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.

Allied Blenders & Distillers Limited has delivered impressive profitability growth in Q3FY26, demonstrating operational efficiency despite facing revenue headwinds. Following the release of strong quarterly results, the company concluded its earnings conference call on January 30, 2026, providing stakeholders with detailed insights into its financial performance.

Strong Profit Growth Amid Revenue Decline

The company's standalone performance for Q3FY26 showed remarkable profit expansion despite challenging top-line conditions. Net profit after tax surged 33.9% year-on-year, reflecting improved operational efficiency and cost management.

Nine-Month Performance Shows Sustained Growth

The nine-month period ended December 31, 2025, demonstrated the company's ability to maintain strong profitability trends across an extended timeframe. Net profit growth of 77.2% significantly outpaced the revenue decline, indicating effective margin management.

Earnings Call and Regulatory Compliance

Allied Blenders conducted a conference call on January 30, 2026, to discuss its Q3FY26 earnings with funds, investors, and analysts. The call commenced at 04:00 p.m. IST and concluded at 05:15 p.m. IST, conducted through audio mode in Mumbai. The company has made the audio recording available on its website at the investor relations section under financial information.

The company confirmed that it referred only to publicly available documents during discussions and no unpublished price sensitive information was shared during the conference call, ensuring compliance with Regulation 30 of SEBI regulations.

Cost Structure and Operational Efficiency

The company's expense management contributed significantly to profit growth. Cost of materials consumed increased to ₹56,011.25 lakhs in Q3FY26 from ₹49,709.17 lakhs in Q3FY25. However, excise duty on sales decreased substantially to ₹92,149.15 lakhs from ₹1,36,844.50 lakhs year-on-year. Employee benefits expense rose to ₹4,857.55 lakhs compared to ₹4,399.21 lakhs in the previous year quarter.

Recent Corporate Developments and Legal Matters

The company continues to address significant legal matters including a customer dispute with Canteen Stores Department involving a contested claim of ₹3,398.72 lakhs. Additionally, Allied Blenders faces income tax demands totaling ₹35,231 lakhs plus interest of ₹24,914 lakhs, with the Income Tax Department granting a 90% stay on these demands. The company has also completed strategic acquisitions including 100% stake in UTO Asia Pte. Ltd. for EUR 1,225,000 and approved acquisition of distillery assets in Uttar Pradesh for up to ₹7,000 lakhs.