🔍

GMBREW - G M Breweries

📊 NSE: GMBREW 🏢 Breweries & Distilleries 📅 Last Updated: 12/13/2025 22:12

📢 Recent Corporate Announcements

GM Breweries Appoints 3 Independent Directors; Board Continuity Secured for 5-Year Terms

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 17 Feb 2026, 11:31 AM

GM Breweries Limited successfully concluded its Extraordinary General Meeting (EGM) on February 05, 2026, where shareholders approved the appointment of three Independent Directors. Mr. Hardik Shah joins for a five-year term, while Mrs. Urmi Shah and Ms. Shivani Soni have been re-appointed for their second five-year terms through early 2031. During the meeting, the Chairman acknowledged the company's resilient performance despite significant inflationary pressures on raw and packing materials in the first nine months of the year. All resolutions were passed with the required majority, ensuring stable corporate governance.

Mr. Hardik Shah appointed as Independent Director for a 5-year term ending November 10, 2030.
Mrs. Urmi Shah and Ms. Shivani Soni re-appointed for second 5-year terms ending January 06, 2031.
Chairman noted commendable performance despite high raw material and packing costs in the first 9 months of the FY.
All three special resolutions passed with requisite majority via remote e-voting and EGM participation.

💡 No immediate action is required as these are routine governance appointments. Investors should focus on upcoming quarterly results to see how the company manages the raw material cost pressures mentioned by the Chairman.

GM Breweries Shareholders Approve Appointment of Three Independent Directors at EGM

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 05 Feb 2026, 03:05 PM

GM Breweries Limited held an Extraordinary General Meeting (EGM) on February 05, 2026, where shareholders voted on the appointment of three independent directors. All three resolutions were passed as Special Resolutions with nearly 100% shareholder support. Mr. Hardik Shah, Ms. Jyoti Soni, and Ms. Shivani Soni have been officially appointed to the board. This move ensures the company remains compliant with corporate governance and board diversity regulations.

Appointment of Mr. Hardik Shah as Independent Director approved with 100% (1,73,35,623) votes in favor.
Ms. Jyoti Soni appointed as Independent Women Director with 1,73,35,512 votes in favor and only 76 against.
Ms. Shivani Soni appointed as Independent Women Director with 1,73,35,547 votes in favor and 41 against.
A total of 50,696 shareholders were on record for the meeting conducted via video conferencing.
All resolutions were passed as Special Resolutions with the required majority.

💡 Investors should note these appointments as routine corporate governance measures to maintain board independence. No immediate portfolio action is required based on these results.

GM Breweries Concludes EGM; Appoints and Reappoints Independent Directors

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 05 Feb 2026, 12:12 PM

GM Breweries Limited held an Extraordinary General Meeting (EGM) on February 05, 2026, to vote on key board appointments. The meeting was attended by 42 shareholders out of a total base of 50,696 on the record date. Key agenda items included the appointment of Mr. Hardik Shah and the reappointment of Mrs. Urmi Shah and Ms. Shivani Soni as Independent Directors. The Chairman also provided an overview of the company's performance and prospects for the 2025-2026 fiscal year.

EGM conducted on February 05, 2026, with a total of 50,696 shareholders on record.
Appointment of Mr. Hardik Shah (DIN: 05268078) proposed as an Independent Director.
Reappointment of Mrs. Urmi Shah and Ms. Shivani Soni proposed as Independent Women Directors.
Remote e-voting was conducted between February 02 and February 04, 2026.
Chairman Jimmy Almeida addressed shareholders regarding the company's outlook for FY 2025-26.

💡 Investors should note these routine governance updates which ensure board continuity. No immediate action is required as these appointments are standard regulatory procedures.

GM Breweries Submits SEBI Compliance Certificate for Quarter Ended Dec 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Jan 2026, 12:41 PM

GM Breweries Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that all securities received for dematerialization during the quarter ended December 31, 2025, were processed within the prescribed timelines. It also verifies that physical security certificates were mutilated and cancelled after the dematerialization process. This is a standard regulatory filing ensuring the integrity of the company's shareholding records.

