Allied Blenders & Distillers Limited's board of directors has approved significant additional investments in its subsidiary Minakshi Agro Industries LLP (MAILLP) to enhance manufacturing capabilities and support growing demand in western regions and international markets. The board meeting held on January 29, 2026, resulted in approvals totaling ₹62 crores in new investments plus restructuring of existing project financing.

Investment Breakdown

The board approved a comprehensive investment package structured across multiple components to support MAILLP's expansion plans.

Subsidiary Profile and Performance

MAILLP operates as a grain spirit manufacturing company with its distillery located in Aurangabad, Maharashtra. The subsidiary was incorporated on January 10, 2022, with Allied Blenders acquiring a 98% profit-sharing ratio on October 29, 2024.

Strategic Restructuring

The company modified its earlier approved capex structure based on MAILLP's successful negotiations with banks for credit facilities. Instead of funding the entire ₹240 crores project through direct capital contribution, Allied Blenders will provide ₹225 crores support through corporate guarantee for debt raised by MAILLP. This restructuring optimizes the financing approach while maintaining project viability.

Project Objectives and Timeline

The additional investments will enable MAILLP to establish a state-of-the-art bottling facility and procure necessary additional land for project expansion. These developments align with Allied Blenders' strategy to enhance manufacturing capacity supporting increasing portfolio demand in Maharashtra and international markets.

Regulatory Compliance

The transactions fall within related party transaction guidelines and are conducted at arm's length pricing. The investments require no additional governmental or regulatory approvals. Allied Blenders disclosed these developments under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring full transparency with stakeholders and market participants.

Allied Blenders & Distillers Limited has announced a strategic realignment of its senior finance leadership team, marking a significant organizational transition designed to accelerate growth and enhance capital excellence. The Board of Directors approved these changes during their meeting held on January 29, 2026, as part of the company's initiative to build a future-ready organization capable of managing ambitious growth objectives.

Leadership Transition Details

The company has implemented a dual-engine financial leadership structure through strategic role realignments. Current CFO Jayant Manmadkar will relinquish his position effective from close of business hours on February 01, 2026, transitioning to the newly created role of Group Finance Director while remaining part of the Senior Management Personnel.

New Role Responsibilities

In his new capacity as Group Finance Director, Jayant Manmadkar will focus on strategic initiatives designed to drive long-term value creation. His responsibilities will encompass:

• Leading value accretive capital investments
• Overseeing digital transformation initiatives
• Managing inorganic growth through mergers and acquisitions in India and globally
• Directing cross-functional strategic initiatives across the group
• Supervising the Group's broader strategic roadmap

Ramakrishnan Ramaswamy's Return

Ramakrishnan Ramaswamy, who previously served as CFO of Allied Blenders from 2010 to 2024, will resume the Chief Financial Officer position effective February 02, 2026. His extensive background includes over three decades of experience in financial management across multiple organizations.

Prior to his tenure at Allied Blenders, Ramaswamy served as Chief Financial Officer of Jubilant Oil & Gas Private Limited, where he contributed to financial structuring, capital allocation, and international listing processes. He also held the position of Vice President – Finance (Global) at Essel Propack Limited, managing global finance operations and international business support functions.

Strategic Rationale

According to Managing Director Alok Gupta, this leadership realignment reflects the company's strategic ambitions and organizational evolution. The restructuring allows for bifurcated focus areas, with Manmadkar spearheading long-term strategic investments and digital evolution, while Ramaswamy brings institutional knowledge to financial stewardship.

The transition supports several key company initiatives:

• Entry into the luxury segment via ABD Maestro Pvt Ltd
• Value accretive capacity expansion programs
• Backward integration initiatives
• Enhanced operational excellence standards

Regulatory Compliance

The leadership changes have been implemented in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting, which commenced at 3:00 P.M. and concluded at 06:00 P.M. on January 29, 2026, included recommendations from both the Nomination and Remuneration Committee and the Audit Committee.

Effective February 02, 2026, Ramakrishnan Ramaswamy will serve as one of the Key Managerial Personnel authorized for determining materiality of events and making disclosures to stock exchanges under Regulation 30 of the SEBI Listing Regulations. The company has made all relevant documentation available on its website at abdindia.com and filed the necessary regulatory disclosures with both BSE Limited and National Stock Exchange of India Limited.