Allied Blenders and Distillers Limited — Others, 23-05-2025: Shareholders meeting

Allied Blenders and Distillers Limited has announced a postal ballot to seek shareholder approval for three key proposals. The company plans to extend its Employee Stock Option Scheme 2024 to eligible employees in current and future subsidiaries, authorizing issuance of up to 1.39 Cr stock options to enhance talent retention. It also seeks re-appointment of Mrs. Resham Chhabria J Hemdev as Vice Chairperson with annual pay up to Rs. 3.83 Cr, focusing on Corporate Social Responsibility, and Mr. Arun Barik as Executive Director with annual pay of Rs. 2.73 Cr, responsible for acquisitions and product innovation. These approvals will support governance stability and strategic growth.