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 , a company listed on the Indian stock market, has witnessed a significant change in its shareholding pattern. Promoter Parasram Jhamnani has completely exited his position in the company through an off-market transaction.

Key Details of the Transaction

Impact on Shareholding

This transaction marks a complete exit by Parasram Jhamnani from Chambal Breweries and Distilleries Limited. The promoter's stake has reduced from 7.53% to 0%, indicating a significant shift in the company's ownership structure.

Market Implications

While the reasons behind this exit have not been disclosed, such moves by promoters often attract attention from market participants. Investors and analysts may closely watch for any potential changes in the company's management or strategic direction following this development.

Regulatory Compliance

The disclosure of this transaction aligns with the Securities and Exchange Board of India (SEBI) regulations, which require prompt reporting of significant changes in promoter shareholdings. This transparency helps maintain market integrity and keeps investors informed about important ownership changes.

It's important to note that this off-market transaction does not directly impact the company's day-to-day operations or its financial performance. However, it may lead to speculation about the company's future prospects and potential changes in its governance structure.

Investors are advised to monitor any further announcements from the company or regulatory filings for additional context or information regarding this change in promoter shareholding.