Pioneer Distilleries Limited announced that Board of Directors at their meeting held i.e., 28th November 2022 noted and accepted the resignation of Mr. Gopal Kothari, CFO with effect from 30th November 2022 and appointed Mr. Ashok Arora as CFO with effect from 1st December 2022. It may be noted that the appointee's terms of appointment will cease from the effective date of their resignation or due to retirement or due to cessation from the services of the organisation for whatsoever reason. Mr. Ashok Arora is not related to any directors of the Company.

Ashok Arora is a qualified Chartered Accountant (ICAI) with over 21 years of experience. He is presently working as Vice President ­ Treasury in United Spirits Limited. He served as Chief Financial Officer of Royal Challenge Sports Pvt Ltd. which is wholly owned subsidiary of USL.

He has been associated with USL for more than 18 years and was into multiple roles across length & breadth of business. Prior to joining USL, he was working as Finance Manager with Greenfield Online Pvt Ltd.