AWL Agri Business Appoints Shrikant Kanhere as New MD & CEO
Filing Summary
AWL Agri Business Ltd announced significant changes to its senior management, effective November 4, 2025. The Board of Directors appointed Mr. Shrikant Kanhere, the former Chief Financial Officer, as the new Managing Director and CEO for a three-year term. Mr. Angshu Mallick, the outgoing MD & CEO, was re-designated as Executive Deputy Chairman until his current term expires on March 31, 2027. Mr. Saumin Sheth was appointed Whole Time Director and COO, while Mr. Pankaj Goyal was named Interim Chief Financial Officer. These appointments are subject to shareholder approval.
The Board of Directors of AWL Agri Business Ltd, formerly Adani Wilmar Limited, approved changes in its Senior Management and Key Managerial Personnel at a meeting held on November 3, 2025. The changes, based on the recommendation of the Nomination and Remuneration Committee, are effective from November 4, 2025. The board meeting commenced at 10:15 AM (IST) and concluded at 11:35 AM (IST).
Mr. Shrikant Kanhere was appointed as the Managing Director and Chief Executive Officer (CEO) of the company for a period of 3 years. In conjunction with this new role, Mr. Kanhere relinquished the post of Chief Financial Officer (CFO), effective from the close of business hours on November 3, 2025. The Board appointed Mr. Pankaj Goyal as the Interim Chief Financial Officer, categorized as a Key Managerial Personnel, starting November 4, 2025.
Mr. Angshu Mallick, the former Managing Director and CEO, was re-designated as the Executive Deputy Chairman of the company. This designation is effective from November 4, 2025, until the expiry of his current term on March 31, 2027. The filing states that the other terms and conditions of his appointment remain unchanged. Additionally, Mr. Kuok Khoon Hong’s designation was changed from Non-Executive Vice-Chairman to Non-Executive Director, effective November 4, 2025.
The Board also approved the appointment of Mr. Saumin Sheth as a Whole Time Director, designated as Executive Director and Chief Operating Officer (COO). This appointment is for a period of 3 years, commencing November 4, 2025. The appointments of Mr. Shrikant Kanhere as MD & CEO and Mr. Saumin Sheth as Whole Time Director are subject to the approval of the company’s shareholders.
Mr. Shrikant Kanhere is a qualified Chartered Accountant and Cost Accountant and has been associated with the company since 2013, serving as its CFO. Mr. Saumin Sheth has been with the company since 1999 and heads the sourcing of edible oils as well as the Oleochemicals, Castor, and seed crushing business units. Mr. Pankaj Goyal is a Chartered Accountant who has served as the company’s Finance Controller since 2019 and has been with the Adani Group since 2009.
The filing confirms that the individuals involved in these management changes are not debarred from holding the office of a Director by any SEBI order or other authority. It also states that Mr. Kuok Khoon Hong, Mr. Angshu Mallick, Mr. Shrikant Kanhere, and Mr. Saumin Sheth are not related to any other Director of the Company.
AWL Agri Business Ltd is a Food and FMCG company in India with a product portfolio that includes edible oils, wheat flour, rice, pulses, and sugar. The company’s operations also include business-to-business sales of products such as Oleochemicals, Castor Oil derivatives, and value-added Soya products for industrial use. AWL Agri Business Ltd operates manufacturing facilities and a distribution network across India.
