Sula Vineyards Appoints Chaitanya Rathi as Director, Rinku More as CFO
Sula Vineyards appointed Mr. Chaitanya Rathi as Additional Non-Executive Non-Independent Director and Ms. Rinku More as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), both effective August 6, 2026. Mr. Rathi has prior experience with Sula and the alcobev sector. Ms. More is a Chartered Accountant with over 11 years of experience.
Changes in key management and board composition can have a medium-term impact on company strategy and operations.
The appointments of experienced individuals to key leadership roles are generally viewed positively, indicating stability and strategic growth for the company.
Sula Vineyards Limited announced significant changes in its management following a Board of Directors meeting held on Thursday, 6th August, 2026.
Mr. Chaitanya Rathi has been appointed as an Additional Non-Executive Non-Independent Director, effective from 6th August, 2026. This appointment is subject to the approval of the Company's Members within three months and is liable to retire by rotation. The Board also approved seeking shareholder approval for his regularization as a Director through a Postal Ballot. Mr. Rathi brings over 20 years of experience in building and scaling high-growth businesses and has had two previous leadership tenures at Sula Vineyards, including as Chief Operating Officer from 2019 to 2023, during which he led the company's IPO. He is not related to any other Directors or Key Managerial Personnel and is not debarred from holding a director's office by any authority.
Ms. Rinku More has been appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company, also effective from 6th August, 2026. This formalizes her earlier appointment as CFO Designate and Senior Management Personnel, which was effective from 15th July, 2026, following the resignation of the previous CFO. Ms. More is a qualified Chartered Accountant with over 11 years of experience in finance, audit, and risk assurance. She has been with Sula Vineyards for 8 years, holding various progressive roles within the finance function.
The Board also approved the Notice of Postal Ballot for seeking shareholder approval for Mr. Rathi's appointment and the payment of commission to him as a Non-Executive Non-Independent Director. The meeting of the Board of Directors commenced at 2:48 p.m. and concluded at 3:44 p.m.
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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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