Allied Blenders and Distillers Limited — Important, 13-02-2025: General Updates

Allied Blenders and Distillers Limited has posted key updates regarding the approval of a Postal Ballot Notice, focusing on several strategic business resolutions.

The Board has sought member approval for the **ABD Employee Stock Option Scheme 2024**, which aims to grant up to **1,39,85,508 (1.39 crore)** stock options to identified employees as a means to incentivize and retain talent. Notably, the scheme includes provisions for employees outside of the promoter group, with adjustments for corporate actions.

Additionally, the board is looking to reappoint **Mr. Shekhar Ramamurthy** as Executive Deputy Chairman along with a remuneration revision from **INR 3.06 crore** to **INR 5.10 crore** effective September 2024. Similarly, the remuneration for **Mr. Alok Gupta**, the Managing Director, will be revised from **INR 10.55 crore** to **INR 11.50 crore** from September 2024. Lastly, the board proposes remuneration for **Mr. Arun Barik**, increasing his CTC from **INR 2.53 crore** to **INR 2.73 crore** effective April 2024.

These resolutions collectively enhance corporate governance, align incentive structures to performance, and seek to bolster leadership continuity in a competitive market environment. Investors may view these moves as fostering a **positive outlook** for company stability and operational performance.