Chambal Breweries and Distilleries Limited has completed a comprehensive board restructuring effective January 18, 2026, following a management takeover. The company submitted detailed regulatory filings to BSE Limited under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, accompanied by original resignation letters from all departing directors.

Major Board Resignations

Four key board members resigned simultaneously on January 18, 2026, all citing change in management by takeover as the sole reason for their departure. The company received formal resignation letters from each departing director.

All departing directors confirmed in their formal resignation letters that there were no material reasons for their resignation other than the change in management by takeover. Each resignation letter expressed gratitude to the board and wished the company continued success in future endeavors. None of the resigning directors held any shareholding in the company.

New Board Appointment

The company appointed Mr. Gaurav Sharma as Additional Independent Director effective January 18, 2026, bringing significant HR leadership experience to the restructured board.

Mr. Sharma is described as a seasoned HR leader with over 22 years of experience across large, complex, and diversified organizations. His educational credentials reflect a focus on future-ready leadership approaches. The company confirmed he is not debarred from holding the office of Director by virtue of any SEBI Order or any such authority.

Additional Directorships and Regulatory Details

Among the departing directors, Mr. Rinku Goyal held additional positions including Independent Director at Vivran Agritech Limited, where he served on the Nomination and Remuneration Committee and Audit Committee. He also served as Director at W Health Ventures Advisory India Private Limited. Mr. Anmol Jindal did not hold any other directorships.

Regulatory Compliance and Documentation

The company ensured comprehensive regulatory compliance by submitting detailed documentation to BSE Limited. Company Secretary and Compliance Officer Nitish Neniwal (Membership No. A69792) signed the regulatory filings on behalf of the company.

The disclosures included comprehensive annexures providing all information required under applicable SEBI regulations and circulars. This thorough documentation approach demonstrates the company's commitment to transparency during the management transition following the takeover.

Chambal Breweries and Distilleries Limited has successfully completed its Extraordinary General Meeting (EGM) held on December 12, 2025, with shareholders demonstrating overwhelming support for significant leadership changes and appointments. The meeting, conducted at The Fern Jaipur Airport Plaza in Jaipur, Rajasthan, resulted in unprecedented shareholder approval with 99.96% voting in favor of all five proposed resolutions.

Comprehensive Voting Results

The EGM witnessed exceptional shareholder participation with detailed voting outcomes across all resolutions:

Approved Leadership Structure

Shareholders unanimously approved the following leadership transitions, all effective from December 12, 2025, through December 11, 2030:

Voting Process and Participation

The company implemented a comprehensive voting mechanism combining remote e-voting and physical polling. The e-voting process operated from December 9-11, 2025, while physical voting occurred during the EGM. Mrs. Shikha Rai, Partner of Mamta Binani and Associates, served as the scrutinizer to ensure fair and transparent proceedings.

Remuneration Framework

The approved remuneration structure reflects the company's cost-conscious approach:

Financial Context

The leadership restructuring comes as Chambal Breweries navigates financial challenges in the IMFL and Beer sector. The company has indicated plans to diversify into trading and retailing new product lines to revive growth and profitability, expecting gradual improvement in productivity and profits in the medium term despite ongoing sector challenges.