1. Appointment of Mr. Sunil Lobo

  • Role: President & Head - India Sales
  • Categorization: Senior Management Personnel
  • Effective Date: December 1, 2026
  • Reason for Change: Appointment upon the movement of Mr. Punit Gupta into the position of President & Head – Strategy & Business Transformation.
  • Term: Terms of appointment as recommended by the Nomination and Remuneration Committee and approved by the Board of Directors, from time to time.
  • Profile: Mr. Sunil Lobo is an experienced FMCG leader with a track record of turnaround success, strategic execution, and building high-performing teams. He brings strong sales experience of 25+ years, spanning across Balsara, Tata Global Beverages and HCCB. He has worked across geographies and various facets of Sales (GT, MT, Sales strategy). In his current role as Chief Operations Officer at Swire Coca-Cola, Vietnam, he is responsible for leading the overall company and commercial strategy to drive strong in-market delivery. His charter includes sales and commercial execution across all revenue-generating functions including Commercial Planning, Sales Management, RTM, RGM, and Commercial Capability. He has a prior connection with Tata Global Beverages, where he served as Regional Business Head for West India from 2009–2012. He holds an executive MBA from IIM Ahmedabad and an MBA from Mumbai University.
  • Disclosure of Relationships: Not Applicable (N.A.)

2. Cessation of Mr. Mahesh Israni

  • Role: Head - Business Integration & Transformation
  • Categorization: Senior Management Personnel
  • Effective Date: January 31, 2027
  • Reason for Change: Retirement
  • Profile: Not Provided (N.A.)
  • Disclosure of Relationships: Not Applicable (N.A.)

Compliance and Disclosure

  • The details are provided in Annexure I as required by Regulation 30 read with Schedule III - Para A of Part A of the SEBI Listing Regulations and relevant SEBI Circulars.
  • The disclosure is signed by Delnaz Dara Harda, Company Secretary & Compliance Officer (Membership No.: ACS 73704).

Financial and Operational Impact

The disclosure does not quantify any specific financial or operational impact resulting from these management changes.