Tushar Bhandari has officially resigned from his position as Chief Financial Officer (CFO) of Associated Alcohols & Breweries Limited, effective November 8, 2025. This decision was communicated to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the announcement, Bhandari's resignation is due to preoccupation with other commitments, though he will continue to serve as the Whole Time Director of the company.

In his resignation letter, Bhandari expressed gratitude for the opportunity he had to serve as CFO and confirmed that there are no disagreements with the board or management regarding his departure. This transition comes at a time when Associated Alcohols is navigating various market challenges, and the company's leadership will need to ensure a smooth continuation of financial oversight. The board has acknowledged his resignation and will process the necessary documentation as required by the Registrar of Companies in Madhya Pradesh.

Bhandari’s departure marks a notable change in the leadership team of Associated Alcohols & Breweries. As the company continues its operations from its registered office in Indore and its plant in Khargone, stakeholders will be keenly observing how this shift impacts the firm’s financial strategies and overall performance in the competitive alcohol and beverage industry.