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Allied Blenders and Distillers Limited has approved significant capital contributions and financial assistance to its subsidiary Minakshi Agro Industries LLP for a new bottling facility and land acquisition, alongside modifications to earlier capex commitments. The company also announced a CFO transition, with Jayant Manmadkar moving to Group Finance Director and Ramakrishnan Ramaswamy resuming as CFO.
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Allied Blenders and Distillers Limited (ABD) announced key strategic and leadership decisions at its Board meeting held on January 29, 2026. The measures are aimed at strengthening subsidiary Minakshi Agro Industries LLP (MAILLP) and enhancing the company’s long-term growth trajectory.
Key Highlights:
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Approval of capital contribution and financial assistance up to ₹54 Crores for MAILLP to establish a state-of-the-art bottling facility. The investment will be structured as 25% capital contribution and 75% corporate guarantee for debt financing.
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Sanction of additional capital contribution of ₹8 Crores for procurement of land required for the project.
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Modification of earlier approved capex of ₹240 Crores, with financial support of ₹225 Crores now to be extended through corporate guarantee instead of direct capital contribution.
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MAILLP, incorporated in January 2022 and engaged in grain spirit manufacturing at Aurangabad, reported turnover of ₹1,589.64 Lakhs for FY25. The transactions fall under related party dealings but are confirmed to be at arm’s length. The acquisition is expected to be completed by October 31, 2026..
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Leadership changes were also announced. Jayant Manmadkar will step down as CFO effective February 1, 2026, transitioning into the newly created role of Group Finance Director to drive capital investments, digital transformation, and global M&A initiatives. Former CFO Ramakrishnan Ramaswamy will resume as CFO and KMP from February 2, 2026.
Sources: Allied Blenders and Distillers Limited regulatory filing, SEBI Listing Regulations disclosure
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