Associated Alcohols & Breweries Limited, a leading player in the Indian alcoholic beverages industry, has officially announced the reappointment of Ms. Apurva Pradeep Joshi as a Non-Executive, Independent Director for a second term of five years. This important decision was made during the board meeting held on 26th April 2025, following the recommendations of the company's Nomination and Remuneration Committee. The reappointment is subject to the approval of the company's shareholders during the forthcoming Annual General Meeting (AGM).

The second term for Ms. Apurva Joshi will be effective from September 12, 2025, and will continue until September 11, 2030. Her extensive expertise and strong governance background are expected to continue adding significant value to the strategic direction and compliance framework of the company.

In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Associated Alcohols has shared detailed disclosures regarding the reappointment, ensuring complete transparency and adherence to regulatory standards.

Profile of Ms. Apurva Pradeep Joshi

Ms. Apurva Joshi stands out as one of the youngest professionals in India to achieve recognition as a Certified Forensic Accounting Professional and a Certified Fraud Examiner. She has an impressive academic background, holding a Doctor of Literature (D. Litt.) degree from both the University of South America and the University of Asia.

Further enhancing her professional credentials, Ms. Joshi is a Certified Management Consultant from the prestigious Indian Institute of Management (IIM) Bangalore. She has also pursued specialized certificate courses in areas critical to corporate governance and financial integrity, including Anti-Money Laundering, Bank Forensic Accounting, and Vigilance & Investigation Expertise.

Additionally, Ms. Joshi has completed advanced leadership and organizational development programs from the TATA Institute of Social Sciences (TISS), focusing on Organization Development, Change, and Leadership (ODCL) within civil society organizations in India.

Her corporate governance experience is further evidenced by her roles as an Independent Director at various reputed companies, including:

• Quickheal Technologies Limited

• Precision Camshafts Limited

• Fidel Softech Limited (NSE SME Listed)

• Paramount Speciality Forgings Limited (NSE SME Listed)

Importance of the Reappointment

The reappointment of Ms. Apurva Joshi is significant for Associated Alcohols & Breweries Limited, as it highlights the company’s commitment to ensuring a strong, independent, and diverse Board. Ms. Joshi’s expertise in forensic accounting, financial investigation, anti-money laundering practices, and leadership development will continue to guide the company’s strategic initiatives and strengthen internal controls.

Moreover, her active presence on the boards of other listed companies offers Associated Alcohols a broader industry perspective and experience with emerging trends in compliance, governance, and corporate responsibility.

Disclosures and Regulatory Compliance

In line with SEBI requirements, the company has disclosed the following:

• Reason for change: Reappointment of an Independent Director.

• Date and Term: Reappointment effective from September 12, 2025, till September 11, 2030.

• Brief Profile: Detailed educational and professional background, emphasizing her certifications and directorships.

• Relationships with other Directors: No inter-se relationship with any other director of the company.

These disclosures ensure that shareholders and investors are fully informed of the changes in the Board and the qualifications of the individuals serving as Independent Directors.

Commitment to Corporate Governance

By reappointing individuals like Ms. Joshi, Associated Alcohols reiterates its commitment to high standards of corporate governance, transparency, and accountability. Independent Directors play a critical role in providing unbiased oversight and guiding the company towards achieving its business objectives while safeguarding stakeholder interests.

This strategic move is also likely to enhance investor confidence, as it shows that the company places a high priority on strong governance structures, ethical business practices, and leadership with proven expertise.

About Associated Alcohols & Breweries Limited

Associated Alcohols & Breweries Limited (AABL), headquartered in Indore, Madhya Pradesh, is a prominent manufacturer of extra neutral alcohol (ENA) and Indian Made Foreign Liquor (IMFL). The company’s facilities are located in Khodigram, Barwaha Tehsil, Khargone District, Madhya Pradesh. Over the years, AABL has carved out a solid reputation in the alcoholic beverages sector and continues to expand its footprint across India.

The company is listed on major stock exchanges, namely:

• BSE Limited (Scrip Code: 507526)

• National Stock Exchange of India Limited (NSE Symbol: ASALCBR)

Through strategic leadership, a focus on product innovation, and a commitment to sustainable practices, Associated Alcohols aims to strengthen its position as one of India's most respected liquor manufacturers.

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