Confirmation certificate received for the quarter ended December 31, 2025.
RTA MUFG Intime India Private Limited confirmed processing of dematerialization requests.
Securities comprised in the certificates are listed on the relevant stock exchanges.
Physical certificates were mutilated and cancelled after due verification by the depository participant.

💡 No action is required as this is a routine regulatory compliance filing. Investors should continue to monitor the company's upcoming quarterly financial results for fundamental performance.

GM Breweries Reports 100% SDD Compliance for Q3 FY26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 12 Jan 2026, 03:33 PM

GM Breweries Limited has submitted its compliance certificate for the Structured Digital Database (SDD) for the quarter ended December 31, 2025. This filing confirms the company's adherence to SEBI (Prohibition of Insider Trading) Regulations, ensuring all unpublished price sensitive information (UPSI) is tracked. The company reported that 1 specific event requiring UPSI logging occurred during the quarter and was successfully captured in their non-tamperable system. This is a routine but essential regulatory filing to ensure transparency and prevent insider trading.

Confirmed 100% compliance with SEBI (PIT) Regulations for the quarter ended December 31, 2025.
The company successfully captured 1 UPSI event in its non-tamperable digital database during the period.
The database maintains a secure audit trail and is capable of storing records for a period of 8 years.
Internal controls are in place to restrict access to sensitive information and track dissemination timing.

💡 This is a routine regulatory update confirming the company's adherence to insider trading norms. No immediate action is required as it does not impact the company's fundamentals or financial performance.

GM Breweries Sets January 29, 2026, as Record Date for Extra Ordinary General Meeting

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 07 Jan 2026, 03:35 PM

GM Breweries Limited has officially fixed Thursday, January 29, 2026, as the record date for its upcoming Extra Ordinary General Meeting (EGM). This date will be used to determine the eligibility of shareholders to participate and vote on resolutions presented at the meeting. The announcement was made on January 07, 2026, in compliance with Section 91 of the Companies Act, 2013, and SEBI Listing Regulations. Investors should look for subsequent filings detailing the specific agenda items to be discussed at the EGM.

Record date for the Extra Ordinary General Meeting fixed for January 29, 2026.
The announcement was issued by the company on January 07, 2026.
Eligibility for voting at the EGM will be determined based on shareholding as of the record date.
Compliance maintained under Regulation 42 of SEBI (LODR) Regulations, 2015.

💡 Investors should monitor for the EGM notice to understand the specific corporate actions or resolutions being proposed, as the record date itself is a procedural requirement.

GM Breweries Schedules EGM for Feb 5, 2026, to Approve Key Board Appointments

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 06 Jan 2026, 01:22 PM

GM Breweries Limited has issued a notice for an Extraordinary General Meeting (EGM) to be held on February 05, 2026, via video conferencing. The primary purpose is to obtain shareholder approval for the appointment of Mr. Hardik Shah as an Independent Director for a five-year term. Furthermore, the company seeks to reappoint Mrs. Urmi Shah and Ms. Shivani Soni as Independent Women Directors for their second five-year terms. The cut-off date for determining voting eligibility is January 29, 2026, with remote e-voting available from February 02 to February 04, 2026.

EGM scheduled for February 05, 2026, to vote on three director appointments.
Mr. Hardik Shah proposed as Independent Director for a 5-year term ending Nov 10, 2030.
Mrs. Urmi Shah and Ms. Shivani Soni proposed for second 5-year terms as Independent Women Directors.
Remote e-voting period set from February 02, 2026, to February 04, 2026.

💡 Investors should review the profiles of the proposed directors and participate in the e-voting process to support corporate governance.

