Management Change21 May 2026, 07:01 pm
Allied Blenders: Alok Gupta Steps Down, Amar Sinha Appointed MD
AI Summary
Allied Blenders and Distillers Ltd announced that Alok Gupta will step down as Managing Director & KMP, effective May 31, 2026. Amar Sinha, previously appointed as Managing Director-Designate, will assume the role of Additional Director and Managing Director & KMP from June 1, 2026, for a three-year term ending May 31, 2029, subject to shareholder approval. Sinha is not related to any company directors and is authorized as a KMP for determining materiality of events and disclosures to stock exchanges.
Key Highlights
- Alok Gupta to step down as Managing Director & KMP on May 31, 2026.
- Amar Sinha appointed as Additional Director and Managing Director & KMP effective June 1, 2026.
- Sinha's appointment is for a 3-year term, subject to shareholder approval.
- Amar Sinha will be authorized as KMP for determining materiality of events.
- Board Meeting on May 21, 2026, approved the management changes.
Price Impact
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