Jagatjit Industries Limited shareholders approved the re-appointment of Ravi Manchanda as Managing Director and Roshini Sanah Jaiswal as Executive Director during the company's 81st Annual General Meeting held on September 30, 2026.

The resolution grants Manchanda a further term of two years effective October 1, 2026. Jaiswal’s re-appointment extends her tenure by three years, effective September 1, 2026. The move ensures continuity in leadership for the beverage and hospitality-focused conglomerate.

Meeting logistics and attendance

The meeting was conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM) starting at 11:00 am. Remote e-voting was open from September 27 to September 29, 2026. A total of 12,745 shareholders were on the register as of the cut-off date, September 25, 2026.

Attendance included 12 promoters and 43 public shareholders who joined via video conferencing. Directors present in person or virtually included Ravi Manchanda, Nagendra Kumar Chauhan, and Vidhi Goel. Notably, Directors Roshini Sanah Jaiswal, Sushma Sagar, and Asha Saxena were unable to participate due to prior engagements. The meeting concluded at 11:29 am.

Leadership profiles and terms

The disclosures highlight distinct professional backgrounds for the two directors. Manchanda brings over four decades of experience in project management, marketing, and administration. He holds an engineering degree and a postgraduate diploma in marketing. In contrast, Jaiswal offers more than two decades of expertise in the beverages, food, hospitality, and personal care sectors. She is a graduate in Political Science and Economics from New York University and possesses specific understanding of the liquor industry.

Regulatory compliance details

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aligns with the SEBI Master Circular dated January 30, 2026. The company confirmed that there are no disclosed relationships between these directors and other board members.

This governance update reflects the board's confidence in the current executive team to steer operations through the next fiscal cycle.

Jagatjit Industries has scheduled its 81st Annual General Meeting (AGM) for September 30, 2026. The meeting will be held through Video Conference or Other Audio Visual Means in compliance with Ministry of Corporate Affairs circulars.

The register of members and share transfer books will remain closed from September 25, 2026, to September 30, 2026, inclusive. Shareholders holding shares as of the record date will be eligible to vote via remote e-voting or during the AGM.

Board and Management Reappointments

The agenda includes the reappointment of Mr. Ravi Manchanda as Managing Director for a further period of two years, effective October 1, 2026. Mr. Manchanda, who has over four decades of experience in project management and marketing, will continue as Key Managerial Personnel.

Ms. Roshini Sanah Jaiswal is proposed for reappointment as Executive Director for three years, effective September 1, 2026. She brings approximately two decades of management experience in the beverages and hospitality sectors.

Auditor Appointments

Members are asked to ratify the remuneration of M/s P. K. Verma & Co., Cost Accountants, Chandigarh, for the audit of cost records for the financial year ending March 31, 2027. The approved remuneration is ₹75,000 plus applicable taxes and out-of-pocket expenses.

Additionally, M/s V. P. Jain & Associates, Chartered Accountants, New Delhi, is proposed for reappointment as Statutory Auditors for a second term of five consecutive years, until the conclusion of the 86th AGM in 2031.

Financial Performance FY26

The explanatory statement notes that total income for FY26 stood at ₹475.85 crore, a decline of 29.01% from ₹670.34 crore in the previous year. The company reported a profit before taxation of ₹10.18 crore, compared to a loss before taxation of ₹23.05 crore in FY25.

The profit before tax included ₹95.30 crore from the sale of Gurugram property, which was not of an operational nature. Total comprehensive income after tax was ₹10.48 crore, reversing a comprehensive loss of ₹23.20 crore in the prior year.

What the Numbers Show

The divergence between operational performance and reported profit is significant. While the company turned profitable on a comprehensive basis, the profit before taxation of ₹10.18 crore was heavily influenced by the one-time gain of ₹95.30 crore from asset sales. Excluding this non-operational item, the underlying operational result would have been a substantial loss, highlighting that the top-line decline of 29.01% has not yet been offset by operational efficiency gains.

Voting and Participation

Remote e-voting will be open from 9:00 am on September 27, 2026, to 5:00 pm on September 29, 2026. The facility will be provided by Central Depository Services (India) Limited. Members are advised to update their KYC details with their Depository Participants to ensure seamless access to e-voting and virtual meeting facilities.