GM Breweries Q3 FY26 Results: Net Profit Flat at ₹22.54 Cr, Revenue Up 4.2% YoY

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 06 Jan 2026, 12:30 PM

GM Breweries Limited reported a marginal 4.2% year-on-year increase in gross revenue to ₹165.15 crore for the quarter ended December 31, 2025. However, net profit remained stagnant at ₹22.54 crore compared to ₹22.53 crore in the same period last year, reflecting margin pressure. The company's Earnings Per Share (EPS) stood unchanged at ₹9.86. Additionally, the board approved the transition of its Registrar and Transfer Agent (RTA) to Purva Sharegistry (I) Pvt. Ltd.

Gross revenue from operations increased to ₹165.15 crore in Q3 FY26 from ₹158.47 crore in Q3 FY25.
Net profit for the quarter was nearly flat at ₹22.54 crore versus ₹22.53 crore YoY.
Total expenses rose to ₹135.01 crore, up from ₹128.33 crore in the previous year's corresponding quarter.
Earnings Per Share (EPS) remained stable at ₹9.86 for the quarter.
The company announced a change in Registrar and Transfer Agent to M/s. Purva Sharegistry (I) Pvt. Ltd.

💡 The stagnant profit growth despite higher sales suggests rising operational costs are impacting margins. Investors should maintain a cautious stance and monitor the company's ability to manage input costs in the single-segment country liquor business.

GM Breweries Approves Q3 FY26 Results; Appoints Purva Sharegistry as New RTA

🟡 NEUTRAL ⭐ 6/10

BOARD_MEETING 📅 06 Jan 2026, 12:14 PM

GM Breweries Limited approved its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, during its board meeting on January 6, 2026. A key administrative update involves the change of the company's Registrar and Transfer Agent (RTA) from MUFG Intime India Private Limited to Purva Sharegistry (I) Pvt. Ltd. The statutory auditors, V. P. Mehta & Co., issued a clean limited review report with no material misstatements. The company continues to operate exclusively in the country liquor segment.

Board approved unaudited standalone financial results for the quarter ended December 31, 2025.
Change of Registrar and Transfer Agent (RTA) to M/s. Purva Sharegistry (I) Pvt. Ltd. approved.
Statutory auditors provided a clean Limited Review Report for the nine-month period.
Company operations remain focused solely on the Country Liquor segment.
Board meeting commenced at 11:30 A.M. and concluded at 1:10 P.M. on January 6, 2026.

💡 Investors should examine the detailed profit and loss statements for margin trends in the country liquor segment. The change in RTA is a routine administrative matter and does not affect the company's core business fundamentals.

GM Breweries Announces Trading Window Closure from Jan 1 for Financial Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 23 Dec 2025, 11:57 AM

GM Breweries Limited has informed the stock exchanges that its trading window will be closed starting January 01, 2025. This closure is a mandatory compliance step under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of the company's un-audited financial results. The window is scheduled to remain closed until 48 hours after the results are published, which is expected to be January 06, 2026. This is a standard procedure to prevent insider trading during the sensitive period before earnings are made public.

Trading window closure begins on January 01, 2025, for all designated persons.
The closure is in preparation for the announcement of un-audited financial results.
Trading window will reopen 48 hours after the results are published on January 06, 2026.
Notification is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 No action is required as this is a routine regulatory filing. Investors should look forward to the financial results announcement on or around January 06 for performance insights.

View All GMBREW Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Gross revenue (including indirect taxes) grew by 2.25% YoY to INR 2,551.79 Cr from INR 2,495.64 Cr. Net revenue (excluding indirect taxes) decreased by 1.48% to INR 684.67 Cr from INR 695.56 Cr. Segment-specific growth rates were not disclosed in available documents.

Geographic Revenue Split

Not disclosed in available documents; however, the company's manufacturing facility is located in Virar, Palghar, Maharashtra, suggesting a regional focus.

Profitability Margins

Net Profit Margin (on gross revenue) declined from 6.07% to 5.06% YoY. Profit for the year decreased by 14.84% to INR 129.04 Cr from INR 151.52 Cr, primarily due to a 3.34% increase in total expenses and higher tax provisions.

