Chambal Breweries EGM Achieves 99.96% Shareholder Approval for Leadership Changes
Chambal Breweries and Distilleries Limited successfully concluded its Extraordinary General Meeting with exceptional 99.96% shareholder approval across all five leadership resolutions. The company appointed Mrs. Meenal Shrirang Patwardhan as Managing Director & Chairman and Mr. Trevor Valentine Dsouza as Whole-time Director, along with two Independent Directors, demonstrating strong investor confidence in the new leadership structure.
*this image is generated using AI for illustrative purposes only.
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.
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