CFO Rajesh Choudhary resigns; Anil Singal, Deputy CFO, included as Senior Management Personnel

CFO change: Mr. Rajesh Choudhary resigned as Chief Financial Officer effective close of business on October 08, 2026, to pursue external career opportunities; he stays in the Company's employment.

Thu 8 Oct 2026

CFO Resignation Effective Date

close of business hours on October 08, 2026

Deputy CFO Overseeing Finance & Accounts

Mr. Anil Singal, Deputy Chief Financial Officer, included as Senior Management Personnel, with immediate effect

Reason for Resignation

to pursue external career opportunities

What the update says

Tilaknagar Industries has disclosed a change in its Key Managerial Personnel and Senior Management: the Chief Financial Officer is stepping down and the Deputy Chief Financial Officer is being given charge of the finance function.

• Mr. Rajesh Choudhary has tendered his resignation from the position of Chief Financial Officer of the Company with immediate effect, in pursuit of external career opportunities.
• His cessation as a Key Managerial Personnel (KMP) and Senior Management Personnel (SMP) is with effect from the close of business hours on October 08, 2026.
• He shall continue to remain in employment of the Company.

Who takes charge of Finance & Accounts

• Upon the recommendation of the Nomination and Remuneration Committee (NRC), the Board of Directors, by a circular resolution dated October 08, 2026, has considered and approved the inclusion of Mr. Anil Singal, Deputy Chief Financial Officer, as a Senior Management Personnel.
• His role is to oversee the Finance & Accounts (F&A) function with immediate effect; the effective date given is October 09, 2026.
• Mr. Singal is a qualified Chartered Accountant and brings over 27 years of experience, with deep expertise in the Alco-Bev industry, where he has handled multiple senior leadership level roles.
• His career path: he began with Whyte & Mackay, moved to Radico Khaitan in 2005, then Allied Blenders and Distillers in 2015, and most recently was working as Chief Financial Officer with Jagatjit Industries.
• His exposure spans Corporate Accounting, Direct and Indirect Taxation, working with investors and fund-raising, as well as a stint of leading Supply Chain across his career span.

What happens next

• The Nomination & Remuneration Committee will identify and recommend to the Board a new Chief Financial Officer for appointment in due course of time.
• In his resignation letter, Mr. Choudhary has said he will ensure a smooth transition of his responsibilities and extend all necessary support during the notice period to facilitate an orderly handover. The resignation is marked as accepted and to be relieved as per company norms.

How to read this

• A Chief Financial Officer exit is a change in a key managerial position, and the update sets out both the exit and the internal arrangement for the finance function.
• The disclosed reason is the officer's pursuit of his own career opportunities, and he continues in the Company's employment.
• For investors tracking management stability, the data points to note are the cessation date, the person now overseeing Finance & Accounts, and the appointment of a new CFO, which the NRC will recommend to the Board in due course.

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