Jagatjit Industries accepts HR Director resignation

1 min read Updated on 22 Jul 2026, 07:44 PM

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Suketu GScanX News Team

AI Summary

Jagatjit Industries Limited accepted the resignation of Director - HR Shashi Bhushan Singh, effective July 21, 2026. Singh resigned to pursue opportunities outside the Group, having submitted his resignation via email on July 20, 2026. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

*this image is generated using AI for illustrative purposes only.

Jagatjit Industries Limited has accepted the resignation of Mr. Shashi Bhushan Singh from the position of Director - HR, effective July 21, 2026. The departure follows his decision to pursue a career outside the Group, as disclosed in a regulatory filing submitted to the BSE Limited.

The company's management accepted the resignation on July 21, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in compliance with the SEBI Master Circular dated November 11, 2024.

Mr. Singh had initially submitted his resignation via email on July 20, 2026. In his communication, he expressed gratitude for the opportunities and experience gained during his tenure and committed to ensuring a smooth handover of duties during the notice period.

The following table summarizes the key details regarding the change in senior management personnel:

Particulars	Details
Name	Mr. Shashi Bhushan Singh
Designation	Director - HR (Senior Management Personnel)
Reason for Resignation	Pursuing career out of the Group
Date of Resignation	July 20, 2026
Date of Cessation	July 21, 2026

The filing was signed by Roopesh Kumar, Company Secretary of Jagatjit Industries Limited. The company has requested the exchange to place the information on record.

Historical Stock Returns for Jagatjit Industries

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.31%	-1.08%	-7.68%	+3.23%	-37.95%	+66.82%

Who will be appointed as the successor to oversee the HR function during this transition?

What impact will this leadership change have on Jagatjit Industries' ongoing talent retention strategies?

Is the company planning to restructure its HR department following this sudden exit?

Q4 Financial Performance

The company's consolidated net loss expanded to ₹16.69 crore in Q4FY26, compared to a net loss of ₹6.82 crore in the same quarter of the prior year. Simultaneously, revenue from operations contracted to ₹108.54 crore from ₹159.56 crore recorded in the corresponding quarter of the previous year. For the full year, the company reported a net profit of ₹9.89 crore, a turnaround from the net loss of ₹23.45 crore in FY25, while annual revenue decreased to ₹475.85 crore from ₹670.34 crore.

The following table summarizes the key financial metrics for the quarter and year:

Metric:	Q4FY26 (Audited)	Q4FY25 (Audited)	FY26 (Audited)	FY25 (Audited)
Total Income from Operations (Consolidated):	₹10,854 lacs	₹15,956 lacs	₹47,585 lacs	₹67,034 lacs
Net Profit / (Loss) for the period after tax (Consolidated):	(₹1,669 lacs)	(₹682 lacs)	₹989 lacs	(₹2,345 lacs)
Total Income from Operations (Standalone):	₹10,854 lacs	₹15,956 lacs	₹47,585 lacs	₹67,034 lacs
Net Profit / (Loss) for the period after tax (Standalone):	(₹1,664 lacs)	(₹666 lacs)	₹1,006 lacs	(₹2,328 lacs)

Key Takeaways

Net loss widened from ₹6.82 crore to ₹16.69 crore on a consolidated basis year-on-year for the quarter.
Revenue declined from ₹159.56 crore to ₹108.54 crore over the same comparative period.
The company returned to annual profitability with a net profit of ₹9.89 crore for FY26, compared to a loss in the previous year.
Basic EPS for the year stood at ₹2.11, compared to a loss of ₹5.01 per share in FY25.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 28, 2026.

Historical Stock Returns for Jagatjit Industries