At its board meeting held on 11th May, 2026, Jagatjit Industries announced a comprehensive set of strategic developments spanning product expansion, operational restructuring, debt management, and senior leadership changes. The meeting commenced at 1.00 P.M. and concluded at 2.10 P.M., with the board considering and noting several key initiatives for the company's near and long-term growth.

Premium Single Malt Whisky Launch Planned for FY 2026-27

The board considered and took note of a proposal for the development and launch of a Premium Single Malt Whisky in the current financial year 2026-27. This move signals the company's intent to expand its product portfolio into the premium spirits segment, though no further financial details regarding the launch were disclosed at this stage.

Operational Model Shift in Chhattisgarh

As part of its long-term strategy, the board approved a transition from a franchisee-operated model to a company-operated model in the State of Chhattisgarh, effective from FY 2026-27. The company indicated that this shift is aimed at achieving better volumes and margins in the state.

Significant Debt Reduction Achieved

Jagatjit Industries disclosed a notable reduction in its outstanding debt obligations through the part prepayment of a Term Loan taken from IndusInd Bank. The following table summarises the debt position:

The company stated that this strategic step is aimed at strengthening the balance sheet, improving leverage ratios, and enhancing long-term financial stability.

Working Capital Support from Promoter-Held Entities

The board noted that the company has received inter-corporate deposits from promoter-held entities to meet its working capital requirements. No specific quantum of the deposits was disclosed in the filing.

Senior Leadership Appointments

In line with the company's growth strategy, the board noted the appointment of two senior management personnel. Details of the appointments are presented below:

The company noted that details with respect to these appointments, as required under Regulation 30(6) read with Para A(7) of Part-A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, had already been submitted vide disclosure dated 27th April, 2026. The board indicated that these appointments are expected to drive operational excellence, foster innovation, and accelerate the company's growth plans.

Jagatjit Industries Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating a significant turnaround in financial performance. The company's Board of Directors approved these results on February 27, 2026, following a detailed review by the Audit Committee.

Financial Performance Overview

The company's Q3 FY26 results showcase a dramatic improvement in profitability, primarily driven by exceptional gains from asset monetization. The financial transformation reflects the company's strategic focus on optimizing its asset portfolio and reducing debt burden.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Jagatjit Industries reported comprehensive improvement across key financial parameters. The company achieved net profit of ₹2,670 lakhs compared to a loss of ₹1,662 lakhs in the corresponding period of the previous year.

Exceptional Items and Asset Monetization

The quarter's performance was significantly enhanced by exceptional gains of ₹9,530 lakhs from the sale of immovable property and equipment. This transaction was executed based on part consideration received following an agreement to sell, with physical possession transferred before the reporting date. The company strategically utilized these proceeds to repay high-cost bank borrowings aggregating ₹10,700 lakhs, which is expected to reduce finance costs and improve operational efficiency in subsequent periods.

Additionally, other income included a write-back of ₹387 lakhs related to earlier year security deposits and interest payable, which were considered no longer payable.

Segment-wise Performance

The company operates across multiple business segments, with beverages being the primary focus. The segment-wise revenue breakdown for Q3 FY26 shows:

• Beverages: ₹3,300 lakhs (compared to ₹13,540 lakhs in Q3 FY25)
• Food: ₹2 lakhs (compared to ₹2,148 lakhs in Q3 FY25)
• Others: ₹287 lakhs (compared to ₹325 lakhs in Q3 FY25)
• Ethanol: ₹0 lakhs (no comparative figure for Q3 FY25)

Debt Reduction and Going Concern

The company has taken significant steps to strengthen its financial position by monetizing surplus non-core assets. During the nine months ended December 31, 2025, the strategic asset disposal and subsequent debt reduction of ₹10,700 lakhs represents a crucial step toward financial stability. The company continues to evaluate additional measures for fund raising, including further monetization of surplus assets and infusion of long-term funds through private equity placement and promoter contributions.

Management has prepared the financial statements on a going concern basis, expressing confidence in the company's ability to meet its obligations through improved operational performance and the ongoing operation of its 200 KL per day Ethanol Plant.

Regulatory Compliance and Audit

The financial results were subject to limited review by V.P. Jain & Associates, Chartered Accountants, who issued an unmodified review report. The auditors drew attention to the exceptional nature of items resulting in increased profit, though this did not qualify their conclusion. The company acknowledged a delay in submission of financial results due to non-availability of team members responsible for account finalization, expressing regret and commitment to strengthening internal compliance mechanisms.