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.

Chambal Breweries and Distilleries Limited has taken a significant step in compliance with regulatory requirements by publishing newspaper advertisements containing recommendations from its Committee of Independent Directors regarding an open offer. The company made these publications on September 11, 2025, following a meeting held on September 10, 2025.

Wide Publication Reach

The recommendations were published in multiple newspapers to ensure widespread dissemination of information. The chosen publications include:

• Financial Express (All Editions)
• Jansatta (All Editions)
• Navshakti (Mumbai Edition)
• Rashtradoot (Kota Edition)

This diverse selection of newspapers, covering both national and regional publications, demonstrates the company's commitment to reaching a broad investor base across different language demographics.

Regulatory Compliance

The publication of these recommendations is in strict adherence to the Securities and Exchange Board of India (SEBI) regulations. Specifically, it complies with:

1. SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
2. SEBI (Listing Obligations and Disclosure Requirements) Regulations

Meeting Details

The Committee of Independent Directors convened a physical meeting on September 10, 2025, to deliberate and formulate their recommendations regarding the open offer. This meeting was crucial in ensuring that the interests of all shareholders were considered before making the recommendations public.

Timely Disclosure

By publishing the recommendations on September 11, 2025, just a day after the meeting, Chambal Breweries has demonstrated its commitment to prompt and transparent communication with its shareholders and the market at large.

Significance for Investors

The publication of these recommendations is a critical development for Chambal Breweries' shareholders. It provides them with valuable insights from the Independent Directors, helping investors make informed decisions regarding the open offer.

While the specific details of the recommendations are not provided in the available information, such publications typically include the Independent Directors' views on:

• The fairness of the offer price
• The impact of the offer on the company's future
• Any potential conflicts of interest
• Overall advice to shareholders regarding the offer

Corporate Governance

This action by Chambal Breweries underscores the company's adherence to good corporate governance practices. By ensuring that the Independent Directors' recommendations are widely publicized, the company is promoting transparency and protecting the interests of all stakeholders.

Investors and market watchers will likely be keenly analyzing these recommendations to gauge the potential outcomes of the open offer and its implications for Chambal Breweries and Distilleries Limited's future.