Appointment of Chief Financial Officer (KMP)
Price
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On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 2.2 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jagatjit Industries has appointed Mr. Anil Singal as its new Chief Financial Officer (Key Managerial Personnel), effective 25th September 2025. The appointment was approved by the Board based on recommendations from the Audit Committee and Nomination & Remuneration Committee. Mr. Singal has been with the company since January 2020 and previously served as Executive Vice President (Finance & Accounts). He is a Chartered Accountant with over 26 years of experience in the alcoholic beverage industry, having worked with Whyte & Mackay, Radico Khaitan, and Allied Blenders & Distillers. Additionally, he has been designated as one of the authorised persons for determining materiality of events and making stock exchange disclosures.
This is a routine internal leadership change — an existing senior finance head has been elevated to the CFO role, which signals continuity rather than disruption. Shareholders are unlikely to see any material stock price impact from this announcement.