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 announced that its Nomination and Remuneration Committee (NRC) has approved the grant of 3,200,000 stock options under the ABD Employee Stock Option Scheme-2024. The decision was made during the NRC meeting held on January 23, 2026, which concluded at 02:50 P.M. (IST).

Stock Option Grant Details

The comprehensive stock option grant encompasses significant value for eligible employees across the organization. The company has structured this initiative under its established Employee Stock Option Scheme framework.

Vesting Schedule and Structure

The stock options follow a systematic 4-year vesting schedule designed to balance retention and performance incentives. The vesting structure incorporates both time-based and performance-based components to align employee interests with company objectives.

Exercise Terms and Conditions

Once vested, employees have a four-year window to exercise their stock options from the respective vesting dates. This extended exercise period provides flexibility for employees to optimize their decision timing based on market conditions and personal financial planning.

The scheme operates under the ABD Employee Stock Option Scheme-2024 framework, ensuring compliance with regulatory requirements and corporate governance standards. The company has structured the program to align with SEBI regulations governing share-based employee benefits.

Regulatory Compliance

The stock option grant fulfills all requirements under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has provided comprehensive disclosure details as mandated by SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

This employee stock option initiative represents Allied Blenders & Distillers' commitment to employee retention and performance-based compensation structures. The substantial grant of 3.2 million options demonstrates the company's confidence in its workforce and long-term growth prospects.