Chambal Breweries EGM Achieves 99.96% Shareholder Approval for Leadership Changes

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:

Resolution:	Votes in Favor	Votes Against	Approval Rate
Remuneration Approval:	2,139,022	900	99.96%
Managing Director Appointment:	2,139,022	900	99.96%
Whole-time Director Appointment:	2,139,022	900	99.96%
Neha Shukla (Independent Director):	2,139,022	900	99.96%
Jay Kumar Shaw (Independent Director):	2,139,022	900	99.96%

Approved Leadership Structure

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

Position:	Director	Previous Role	New Designation
Managing Director & Chairman:	Mrs. Meenal Shrirang Patwardhan (DIN: 09000788)	Additional Executive Director	Managing Director & Chairman
Whole-time Director:	Mr. Trevor Valentine Dsouza (DIN: 07047196)	Additional Executive Director	Whole-time Director
Independent Director:	Mrs. Neha Shukla (DIN: 11230754)	Additional Independent Director	Independent Director
Independent Director:	Mr. Jay Kumar Shaw (DIN: 09627535)	New Appointment	Independent Director

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.

Voting Details:	Figures
Total Shareholders:	6,063
E-mail Notices Sent:	4,243
Courier Notices Sent:	1,820
Physical Votes Cast:	2,136,071
Paid-up Share Capital:	₹7.49 crores

Remuneration Framework

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

Role:	Monthly Remuneration
Managing Director:	₹25,000 per month
Whole-time Director:	₹25,000 per month
Independent Directors:	₹20,000 per meeting (sitting fees)

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.

Chambal Breweries and Distilleries Limited is undergoing significant changes in its leadership structure. The company has announced the resignation of two key managerial personnel, effective November 18, 2025.

Departures in Key Positions

Lalit Modi, who served as the Company Secretary and Compliance Officer, and Vinod Jhamnani, who held the position of Chief Financial Officer (CFO), have both tendered their resignations. Both executives cited the pursuit of alternate career opportunities outside the organization as the reason for their departure.

Timing and Transition

The resignations of both Modi and Jhamnani will take effect from the close of business hours on November 18, 2025. This simultaneous exit of two crucial positions may pose challenges for the company in terms of continuity and compliance management.

Impact on Company Operations

The departure of these key personnel may have several implications for Chambal Breweries and Distilleries Limited:

Compliance and Regulatory Oversight: As the Company Secretary and Compliance Officer, Lalit Modi played a crucial role in ensuring the company's adherence to regulatory requirements. His exit may temporarily affect the company's compliance processes.
Financial Management: Vinod Jhamnani's resignation as CFO could impact the company's financial strategy and reporting mechanisms in the short term.
Investor Relations: These changes in key managerial positions may raise questions among investors about the company's stability and future direction.

Next Steps for Chambal Breweries

The company has not yet announced replacements for these positions. It will be crucial for Chambal Breweries to fill these roles promptly to ensure smooth operations and maintain investor confidence.

Resignation Details

Position	Name	Effective Date of Resignation
Company Secretary and Compliance Officer	Lalit Modi	November 18, 2025
Chief Financial Officer (CFO)	Vinod Jhamnani	November 18, 2025

Both Modi and Jhamnani expressed gratitude towards the Board of Directors, Managing Director, and Senior Management for their support during their tenure at Chambal Breweries and Distilleries Limited.

As the company navigates through this transition, stakeholders will be keenly watching how quickly and effectively these key positions are filled, and how the changes might influence the company's performance and compliance in the coming months.