GM Breweries Ltd

Dematerialisation processing and confirmations

• Dematerialisation requests were processed and confirmed to the depositories.
• Securities dematerialised have been listed on the stock exchanges.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depositories named as registered owner.

Financial results

• Unaudited consolidated quarterly results for quarter ended 30 June 2026 approved.
• