Sula Vineyards: Abhishek Kapoor Resigns as CFO; Rinku More Appointed as CFO Designate Effective July 15, 2026
Abhishek Kapoor has resigned from his position as CFO and Key Managerial Personnel of Sula Vineyards, effective 14th July, 2026. The Board has approved the appointment of Ms. Rinku More as the Chief Financial Officer Designate, effective 15th July, 2026. Formal approval for Ms. More's appointment is pending at a future board meeting in Q2 of FY 26-27.
Changes in key management positions can have a moderate impact on the company's operations and investor perception.
The announcement details a change in key management personnel, with a resignation and subsequent appointment. These are routine business operations and do not inherently indicate a positive or negative outlook.
Sula Vineyards Limited announced the resignation of Mr. Abhishek Kapoor from the position of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The resignation will be effective from the close of business hours on 14th July, 2026, as noted by the Board on 19th May, 2026. Mr. Kapoor is resigning to pursue a career opportunity outside the organization. He will continue to serve as CFO and KMP until his cessation date. 19th May, 2026. Mr. Kapoor is resigning to pursue a career opportunity outside the organization. He will continue to serve as CFO and KMP until his cessation date.
As part of its succession planning, the Board of Directors has approved the appointment of Ms. Rinku More as the Chief Financial Officer Designate, effective 15th July, 2026. This decision, made via Circular Resolution on 19th May, 2026, follows the recommendation of the Nomination and Remuneration Committee. Ms. More's appointment as CFO and KMP is pending formal approval at a Committee/Board Meeting proposed for Q2 of FY 26-27. Ms. More has been with Sula Vineyards for 8 years, handling various finance roles.
The company has affirmed that details regarding Ms. Rinku More’s appointment, along with Mr. Abhishek Kapoor's resignation letter, are disclosed in the provided annexures. This information will also be available on the company website.
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Sula Vineyards Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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