The Board of Directors, at its meeting held on 6th August 2026, which commenced at 2:48 p.m. and concluded at 3:44 p.m., approved the following appointments based on the recommendations of the Nomination and Remuneration Committee and Audit Committee:
Appointment of Mr. Chaitanya Rathi
- Mr. Chaitanya Rathi (DIN: 07705302) was appointed as an Additional Non-Executive Non-Independent Director of the Company, effective 6th August 2026.
- His term is liable for retirement by rotation.
- This appointment is subject to the approval of the Members of the Company within a time period of three months from the date of appointment.
- The Company confirms that Mr. Chaitanya Rathi is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other competent authority.
- The Board approved seeking shareholder approval for his regularisation as a Non-Executive Non-Independent Director via a Postal Ballot, in accordance with the Companies Act, 2013 and Regulation 17(1C) of the SEBI Listing Regulations.
Appointment of Ms. Rinku More
- Ms. Rinku More was appointed as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company, effective 6th August 2026.
- This formalizes her previous appointment as Chief Financial Officer Designate and Senior Management Personnel, which was effective 15th July 2026, as intimated under Regulation 30 on 19th May 2026. This earlier appointment followed the resignation of Mr. Abhishek Kapoor as CFO and KMP, effective close of business hours on 14th July 2026.
Postal Ballot Notice
- The Board also approved the Notice of Postal Ballot to seek shareholder approval for two matters related to Mr. Rathi:
- (i) Approval for his appointment as Non-Executive Non-Independent Director.
- (ii) Approval for payment of commission to him as a Non-Executive Non-Independent Director.
- The Notice and relevant documents will be circulated to shareholders and submitted to the stock exchanges in due course.
Director and KMP Details (Annexure A)
- Mr. Chaitanya Rathi: He is not related to any Directors or Key Managerial Personnel of the Company.
- Ms. Rinku More: She is not related to any other Director of the Company.
Brief Profiles (Annexure 1)
- Mr. Chaitanya Rathi: An operator, investor, and entrepreneur with over 20 years of experience in Consumer, Alcobev, Fintech, and Hospitality. He has a prior history with Sula Vineyards, including a role as Chief Operating Officer from 2019 to 2023 where he led the company through its IPO. He is the Founder of Searchlight ETA, an Entrepreneurship Through Acquisition platform. He holds an MBA from INSEAD.
- Ms. Rinku More: A qualified Chartered Accountant with over 11 years of experience. She commenced her career with Haribhakti & Co. LLP and has been with Sula Vineyards for 8 years, holding multiple progressive roles in finance. Her appointment as CFO Designate on 19th May 2026 was part of the Company's succession planning.
The information has been made available on the company's website at https://sulavineyards.com/investor-relations.php.