Chambal breweries and Distilleries Limited has reported its unaudited financial results for the third quarter of FY26 ended December 31, 2025, showing a significant deterioration in financial performance. The company's board meeting held on February 07, 2026, approved the quarterly results along with the limited review report from statutory auditors.

Financial Performance Overview

The company's financial performance showed considerable weakness across key metrics for Q3 FY26:

Revenue and Income Analysis

Chambal Breweries continues to operate without any revenue from operations, depending entirely on other income sources. Other income for Q3 FY26 declined to ₹1.00 lac compared to ₹2.00 lacs in the corresponding quarter of the previous year, representing a 50% decrease.

Expense Structure

The company's expense profile showed significant increases across categories:

Nine-Month Performance

The nine-month period ended December 31, 2025, reflected the company's ongoing operational challenges. Total income for the nine-month period decreased to ₹2.50 lacs from ₹6.82 lacs in the corresponding period of FY25. The net loss for nine months expanded significantly to ₹14.76 lacs compared to ₹4.74 lacs in the previous year.

Balance Sheet Position

As of December 31, 2025, the company maintained total assets of ₹99.34 lacs compared to ₹113.31 lacs as of March 31, 2025. The balance sheet showed:

Cash Flow Analysis

The company's cash flow statement for the nine-month period showed net cash outflow from operating activities of ₹23.72 lacs. Cash flow from investing activities generated ₹21.00 lacs, primarily from loans and advances of ₹103.50 lacs, offset by investment purchases of ₹85.00 lacs. The closing cash and cash equivalents balance stood at ₹4.71 lacs, down from ₹7.43 lacs at the beginning of the period.

Earnings Per Share

Basic and diluted earnings per share for Q3 FY26 were ₹(0.06) compared to ₹(0.01) in Q3 FY25. For the nine-month period, basic and diluted EPS stood at ₹(0.20) versus ₹(0.06) in the corresponding period of the previous year.

Chambal Breweries and Distilleries Limited has completed a comprehensive board restructuring effective January 18, 2026, following a management takeover. The company submitted detailed regulatory filings to BSE Limited under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, accompanied by original resignation letters from all departing directors.

Major Board Resignations

Four key board members resigned simultaneously on January 18, 2026, all citing change in management by takeover as the sole reason for their departure. The company received formal resignation letters from each departing director.

All departing directors confirmed in their formal resignation letters that there were no material reasons for their resignation other than the change in management by takeover. Each resignation letter expressed gratitude to the board and wished the company continued success in future endeavors. None of the resigning directors held any shareholding in the company.

New Board Appointment

The company appointed Mr. Gaurav Sharma as Additional Independent Director effective January 18, 2026, bringing significant HR leadership experience to the restructured board.

Mr. Sharma is described as a seasoned HR leader with over 22 years of experience across large, complex, and diversified organizations. His educational credentials reflect a focus on future-ready leadership approaches. The company confirmed he is not debarred from holding the office of Director by virtue of any SEBI Order or any such authority.

Additional Directorships and Regulatory Details

Among the departing directors, Mr. Rinku Goyal held additional positions including Independent Director at Vivran Agritech Limited, where he served on the Nomination and Remuneration Committee and Audit Committee. He also served as Director at W Health Ventures Advisory India Private Limited. Mr. Anmol Jindal did not hold any other directorships.

Regulatory Compliance and Documentation

The company ensured comprehensive regulatory compliance by submitting detailed documentation to BSE Limited. Company Secretary and Compliance Officer Nitish Neniwal (Membership No. A69792) signed the regulatory filings on behalf of the company.

The disclosures included comprehensive annexures providing all information required under applicable SEBI regulations and circulars. This thorough documentation approach demonstrates the company's commitment to transparency during the management transition following the takeover.