Chambal Breweries and Distilleries Limited has taken a significant step in compliance with regulatory requirements by publishing newspaper advertisements containing recommendations from its Committee of Independent Directors regarding an open offer. The company made these publications on September 11, 2025, following a meeting held on September 10, 2025.

Wide Publication Reach

The recommendations were published in multiple newspapers to ensure widespread dissemination of information. The chosen publications include:

• Financial Express (All Editions)
• Jansatta (All Editions)
• Navshakti (Mumbai Edition)
• Rashtradoot (Kota Edition)

This diverse selection of newspapers, covering both national and regional publications, demonstrates the company's commitment to reaching a broad investor base across different language demographics.

Regulatory Compliance

The publication of these recommendations is in strict adherence to the Securities and Exchange Board of India (SEBI) regulations. Specifically, it complies with:

1. SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
2. SEBI (Listing Obligations and Disclosure Requirements) Regulations

Meeting Details

The Committee of Independent Directors convened a physical meeting on September 10, 2025, to deliberate and formulate their recommendations regarding the open offer. This meeting was crucial in ensuring that the interests of all shareholders were considered before making the recommendations public.

Timely Disclosure

By publishing the recommendations on September 11, 2025, just a day after the meeting, Chambal Breweries has demonstrated its commitment to prompt and transparent communication with its shareholders and the market at large.

Significance for Investors

The publication of these recommendations is a critical development for Chambal Breweries' shareholders. It provides them with valuable insights from the Independent Directors, helping investors make informed decisions regarding the open offer.

While the specific details of the recommendations are not provided in the available information, such publications typically include the Independent Directors' views on:

• The fairness of the offer price
• The impact of the offer on the company's future
• Any potential conflicts of interest
• Overall advice to shareholders regarding the offer

Corporate Governance

This action by Chambal Breweries underscores the company's adherence to good corporate governance practices. By ensuring that the Independent Directors' recommendations are widely publicized, the company is promoting transparency and protecting the interests of all stakeholders.

Investors and market watchers will likely be keenly analyzing these recommendations to gauge the potential outcomes of the open offer and its implications for Chambal Breweries and Distilleries Limited's future.

Chambal Breweries and Distilleries Limited has announced significant changes to its board structure. The company's board of directors approved these decisions during a recent meeting.

Board Restructuring

The company has recommended the re-appointment of two key directors, subject to shareholder approval at the upcoming Annual General Meeting (AGM):

1. Mr. Parasram Jhamnani (DIN: 01266196) is set to be re-appointed as Chairman and Managing Director. Jhamnani, 74, brings 34 years of extensive experience in business management to the role. His current tenure is due to expire on August 10, 2025, with the proposed re-appointment effective from August 11, 2025.

2. Mr. Anmol Jindal (DIN: 07618593) is slated for re-appointment as an Independent Director. At 35, Jindal contributes 11 years of experience in business operations and management. His current term ends on September 24, 2025, with the re-appointment proposed from September 25, 2025.

New Secretarial Auditor

The board has also approved the appointment of M/s. Bharat Rathore & Associates as the company's Secretarial Auditors for five consecutive years, from FY 2025-26 to FY 2029-30. This appointment is subject to shareholder approval at the AGM. The firm is led by CS Bharat Rathore, who brings over 8 years of experience in corporate laws and SEBI regulations.

Additional Information

It's worth noting that Mr. Parasram Jhamnani is the father of the company's CFO, Mr. Vinod Jhamnani.

These developments mark significant changes in Chambal Breweries' governance structure. Shareholders will have the opportunity to vote on these matters at the upcoming AGM.