Jagatjit Industries Limited , a prominent player in the alcoholic beverage industry, has announced a significant change in its leadership team. The company has appointed Mr. Anil Singal as its new Chief Financial Officer (CFO), effective September 25, 2025. This strategic move aims to strengthen the company's financial management and oversight.

Appointment Details

The appointment of Mr. Singal was approved by the Board of Directors following recommendations from both the Audit Committee and the Nomination and Remuneration Committee. This decision underscores the company's commitment to maintaining robust financial governance and expertise at the highest levels of management.

Anil Singal's Background

Mr. Singal brings a wealth of experience to his new role as CFO:

• Tenure with Jagatjit Industries: He has been associated with the company since January 27, 2020, most recently serving as Executive Vice President (Finance & Accounts).
• Professional Qualifications: A qualified Chartered Accountant, Mr. Singal boasts over 26 years of experience specifically in the alcoholic beverage industry.
• Previous Experience: Prior to joining Jagatjit Industries, he held positions at several renowned companies in the sector, including Whyte & Mackay, Radico Khaitan Limited, and Allied Blenders & Distillers Limited.

Additional Responsibilities

In addition to his role as CFO, the Board has authorized Mr. Singal, along with Company Secretary Roopesh Kumar, to:

1. Determine the materiality of events or information related to the company.
2. Make necessary disclosures to the stock exchange.

These additional responsibilities highlight the trust placed in Mr. Singal's judgment and expertise in financial matters and corporate communications.

Company's Perspective

The appointment of Mr. Singal as CFO is seen as a strategic move to leverage his extensive industry experience and financial acumen. His in-depth knowledge of the alcoholic beverage sector, combined with his tenure at Jagatjit Industries, positions him well to contribute to the company's financial strategies and growth objectives.

Jagatjit Industries Limited's decision to promote from within demonstrates its commitment to recognizing and nurturing internal talent. This approach often ensures a smooth transition and continuity in financial management practices.

As Jagatjit Industries continues to navigate the competitive landscape of the alcoholic beverage industry, Mr. Singal's appointment is expected to play a crucial role in steering the company's financial direction and supporting its overall business strategy.

Jagatjit Industries Limited , a prominent player in the Indian beverage and food processing sector, has reported a significant decline in revenue and a widening of losses for the first quarter.

Financial Performance

The company's consolidated total income from operations stood at Rs 13,051.00 lakhs for Q1, marking a 17.5% year-on-year decline from Rs 15,817.00 lakhs in the same quarter of the previous year. This substantial drop in revenue signals challenging market conditions for the company.

Jagatjit Industries' bottom line also took a hit, with the net loss more than doubling to Rs 990.00 lakhs in Q1, compared to a loss of Rs 432.00 lakhs in the same quarter last year. This represents a significant deterioration in the company's profitability.

Key Financial Metrics

The company's performance is reflected in its per-share earnings:

The decline in earnings per share underscores the impact of the reduced revenue and increased losses on shareholder value.

Balance Sheet Position

As of March 31, Jagatjit Industries reported:

• Equity share capital: Rs 4,678.00 lakhs (unchanged)
• Reserves excluding revaluation reserves: Negative Rs 23,770.00 lakhs

The negative reserves indicate accumulated losses, which could be a concern for the company's long-term financial health.

Management Review

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. This process ensures compliance with corporate governance standards and provides stakeholders with assurance regarding the accuracy of the reported figures.

Looking Ahead

The significant revenue decline and widening losses present challenges that Jagatjit Industries will need to address. Investors and market analysts will likely be watching closely for any strategic initiatives or market developments that could help reverse this downward trend.

As the beverage and food processing industry continues to evolve, Jagatjit Industries' ability to adapt to changing market conditions and consumer preferences will be crucial for its future performance.