Radico Khaitan elevates CFO Dilip Banthiya to Board as Executive Director

Management change
Brew/Distilleries

Blacklitt Research27 October 20262 min read

Radico Khaitan (NSE: RADICO) has approved the appointment of Chief Financial Officer Dilip Kumar Banthiya as an Additional Director in the category of Whole-time Director, designated Executive Director and Chief Financial Officer, and the designation of Saket Somani as Deputy Chief Financial Officer, it said in a filing on 27 Oct 2026. Both take effect on 28 Oct 2026.

The two appointments in detail

Banthiya's appointment as Additional Director is for three years and is liable to retire by rotation. It is subject to the approval of the shareholders, and the filing does not give a date for that vote.

Somani is already a Senior Management Personnel under Regulation 16(1)(d) of the SEBI Listing Regulations, and the company says his new designation formalises his enhanced role rather than inducting him into senior management. He is a Chartered Accountant who joined the company in 2020 and has around 20 years of experience. Banthiya has over 35 years of experience and has been with the company for over 18 years.

According to the press release, the Executive Director and CFO will provide Board-level oversight of financial direction and governance, while the Deputy CFO will lead financial planning, investor engagement and digital transformation. Managing Director Abhishek Khaitan says the appointments extend the company's practice of elevating leaders who have grown with it to the Board.

How it fits the company

The filing is one of two Radico filings on 27 Oct 2026, the other being its results for the quarter and half year ended 30 Sep 2026. The latest quarter, Q1 FY27 on a consolidated basis, showed total income of ₹5,869.46 crore, up 10.4% year on year, and net profit of ₹222.43 crore, up 71.4%. The appointments are not linked to those results in the filing.

What the CFO appointment means for Radico Khaitan's shareholders

The change moves the CFO onto the Board and creates a Deputy CFO role below him, with no change in the company's capital or ownership stated in the filing. The shareholders must still approve Banthiya's appointment as Director.

Not stated: who will succeed Banthiya as CFO, his remuneration as Executive Director, and any change in Somani's pay. The next dated step is the shareholder approval, for which no date is given.

At a glance

Item	Detail
Dilip Kumar Banthiya	Additional Director, Whole-time Director, Executive Director and CFO, from 28 Oct 2026 for 3 years
Saket Somani	Deputy Chief Financial Officer from 28 Oct 2026
Banthiya DIN	02063610
Filing date	27 Oct 2026

Reference: Original filing (PDF)

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