Allied Blenders and Distillers Limited announced board approvals for the re-appointment of Mr. Balaji Vishwanathan Swaminathan as Independent Director for a second five-year term and the continuation of Mr. Nasser Mukhtar Munjee’s directorship. The company also approved revisions in remuneration for Mrs. Resham Chhabria J Hemdev and commission for Non-Executive Directors, alongside ratifying cost auditor remuneration. These decisions are subject to shareholder approval via postal ballot.
Key Director Re-appointments Approved
The Board of Directors of Allied Blenders and Distillers Limited, at its meeting held on October 27, 2026, has approved several significant appointments and remuneration adjustments, pending shareholder consent. Mr. Balaji Vishwanathan Swaminathan has been re-appointed as an Independent Director for a second term of five consecutive years, commencing from February 3, 2027, and concluding on February 2, 2032. He will not be liable to retire by rotation.
Additionally, the Board approved the continuation of Mr. Nasser Mukhtar Munjee’s directorship as an Independent Director. This continuation will extend beyond his attainment of 75 years of age, up to the expiry of his current term on October 10, 2029.
Remuneration Adjustments and Shareholder Approval
The Board also considered and approved a revision in remuneration for Mrs. Resham Chhabria J Hemdev, Whole-time Director and Vice Chairperson, effective from April 1, 2026. Furthermore, approval was granted for the payment of commission to Non-Executive Directors, excluding Promoter Directors. The remuneration for Cost Auditors for the Financial Year ending March 31, 2027, has also been ratified.
To implement these decisions, the company will circulate a Notice of Postal Ballot, allowing shareholders to cast their votes through remote e-voting. This process ensures shareholder participation in key governance and financial decisions concerning the company’s leadership and compensation structures.
Source: BSE