EBITDA Margin

EBITDA margin stood at 6.49% for FY25, calculated from an EBITDA of INR 165.72 Cr. This represents a decline from the previous year's EBITDA of INR 187.72 Cr (7.52% margin), reflecting a 11.72% drop in core operating profitability.

Capital Expenditure

The company invested INR 6.22 Cr in Property, Plant and Equipment and INR 51.86 Cr in Investment Property during FY25. Capital work-in-progress reclassified or capitalized amounted to INR 4.73 Cr.

Credit Rating & Borrowing

The company appears to be largely debt-free with finance costs of only INR 0.58 Cr (up from INR 0.37 Cr). No specific credit rating or formal borrowing cost percentage was disclosed.

⚙️ Operational Drivers

Raw Materials

Not specifically named in documents, though typical for this industry are Extra Neutral Alcohol (ENA) and packaging materials. Total expenses (including materials) rose 3.34% to INR 2,391.83 Cr.

Capacity Expansion

Current installed capacity is not explicitly stated; however, the company capitalized INR 4.73 Cr into investment properties and maintained a net PPE carrying amount of INR 50.06 Cr.

Raw Material Costs

Not disclosed as a separate line item, but total operating expenses represent 93.73% of gross revenue. Indirect taxes (Excise/GST) alone constitute 73.17% of gross revenue at INR 1,867.12 Cr.

Manufacturing Efficiency

Depreciation decreased by 15.48% to INR 5.18 Cr, suggesting a stable or slightly aging asset base. Capacity utilization metrics were not disclosed.

📈 Strategic Growth

Growth Strategy

The company is focusing on diversifying its asset base, evidenced by a 27.40% increase in Investment Property to INR 241.12 Cr and a 12.02% increase in Financial Asset Investments to INR 589.59 Cr. These non-operating assets generated INR 29.61 Cr in income, supporting the bottom line despite a dip in core manufacturing profits.

Products & Services

Country Liquor and alcoholic beverages (implied by the company name and high excise duty payments).

🌍 External Factors

Industry Trends

The industry is characterized by heavy regulation and high taxation. The company is shifting towards a more investment-heavy balance sheet, with non-current investments and properties now making up 83.58% of total assets (INR 917.34 Cr out of INR 1,097.56 Cr).

Competitive Moat

The company's moat is built on its established manufacturing presence in Maharashtra and its significant liquidity, with INR 93.92 Cr in bank balances and INR 589.59 Cr in investments providing a financial cushion.

Macro Economic Sensitivity

Highly sensitive to state-level regulatory changes and inflation in raw material costs (ENA). Net profit before tax fell 11.73% YoY, showing sensitivity to rising operational costs.

Geopolitical Risks

Low direct impact as operations are localized in Maharashtra, India.

⚖️ Regulatory & Governance

Industry Regulations

Subject to strict state excise laws and the Companies Act 2013. The company maintains an audit trail facility in its accounting software as per recent regulatory mandates.

Taxation Policy Impact

The effective tax rate for FY25 was approximately 19.33% (Total Tax Expense of INR 30.92 Cr on PBT of INR 159.96 Cr). Indirect taxes paid amounted to INR 1,867.12 Cr.

Legal Contingencies

The company has disclosed the impact of pending litigations on its financial position, though specific case values were not detailed in the provided snippets. It has made provisions for material foreseeable losses as required.

⚠️ Risk Analysis

Key Uncertainties

Regulatory risk regarding liquor licensing and excise duties poses a potential impact of over 70% on gross revenue. The resignation of Independent Director Shantilal Haria in October 2025 required a rapid board reconstitution.

Geographic Concentration Risk

High concentration in Maharashtra, with the primary factory located in Virar.

Technology Obsolescence Risk

Low risk for the core product, but the company is updating its financial reporting technology to include audit trails and internal control monitoring.

Credit & Counterparty Risk

Trade receivables are low at INR 2.71 Cr (0.1% of gross revenue), indicating very low credit risk and a predominantly cash-and-carry or short-cycle business model.