date of June 26, 2026. Physical copies have not been dispatched in compliance with Ministry of Corporate Affairs circulars. The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. The voting results will be announced within two working days from the conclusion of the remote e-voting period.

Terms of Re-appointment

The re-appointment is proposed on terms and conditions including remuneration as set out in the Service Agreement to be executed between the company and Mr. Venkataraman. The proposed remuneration structure includes a basic salary of ₹62,30,357 per annum, along with performance-linked incentives, perquisites, and allowances as determined by the Board.

The aggregate remuneration payable will remain within the maximum limits prescribed under Section 197, Schedule V of the Companies Act, 2013, and the SEBI Listing Regulations, 2015. In the event of inadequate profits, remuneration will be paid subject to compliance with Schedule V and necessary approvals.

Remote E-Voting Schedule

Shareholders eligible to vote can participate through remote e-voting during the following period:

Director Profile

Mr. N. Venkataraman, aged 61, is a Commerce Graduate and a Qualified Cost Accountant. He heads the Finance, Business Commercial, Legal, and Secretarial functions and leads cost efficiency initiatives. Prior to joining the company in April 2007, he headed the finance function for the two-wheeler and commercial vehicle businesses of Eicher Motors Limited. He does not hold any shares in the company.