Jagatjit Industries Approves Rs 350 Crore QIP, Reports Wider Q1 Loss 2 days ago
Jagatjit Industries' Board approved raising up to Rs 350 crore through a Qualified Institutional Placement (QIP) of equity shares. The company reported Q1 financial results with revenue from operations declining 18.80% to Rs 12,477 lakhs and net loss widening to Rs 987 lakhs. The beverages segment reported a loss of Rs 82 lakhs, food segment a loss of Rs 140 lakhs, while the others segment showed a profit of Rs 1 lakh. The company's 80th Annual General Meeting is scheduled for September 26.