Management Change5 Jun 2026, 06:53 pm
Alok Gupta Steps Down as MD of Allied Blenders and Distillers
AI Summary
Allied Blenders and Distillers Ltd announced that Mr. Alok Gupta will be stepping down as Managing Director and Key Managerial Personnel (KMP) effective May 31, 2026. This comes before the end of his tenure, which was set to conclude on August 31, 2026. The company also announced the appointment of Mr. Amar Sinha as Additional Director and Managing Director & KMP, effective June 1, 2026, for a period of three years, subject to shareholder approval. Mr. Sinha is not related to any existing directors and is not debarred from holding a directorship.
Key Highlights
- Mr. Alok Gupta resigns as Managing Director before tenure end.
- Mr. Amar Sinha appointed as new Managing Director & KMP.
- Appointment of Mr. Sinha is for a 3-year term starting June 1, 2026.
- Shareholder approval is required for Mr. Sinha's appointment.
Price Impact
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