Synopsis:
Jagatjit Industries Limited has announced the resignation of CEO & CFO Mr. Anil Vanjani, effective immediately, via email on July 9, 2025.
This micro-cap alcohol stock, engaged in manufacturing and selling alcoholic beverages like whisky, vodka, gin, rum, and brandy, along with malted milk food products across India and internationally, hit a 10 percent upper circuit despite the resignation of the CEO & CFO in the company
With a market capitalization of Rs. 785.35 crores, the shares of Jagatjit Industries Limited hit a 10 percent upper circuit of Rs. 177.35 per share on Thursday, up from its previous closing price of Rs. 161.25 per share.
Jagatjit Industries Limited has announced a key management change with the resignation of Mr. Anil Vanjani from his role as Chief Executive Officer and Chief Financial Officer (CEO & CFO) of the company, effective immediately.
The resignation was submitted via email on July 9, 2025, and has been accepted by the management. This change has been disclosed in compliance with SEBI regulations, and the company will likely initiate the process of appointing a new CEO & CFO soon.
Jagatjit Industries Limited was established in 1944, with its headquarters in New Delhi and a major manufacturing base in Jagatjit Nagar, Kapurthala District, Punjab.
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The company is primarily known for manufacturing IMFL (Indian Made Foreign Liquor), producing a wide range of alcoholic beverages including Scotch, Whisky, Vodka, Gin, Rum, and Brandy. Its flagship brands include Aristocrat Premium and AC Black Whisky.
Jagatjit Industries also manufactures malted milk food and has diversified into related food and beverage products. It operates some of Asia’s largest integrated distilleries and maintains a significant presence across India through collaborations with various bottlers.
Jagatjit Industries has manufacturing bases in Jagatjit Nagar, Kapurthala District, Punjab, and Behror, Rajasthan, in addition to collaborations with bottlers nationwide. The company has a domestic presence across 17 states and 2 Union Territories in India and exports to 13 countries globally, including the USA, Italy, and the UAE.
Coming into financial highlights, Jagatjit Industries Limited’s revenue has decreased from Rs. 118.71 crore in Q3 FY25 to Rs. 115.35 crore in Q4 FY25, which is a drop of 2.83 percent. The net loss of the company has increased from Rs. 4.33 crore in Q3 FY25 to Rs. 6.82 crore in Q4 FY25.
In terms of return ratios, the company’s ROCE and ROE stand at 1.23 percent and -35.8 percent, respectively. Jagatjit Industries Limited has an earnings per share (EPS) of Rs. -5.01, and its debt-to-equity ratio is 7.51x.
Written By – Nikhil Naik
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