Tilaknagar Industries Limited, one of India’s prominent alcoholic beverage companies, has announced a series of changes in Key Managerial Personnel (KMP) and Senior Management Personnel (SMP) as part of an internal leadership realignment. The changes were approved by the Board of Directors at its meeting held on January 27, 2026, following the recommendation of the Nomination and Remuneration Committee. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, ensuring timely communication with stock exchanges and stakeholders.

The leadership restructuring comes in the backdrop of the company’s acquisition of the Imperial Blue business, a strategic move that has significantly expanded Tilaknagar Industries’ scale and operational footprint. As the organisation integrates the acquired business and adapts to its evolving structure, the realignment of roles, designations, and responsibilities aims to strengthen governance, improve functional focus, and support long-term growth.

Changes in Key Managerial Personnel

As part of the approved changes, Mr. Abhinav Gupta, who was serving as Chief Financial Officer, has relinquished his position as CFO with immediate effect. This change is consequent to his transition into a new internal role as Chief of Internal Audit within the company. With this transition, Mr. Gupta ceases to be designated as a Key Managerial Personnel, while continuing as a Senior Management Personnel. The company has clarified that his role change is part of the broader leadership transition process following the Imperial Blue acquisition.

Simultaneously, the Board has approved the appointment of Mr. Rajesh Choudhary as the new Chief Financial Officer of Tilaknagar Industries Limited. Mr. Choudhary, who was previously serving as Senior Vice President – Finance & Accounts, has been elevated to the position of CFO and will serve as both a Key Managerial Personnel and Senior Management Personnel with immediate effect. His appointment is expected to bring continuity and strategic depth to the company’s financial leadership during a critical phase of integration and expansion.

In addition, Mr. Minuzeer Bamboat, who currently serves as Company Secretary & Compliance Officer, has been entrusted with additional responsibilities as Head – Legal. With this change, he continues as a Key Managerial Personnel and Senior Management Personnel and has been re-designated as Company Secretary, Compliance Officer & Head – Legal. This expanded role is aimed at strengthening regulatory compliance, governance, and legal oversight within the organisation.

Senior Management Re-designations

Beyond changes at the KMP level, the Board has also approved multiple re-designations within Senior Management Personnel, reflecting the company’s focus on role clarity and leadership alignment.

Mr. Nishant Jain, who was serving as President – Sales, has been re-designated as Chief Sales Officer with immediate effect. This change underscores the strategic importance of sales leadership in driving market expansion and brand growth.

Mr. Ameya Deshpande, previously President – Corporate Development & Strategy, has been re-designated as Chief Strategy Officer. In addition to his new role, he will also oversee the Human Resources function on an interim basis, indicating a closer alignment between strategy formulation and people management during the company’s transformation phase.

Mr. Tarun Behl, earlier Vice President – Manufacturing, has been re-designated as Vice President – Manufacturing & Projects, expanding his scope to include project execution responsibilities alongside manufacturing operations.

Further, Mr. Sai Amrutkumar Vegisetti, Chief Information Officer, has been included as a Senior Management Personnel and will oversee the Information Technology function. This inclusion highlights the growing importance of digital systems, data, and technology in supporting operational efficiency and scalability.

Profile of the New Chief Financial Officer

The appointment of Mr. Rajesh Choudhary as Chief Financial Officer brings extensive industry experience to Tilaknagar Industries Limited. He is a Chartered Accountant with over 29 years of professional experience, including more than 22 years in the alcoholic beverages industry. His career includes long stints in leadership roles across finance, planning, pricing strategy, and governance.

He has managed complex financial operations, large-scale P&Ls, and enterprise-wide transformation initiatives, including finance digitisation and integrated business planning. His experience in fund-raising, risk management, and cross-functional collaboration is expected to support Tilaknagar Industries as it navigates the next phase of growth following the Imperial Blue acquisition.

Regulatory Compliance and Corporate Governance

The company has stated that all disclosures have been made in accordance with SEBI Regulation 30 and the applicable SEBI Master Circular dated November 11, 2024. The authorised Key Managerial Personnel for determining material events and making disclosures to stock exchanges have also been reaffirmed by the Board.

Tilaknagar Industries Limited has emphasised that these leadership changes are part of good corporate governance practices and are intended to enhance organisational effectiveness, accountability, and compliance.

Strategic Context of the Leadership Changes

The acquisition of the Imperial Blue business represents a transformational milestone for Tilaknagar Industries. Integrating a large and established brand requires strong leadership alignment across finance, strategy, sales, manufacturing, legal, and technology functions. The current restructuring reflects the company’s proactive approach to ensuring that leadership capabilities are aligned with its expanded scale and strategic priorities.

By redefining roles and elevating experienced professionals to key positions, the company aims to create a management structure that can effectively manage complexity, drive synergies, and deliver sustainable value.

Impact on Investors and Market Perception

For investors tracking Tilaknagar Industries Limited news, the announcement provides clarity on leadership continuity and governance following a major acquisition. Transparent communication of management changes under SEBI Regulation 30 helps build investor confidence and reinforces trust in the company’s disclosure practices.

Leadership stability and clarity are often viewed as critical factors in successful post-acquisition integration, and the current changes signal the company’s preparedness to manage this transition effectively.

Conclusion

In summary, Tilaknagar Industries Limited has announced comprehensive changes in Key Managerial and Senior Management Personnel as part of an internal restructuring following the acquisition of the Imperial Blue business. The appointment of a new Chief Financial Officer, reassignment of responsibilities, and re-designation of senior leaders reflect a strategic effort to align leadership with evolving business needs.

Disclosed under SEBI Regulation 30, these changes underline the company’s commitment to transparency, strong corporate governance, and long-term value creation as it enters its next phase of growth.

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