Allied Blenders and Distillers Limited — Others, 18-03-2025: Shareholders meeting

Allied Blenders and Distillers Limited has announced the results of a postal ballot, where shareholders approved several resolutions with requisite majorities. The key outcomes include the approval of the ABD Employee Stock Option Scheme 2024, granting stock options up to 1.5% of the issued capital to identified employees, and the re-appointment of Mr. Shekhar Ramamurthy as Executive Deputy Chairman with revised remuneration starting September 1, 2024. Additionally, there will be remuneration revisions for Mr. Alok Gupta and Mr. Arun Barik effective as of September 1, 2024, and April 1, 2024, respectively. This could enhance employee motivation and align interests more closely, fostering a positive outlook among investors.