Tilaknagar Industries announced the resignation of Chief Financial Officer Rajesh Choudhary with immediate effect on October 8, 2026. The company simultaneously elevated Anil Singal, previously Deputy CFO, to Senior Management Personnel to oversee the Finance and Accounts function.

Choudhary tendered his resignation via a letter dated October 8, 2026, citing external career opportunities. He ceases to be a Key Managerial Personnel (KMP) and Senior Management Personnel (SMP) from the close of business hours on that date. However, the company stated he will continue in employment for transition purposes.

Interim leadership structure

To ensure continuity, the Board of Directors approved the inclusion of Anil Singal as SMP through a circular resolution dated October 8, 2026. This appointment is effective from October 9, 2026. The Nomination and Remuneration Committee will recommend a permanent successor for the CFO role in due course.

Singal is a Chartered Accountant with over 27 years of experience in the alcohol-beverage industry. His career includes senior leadership roles at Whyte & Mackay, Radico Khaitan, Allied Blenders and Distillers, and most recently, Jagatjit Industries.

Disclosure details

The company filed this intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures align with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The resignation letter confirms Choudhary’s commitment to a smooth handover of responsibilities. The company remains compliant with regulatory disclosure norms regarding changes in Key Managerial Personnel.

Tilaknagar Industries has declared the consolidated scrutinizer's report for its 91st Annual General Meeting held on September 22, 2026. All nine ordinary and special resolutions proposed by the Board were passed with the requisite majority.

The meeting, conducted virtually via Video Conferencing/Other Audio Visual Means, concluded at 11:24 am. A total of 105 members participated through video conferencing, ensuring quorum under Section 103 of the Companies Act, 2013. The results were finalized based on remote e-voting and e-voting during the AGM, facilitated by the CDSL platform.

Key resolutions passed

Members approved several ordinary and special business items during the meeting. The ordinary business included the adoption of standalone and consolidated financial statements for FY26 and the declaration of a final dividend of ₹1 per equity share (10%) for FY26. Additionally, Mr. Chemangala Ramachar Ramesh was re-appointed as a director retiring by rotation.

Special business resolutions focused on governance and remuneration:

• Ratification of cost auditor remuneration for FY27
• Re-appointment of Amit Dahanukar as Chairman and Managing Director
• Re-appointment of C.R. Ramesh as Whole-Time Director
• Appointment of Bhumika Batra as Independent Director
• Authorization for commission payments to executive and non-executive directors

Voting results summary

The following table summarizes the voting outcomes for the key resolutions. All resolutions were declared "Passed".

What the Numbers Show

The voting data reveals a distinct divergence between institutional and retail shareholder sentiment on governance matters. While public non-institutional shareholders voted overwhelmingly in favour of all resolutions (with opposition rarely exceeding 0.01%), public institutional holders showed significant dissent on specific special resolutions. For instance, institutions voted against the re-appointment of Amit Dahanukar (9.31% against) and C.R. Ramesh as Whole-Time Director (9.83% against), as well as the commission payments to executive directors (10.38% against). This contrasts sharply with their support for routine items like financial statement adoption, where institutional opposition was minimal or zero.

Voting and compliance details

Remote e-voting was facilitated through the CDSL platform from September 17 to September 21, 2026. Advocate R.T. RajGuroo served as the scrutinizer to ensure a transparent voting process. The consolidated voting results have been submitted to stock exchanges. The meeting concluded with a vote of thanks from Chairman Amit Dahanukar, acknowledging shareholder support. The company confirmed that full minutes are available on its website.