Management Change21 May 2026, 07:11 pm
Allied Blenders: Alok Gupta to Step Down as MD
AI Summary
Allied Blenders and Distillers Ltd announced that Mr. Alok Gupta, Managing Director & KMP, will step down effective May 31, 2026. Mr. Amar Sinha, previously appointed as Managing Director-Designate, is proposed to be appointed as an Additional Director and Managing Director & KMP from June 1, 2026, for a 3-year term, subject to member approval. Mr. Sinha is not related to any company directors and is authorized as a KMP for determining materiality of events.
Key Highlights
- Alok Gupta to step down as MD & KMP of Allied Blenders, effective May 31, 2026.
- Amar Sinha proposed as Additional Director and MD & KMP from June 1, 2026.
- Sinha's appointment is for 3 years, ending May 31, 2029, pending member approval.
- Amar Sinha is not related to any directors and is authorized as a KMP.
- Board meeting on May 21, 2026, approved the management change.
Price Impact
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