Pranay Aneja takes charge as MD of SDL

SANJAY AGARWAL

RANGPO, December 16: After almost one year of management feud that had forced the State government to intervene, the Sikkim Distilleries Limited (SDL) finally got a new full fledged managing director, Pranay Aneja who took charge from today in the oldest distillery of the State.

A management feud in the distilleries that reached the court last year in October had caused considerable anxiety for the State Government which owns 49 per cent shares in the SDL that produces quality liquor that has earned itself several awards and name for itself globally.

Between the dispute, the State Government had decided to give the unit on lease following which Aneja took charge as the new managing director of SDL from today.
Speaking to this Correspondent, the new managing director promised to make SDF a profitable venture. He said that the management has target to revamp several existing system and procedures in near future. More new brands will be added to already existing 20 brands of our products, he said.

The fresh life in SDL is expected to be infused from the New Year.

It may be recalled that a feud between the SDL partners Kunwar Onkar Singh and Harish Aneja had taken legal colour in October last with latter leveling several charges against the MD on an agreement signed between the two.

The lower court had restrained Singh who was absconding then from functioning as the MD and had also restrained the agents, representatives or any person acting under his instruction or behalf from transferring his or his nominee shares of the distilleries to any other person and or third party.

The State Government owns 49 per cent shares in the SDL that produces quality liquor that has earned itself several awards and name for itself globally. Further, the state government is also the custodian of the public shares and holds the responsibilities to look after the interest of the public shares. The state government has two officials in the Board of Directors.

Further, the state government also nominates the Chairman of the SDL.

source: sikkim express