Associated Alcohols Reappoints Tushar Bhandari as Director

Associated Alcohols & Breweries Limited

Key Decision and Effective Date

The Board of Directors of Associated Alcohols & Breweries Limited, at its meeting held on November 12, 2026, approved the reappointment of Mr. Tushar Bhandari (DIN: 03583114) as Whole-time Director of the company. The reappointment is for a period of three years, effective from January 5, 2027.

Approval Process

The reappointment was based on the recommendations of the company's Nomination and Remuneration Committee. The appointment is subject to approval by the company's members (shareholders) through a postal ballot process.

Director Profile and Qualifications

Mr. Tushar Bhandari specializes in finance with over 20 years of experience, including previous work as an Investment Banker. He has over 15 years of specific experience in the liquor industry, contributing significantly to business and brand development, as well as operations management.

Regulatory Compliance Status

The disclosure confirms that Mr. Tushar Bhandari is not debarred from holding the office of Director by virtue of any SEBI order or any other authority, in compliance with BSE Circular LIST/COMP/14/2018-19 and NSE Circular NSE/CML/2018/24, both dated June 20, 2018.

Financial Impact

No financial impact or remuneration details are quantified in this disclosure.