Executive Director & CFO re-designated Deputy Managing Director; new CFO appointed from 1 October 2026

Board approves senior management rejig effective 1 October 2026.

Tue 29 Sep 2026

Mr. N. Venkataraman Re-designation

Re-designated Deputy Managing Director effective 1 October 2026 up to 29 July 2030, subject to shareholders' approval

Mr. Ramamurthy Jayaraman Appointment

Appointed Chief Financial Officer and Key Managerial Personnel effective 1 October 2026

Mr. Venkataraman Experience

Around 4 decades of experience, with Britannia since April 2007

Mr. Jayaraman Experience

Chartered Accountant and Company Secretary with over 22 years of experience, last 15 years with Britannia

What was approved

The Board met on 29 September 2026 and approved two senior management changes, both effective 1 October 2026, based on the Nomination and Remuneration Committee's recommendation and the Audit Committee's approval.

• Mr. N. Venkataraman (Whole-Time Director, designated Executive Director and Chief Financial Officer) is appointed and re-designated as Deputy Managing Director for the balance period of his existing term, i.e. up to 29 July 2030, liable to retire by rotation, on terms including remuneration approved by the Board, subject to approval of the Members.
• He ceases to be Chief Financial Officer but continues as Whole-Time Director and Key Managerial Personnel. He will be responsible for Finance, Strategy, Legal, Secretarial and IT, working with Mr. Rakshit Hargave, CEO and Managing Director, to drive the company's transformation agenda.
• Mr. Ramamurthy Jayaraman, Vice President – Corporate Finance, is appointed Chief Financial Officer and Key Managerial Personnel, heading the entire Finance function covering financial planning & analysis, taxation, treasury, shared services and business commercial.

Backgrounds

• Mr. Venkataraman has around 4 decades of experience and has been with Britannia since April 2007. He previously headed Finance for the two-wheeler and commercial vehicle businesses of Eicher Motors, and began his career at Hindustan Aeronautics Limited.
• Mr. Jayaraman is a Chartered Accountant and Company Secretary with over 22 years of experience, of which the last 15 years have been with Britannia. He earlier worked with PwC and Deloitte, leading audits of listed and unlisted corporates.

Other points

• Mr. Venkataraman is not related to any Director and is not debarred from holding office of Director by any SEBI or other authority order.
• The list of Key Managerial Personnel authorised to determine materiality and make exchange disclosures now comprises the CEO & MD, the Deputy Managing Director, the CFO and the Company Secretary & Compliance Officer.
• The Board Meeting commenced at 3:45 P.M. IST and concluded at 4:15 P.M. IST.

How to read it

This is an internal leadership transition rather than an exit: the long-serving finance head moves up to a Deputy Managing Director role with a wider remit, while an internal finance veteran steps into the CFO seat. The Deputy Managing Director appointment still requires shareholder approval.

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