Appointment of Mr. Sanjay Kumar Jain as additional director designated as Non-Executive Independent Director of the company with effect from February 12, 2026
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Fratelli Vineyards (formerly Tinna Trade) reported its Q3 and 9MFY26 results alongside a board meeting outcome. On a consolidated basis, Q3 revenue rose to Rs 6,455.97 lakhs (up from Rs 5,991.99 lakhs YoY), but net loss widened sharply to Rs 872.14 lakhs (vs Rs 277.36 lakhs loss YoY). For 9MFY26, consolidated net loss stood at Rs 1,785.73 lakhs with EPS of Rs (4.12). Standalone numbers show the legacy trading business is now nearly inactive (revenue of just Rs 28.28 lakhs in Q3). The Board also appointed Mr. Sanjay Kumar Jain, a Chartered Accountant with 36 years of finance and M&A experience (notably in the alcoholic beverages sector), as a Non-Executive Independent Director for a 5-year term. Mr. Jain will chair the Audit Committee. The company also wrote off Rs 361.12 lakhs of previously recognized deferred tax assets due to uncertainty over future taxable profits.
Deepening consolidated losses and the write-off of deferred tax assets point to continued pressure on profitability, which may concern shareholders. However, the appointment of a financially experienced independent director with strong alcoholic beverages sector knowledge signals a governance upgrade, and the company's pivot to the wine business through its subsidiary is becoming more visible in the numbers.