Chambal Breweries Sets EGM for Key Leadership Changes and Remuneration Approval
Chambal Breweries and Distilleries Limited has scheduled an EGM for December 12, 2025, to appoint new directors and approve their remuneration. Key appointments include Mrs. Meenal Shrirang Patwardhan as Managing Director and Chairman, Mr. Trevor Valentine Dsouza as Whole-time Director, and Mrs. Neha Shukla and Mr. Jay Kumar Shaw as Independent Directors. The proposed remuneration is Rs. 25,000 per month for executive directors and Rs. 20,000 per meeting for independent directors. This follows recent resignations of the Company Secretary and CFO. The company faces financial challenges with declining income and increasing losses, attributing issues to pricing pressures and government actions affecting IMFL and Beer retail outlets. Chambal Breweries plans to diversify into new product lines to revive growth.
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Chambal Breweries and Distilleries Limited has announced an Extraordinary General Meeting (EGM) scheduled for December 12, 2025, to address significant corporate governance matters and leadership changes. The meeting, to be held at The Fern Jaipur Airport Plaza in Jaipur, Rajasthan, will focus on appointing new directors and approving their remuneration.
Key Agenda Items
Director Appointments
The company seeks shareholder approval for the following appointments:
- Mrs. Meenal Shrirang Patwardhan as Managing Director and Chairman
- Mr. Trevor Valentine Dsouza as Whole-time Director
- Mrs. Neha Shukla and Mr. Jay Kumar Shaw as Independent Directors
Remuneration Approval
Shareholders will vote on the proposed remuneration structure:
- Rs. 25,000 per month for the Managing Director and Whole-time Director
- Rs. 20,000 per meeting as sitting fees for Independent Directors
Leadership Transitions
The EGM comes in the wake of recent leadership changes at Chambal Breweries. On November 18, 2025, the company announced the resignations of two key executives:
- Mr. Lalit Modi stepped down from his position as Company Secretary and Compliance Officer.
- Mr. Vinod Jhamnani resigned from his role as Chief Financial Officer (CFO).
Both executives cited pursuing alternate career opportunities as the reason for their departures.
Financial Context
The proposed leadership changes and remuneration structure are set against a backdrop of financial challenges for Chambal Breweries. The company's recent financial performance shows:
| Particulars | FY 2024-25 (in lacs) | FY 2023-24 (in lacs) | FY 2022-23 (in lacs) |
|---|---|---|---|
| Total Income | 8.95 | 11.04 | 10.71 |
| Total Expense | 17.27 | 31.36 | 21.36 |
| PAT | -8.32 | -246.75 | -37.34 |
| Paid-up Capital | 748.88 | 748.88 | 748.88 |
| Reserves and Surplus | -636.85 | -628.53 | -381.77 |
The company attributes its financial challenges to pricing pressures and government actions affecting IMFL and Beer retail outlets.
Future Outlook
Chambal Breweries has indicated plans to diversify into trading and retailing new product lines to revive growth and profitability. The company expects a gradual improvement in productivity and profits in the medium term, despite ongoing stress in the IMFL and Beer sector.
The upcoming EGM and proposed leadership changes appear to be part of the company's strategy to navigate current challenges and position itself for future growth.
Shareholders will have the opportunity to vote on these crucial matters, which could significantly impact the company's future direction and governance structure.
