STOCKWATCH
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Breweries & Distilleries
Board Meeting20 Mar 2026, 06:31 pm

Sula Vineyards Receives Central Government Approval for Rajeev Samant's Re-Appointment as MD and CEO

AI Summary

Sula Vineyards Ltd. has received approval from the Central Government for the re-appointment of Mr. Rajeev Samant as the Managing Director and Chief Executive Officer for a period of three years, effective from 1st April, 2026 to 31st March, 2029. This approval comes after the Board's approval in November 2025 and the shareholders' approval through Postal Ballot in December 2025. Mr. Samant, a non-resident under the applicable provisions, required Central Government approval for his re-appointment, which has now been granted.

Key Highlights

  • Sula Vineyards receives Central Government approval for Rajeev Samant's re-appointment as MD and CEO.
  • Re-appointment is for a period of three years, from 1st April, 2026 to 31st March, 2029.
  • Re-appointment follows approval from the Board in November 2025 and shareholders through Postal Ballot in December 2025.
  • Rajeev Samant is a non-resident under the applicable provisions.
  • Central Government approval was necessary for the re-appointment.
SULA
Breweries & Distilleries
Sula Vineyards Ltd

Price Impact