Jubilant Foodworks Limited has informed the Exchange regarding Appointment of M/s Chandrasekaran Associates as Secretarial Auditor of the Company .
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At its May 14, 2025 meeting, Jubilant FoodWorks' board approved three items. First, it revoked corporate guarantees worth EUR 116,085,000 (approx. ₹1,000+ crore) issued to HSBC Bank on behalf of its wholly owned Dutch subsidiary Jubilant Foodworks Netherlands B.V., with plans to replace them with an alternative arrangement that carries no recourse to the parent company. Second, it elevated Mr. Tejaswi Narasimha Nori, currently Senior VP and Business Head for Hong's Kitchen and Dunkin', into the Senior Management Personnel category effective the same day. Third, it appointed M/s Chandrasekaran Associates as Secretarial Auditors for a five-year term covering FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming AGM.
The revocation removes a large contingent liability tied to the Dutch subsidiary, strengthening the parent's balance sheet. The internal elevation reflects continuity in brand leadership, and the new secretarial auditor is a routine governance appointment pending shareholder nod.