Board Meeting11 May 2026, 02:22 pm
Jagatjit Industries: Board Approves Single Malt Whisky Launch
AI Summary
Jagatjit Industries Ltd's board meeting on May 11, 2026, addressed key initiatives including the proposed launch of a premium Single Malt Whisky in FY 2026-27. The company is shifting from a franchisee-operated model to a company-operated model in Chhattisgarh for improved volumes and margins starting FY 2026-27. Debt liabilities have been reduced from ₹158.68 Crores to ₹49.63 Crores through prepayment of a term loan from Indusind Bank. The company has appointed Mr. Roopak Chaturvedi as CEO and Mr. Parshant Giare as Chief of Commodity & Manufacturing Officer.
Key Highlights
- Board considered launching a Premium Single Malt Whisky in FY 2026-27.
- Company shifts to company-operated model in Chhattisgarh from FY 2026-27.
- Debt reduced from ₹158.68 Cr to ₹49.63 Cr via term loan prepayment.
- Roopak Chaturvedi appointed as CEO and Parshant Giare as Chief of Commodity & Manufacturing Officer.