Chambal Breweries and Distilleries Limited is undergoing significant changes in its leadership structure. The company has announced the resignation of two key managerial personnel, effective November 18, 2025.

Departures in Key Positions

Lalit Modi, who served as the Company Secretary and Compliance Officer, and Vinod Jhamnani, who held the position of Chief Financial Officer (CFO), have both tendered their resignations. Both executives cited the pursuit of alternate career opportunities outside the organization as the reason for their departure.

Timing and Transition

The resignations of both Modi and Jhamnani will take effect from the close of business hours on November 18, 2025. This simultaneous exit of two crucial positions may pose challenges for the company in terms of continuity and compliance management.

Impact on Company Operations

The departure of these key personnel may have several implications for Chambal Breweries and Distilleries Limited:

1. Compliance and Regulatory Oversight: As the Company Secretary and Compliance Officer, Lalit Modi played a crucial role in ensuring the company's adherence to regulatory requirements. His exit may temporarily affect the company's compliance processes.

2. Financial Management: Vinod Jhamnani's resignation as CFO could impact the company's financial strategy and reporting mechanisms in the short term.

3. Investor Relations: These changes in key managerial positions may raise questions among investors about the company's stability and future direction.

Next Steps for Chambal Breweries

The company has not yet announced replacements for these positions. It will be crucial for Chambal Breweries to fill these roles promptly to ensure smooth operations and maintain investor confidence.

Resignation Details

Both Modi and Jhamnani expressed gratitude towards the Board of Directors, Managing Director, and Senior Management for their support during their tenure at Chambal Breweries and Distilleries Limited.

As the company navigates through this transition, stakeholders will be keenly watching how quickly and effectively these key positions are filled, and how the changes might influence the company's performance and compliance in the coming months.

Chambal Breweries and Distilleries Limited has reported a net loss for the quarter ended September 30, 2025, while simultaneously announcing significant changes to its board of directors.

Financial Performance

The company disclosed a net loss of Rs 10.27 crore for the quarter ended September 30, 2025, compared to a profit of Rs 8.32 lakh reported in the same period last year. This downturn was accompanied by a substantial decrease in total income, which fell to Rs 2.81 lakh from Rs 17.27 lakh year-over-year.

The financial results for the quarter and half-year ended September 30, 2025, were reviewed and approved by the Board of Directors at their meeting held on November 11, 2025.

Key Financial Metrics

Board Appointments

Chambal Breweries announced the appointment of three new directors to its board:

1. Ms. Neha Shukla: Appointed as an Additional Independent Director, Ms. Shukla brings over seven years of experience in legal compliance and secretarial practices. She is a qualified Company Secretary and holds an LLB degree.

2. Mrs. Meenal Shrirang Patwardhan: Joining as an Additional Executive Director, Mrs. Patwardhan has over a decade of expertise in strategic management and sales leadership. Her experience spans multiple global markets, focusing on business expansion and operational excellence.

3. Mr. Trevor Valentine Dsouza: Also appointed as an Additional Executive Director, Mr. Dsouza brings 32 years of experience in operations management and administration. His expertise includes vendor management, procurement, and facility management.

These appointments are expected to bring fresh perspectives and diverse expertise to the company's leadership team.

Looking Ahead

The company faces challenges as evidenced by the recent financial results. The new board appointments may signal a strategic shift aimed at addressing these issues and potentially exploring new opportunities.