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With Jubilant Foodworks CEO Pratik Pota leaving, investors worry

 Click for video Jubilant Foodworks announced CEO Pratik Pota's resignation, after which the share price fell 13% in a single day. Investors were worried for good reason - this high flying QSR business, which holds the master franchise for Domino's Pizza in South Asia, has seen a dramatic turnaround in its fortunes under Pota. Investors and shareholders will be concerned about what comes next for the business with Pota leaving. Do CEOS matter? This is a wide-ranging debate, but in the case of Jubilant Foodworks Pratik Pota oversaw key business decisions from 2017 onwards that led to a margin turnaround and growth for the company. Deeksha Janiani takes a closer look in this video.
27-03-2022

Jubilant Foods to buy remaining 10% stake in JV with Golden Harvest

 Jubilant Food Works (JFL) would have Golden Harvest's 49 per cent stake in the JV, making JGHL a wholly-owned subsidiary, the company said in a regulatory filing
22-03-2022
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Jubilant FoodWorks Ltd - 533155 - Announcement under Regulation 30 (LODR)-Updates on Acquisition

 This is in relation to our letters dated September 30, 2021 and January 27, 2022 with respect to the captioned matter. Pursuant to the Share Subscription and Shareholders' Agreement ('Agreement') dated March 6, 2018 executed between Jubilant Foodworks Ltd. ('JFL'), Jubilant Golden Harvest Limited ('JGHL') and Golden Harvest QSR Limited ('Golden Harvest'), JFL had informed the stock exchanges of JFL's exercise of the call option for acquiring 39% equity stake in JGHL from Golden Harvest ('Call Option 1') vide letter dated September 30, 2021. JFL has now issued a notice to Golden Harvest to exercise its call option for acquiring the remaining 10% equity stake in JGHL from Golden Harvest ('Call Option 2'). Accordingly, JFL will acquire the complete 49% equity stake of Golden Harvest in JGHL and post the consummation of Call Option 1 and Call Option 2, JGHL shall become a wholly owned subsidiary of JFL.
22-03-2022
Bigul

Jubilant FoodWorks Ltd - 533155 - Closure of Trading Window

 Pursuant to the Company''s Code of Conduct for Prevention of Insider Trading adopted by the Company under the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the Company will be closed for the 'Designated Persons' from Friday, March 25, 2022 till Forty Eight (48) hours after announcement of Financial Results for the quarter and year ending March 31, 2022 to the Stock Exchanges. The date of Board Meeting for approval of aforesaid Financial Results shall be intimated in due course.
17-03-2022
Bigul

Hold Jubilant Foodworks: target of Rs 2770: Sharekhan

 Sharekhan recommended Hold rating on Jubilant Foodworks with a target price of Rs 2770 in its research report dated March 14, 2022.
15-03-2022

Jubilant FoodWorks plunges 15% as brokerages downgrade stock post CEO exit

 According to analysts chief executive officer Pratik Rashmikant Pota's resignation is a setback for the company, especially in the near-term, as the company faces macro headwinds in the form of sticky
14-03-2022

Pratik Pota resigns as CEO, Jubilant FoodWorks Limited

 Pota will continue in his current role till June 15, 2022. The Board has also initiated the process of identifying his successor, it added in its statement.
11-03-2022
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Jubilant FoodWorks Ltd - 533155 - Announcement under Regulation 30 (LODR)-Resignation of Chief Executive Officer (CEO)

 We wish to inform you that the Board of Directors of the Company in their meeting held today i.e. Friday, March 11, 2022, accepted the resignation of Mr. Pratik Rashmikant Pota (DIN 00751178) as the CEO and Wholetime Director of the Company as he wishes to pursue opportunities outside Jubilant FoodWorks Limited. Mr. Pota will continue in his current role till Wednesday, June 15, 2022. The Board places on record its sincere appreciation for the outstanding contribution made by Mr. Pota during his tenure with the Company and wishes him the very best in his future endeavors. The Board has also initiated the process of identifying his successor.
11-03-2022
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Jubilant FoodWorks Ltd - 533155 - Submission Of Trust Deed

 Pursuant to Regulation 3(3) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, please find enclosed herewith duly executed Amended and Restated Deed of Private Trust dated March 2, 2022 between Jubilant FoodWorks Limited and Trustees of JFL Employees Welfare Trust.
03-03-2022
Bigul

Jubilant FoodWorks Ltd - 533155 - Merger Of Wholly Owned Subsidiaries Of Jubilant Foodworks Limited

 We wish to inform that Fides Food Systems Cooperatief U.A., step down subsidiary of the Company in Netherlands has been merged with its holding company, Jubilant Foodworks Netherlands B.V. ('JFN') effective March 2, 2022. Consequent to the merger, the Company through JFN now holds 60,072,476 ordinary shares in DP Eurasia N.V. representing 41.32% of its issued share capital. The details as required under Regulation 30 of Listing Regulations read with SEBI circular dated CIR/CFD/CMD/4/2015 dated September 9, 2015 is attached.
03-03-2022
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