Sula Vineyards Limited — Others, 12-11-2024: Appointment

Mr. Chetan Desai has decided to step down as Non-Executive Chairman of Sula Vineyards, effective December 15, 2024, but will continue as a Non-Executive Independent Director. Mr. Alok Vajpeyi will assume the role of Non-Executive Chairman from the same date. Additionally, Ms. Sangeeta Tanwani has been re-appointed as a Non-Executive Independent Director. This leadership change reflects strategic succession planning, potentially reassuring investors about continuity at the top. The re-appointments may bolster governance and support long-term growth, presenting a positive outlook for shareholder value.