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

CFO Rajesh Choudhary has resigned with effect from the close of business hours on October 08, 2026, to pursue external career opportunities.

Thu 8 Oct 2026

CFO Resignation Effective Date

close of business hours on October 08, 2026

Successor Arrangement

Deputy CFO Anil Singal included as a Senior Management Personnel to oversee Finance & Accounts function

Successor Experience

qualified Chartered Accountant with over 27 years of experience

What the company has informed

Tilaknagar Industries has informed the exchanges that Mr. Rajesh Choudhary has tendered his resignation from the position of Chief Financial Officer, with effect from the close of business hours on October 08, 2026. The stated reason is pursuit of external career opportunities. With that, he ceases to be a Key Managerial Personnel (KMP) and Senior Management Personnel (SMP) of the company.

Mr. Choudhary will continue to remain in employment of the Company.

The handover and the arrangement put in place

• The Nomination & Remuneration Committee will identify and recommend to the Board a new Chief Financial Officer for appointment in due course of time.
• 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, to oversee the Finance & Accounts (F&A) function, with immediate effect.
• Annexure B of the update records the effective date for Mr. Anil Singal as October 09, 2026.

A quick look at Mr. Anil Singal, as described in the update:

• A qualified Chartered Accountant with over 27 years of experience.
• Deep expertise in the Alco-Bev industry, where he has handled multiple senior leadership level roles.
• He began his career with Whyte & Mackay, moved to Radico Khaitan in 2005, then to Allied Blenders and Distillers in 2015, and most recently was working as Chief Financial Officer with Jagatjit Industries.
• He has diverse exposure to 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.

How to read this

A change at the CFO level is a management event that investors generally track, because the finance head is closely involved with accounts, audit, fund-raising and investor communication. In this case, the update states that the outgoing CFO will continue to remain in the employment of the company, and that the Deputy Chief Financial Officer has been included as a Senior Management Personnel to oversee the Finance & Accounts function. The identification of a new CFO is to be done by the Nomination & Remuneration Committee, which will recommend a candidate to the Board.

The resignation letter annexed to the update, dated 08 Oct 2026, states that the outgoing CFO will ensure a smooth transition of his responsibilities, extend necessary support during the notice period to facilitate an orderly handover, and that his relief is subject to completion of the necessary transition and handover formalities.

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