Piccadily Agro Industries Limited has officially commenced commercial production at its new distillery unit in Chhattisgarh, marking a significant milestone in the company's expansion plans. The facility began operations on December 31, 2025, as announced to the stock exchanges under regulatory compliance requirements.

Production Capacity and Operations

The newly operational Chhattisgarh distillery unit has been designed with a substantial production capacity, positioning the company for enhanced market presence.

Strategic Expansion Initiative

The commencement of operations at the Chhattisgarh facility represents a planned expansion initiative by Piccadily Agro Industries. The company has indicated that this development is expected to strengthen its manufacturing capabilities significantly. The new unit adds to the company's existing production infrastructure, enhancing its overall capacity in the alcoholic beverages sector.

Regulatory Compliance

Piccadily Agro Industries has fulfilled its disclosure obligations by informing both the National Stock Exchange and BSE Limited about this operational milestone. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory authorities.

Manufacturing Enhancement

With the Chhattisgarh unit now operational, Piccadily Agro Industries has expanded its manufacturing footprint. The 200 KLPD capacity facility is expected to contribute to the company's production capabilities and support its growth objectives in the distillery segment. The successful commencement of commercial operations demonstrates the company's ability to execute its expansion plans effectively.

Piccadily Agro Industries Limited has announced a key senior management appointment, bringing aboard an experienced human resources leader to strengthen its organizational capabilities.

New Chief Human Resources Officer Appointed

The company has appointed Mr. Madabosi Sreenivasan Venkatesh as Chief Human Resources Officer, effective December 17, 2025. This appointment brings over 33 years of HR leadership experience to the organization.

Extensive Professional Background

Mr. Venkatesh brings over 33 years of extensive HR leadership experience to his new role. He holds an MSW and Management graduate degree, providing him with strong academic credentials to complement his practical experience. His professional journey began in 1992 as a Management Trainee and Assistant Factory Personnel Manager, demonstrating a comprehensive understanding of HR operations from ground level.

In his most recent assignment, Mr. Venkatesh served as Chief Human Resources Officer at a food and beverages company, where he led enterprise-wide people, culture, and transformation initiatives. This experience in the food and beverages sector aligns well with Piccadily Agro Industries' business operations.

Areas of Expertise and Academic Contributions

Mr. Venkatesh's professional expertise encompasses several critical areas of human resources management:

• Organization transformation and effectiveness
• Talent management and performance management systems
• Rewards and compensation frameworks
• Leadership development programs
• Strategic HR alignment with business objectives

Beyond his corporate responsibilities, Mr. Venkatesh actively contributes to management education as a Visiting Faculty with prestigious institutions including MDI Gurgaon, SOIL Gurgaon, and other premier management institutes. His academic involvement focuses on leadership development and HR capability building, demonstrating his commitment to knowledge sharing and industry development.

Track Record of Organizational Impact

Over the past decade, Mr. Venkatesh has demonstrated significant impact in various organizational initiatives. His accomplishments include building performance-driven cultures, implementing pay-for-performance frameworks, and improving overall productivity across organizations. He has successfully institutionalized policies and processes while strengthening employee engagement levels.

Strategic HR Leadership Approach

Mr. Venkatesh's leadership philosophy centers on aligning HR strategy with business growth and shareholder value creation. His approach emphasizes disciplined, ROI-focused people practices that directly contribute to organizational success. This strategic perspective positions him well to support Piccadily Agro Industries' growth objectives and operational excellence initiatives.

The appointment reflects the company's commitment to strengthening its senior management team with experienced professionals who can drive organizational transformation and support business expansion plans.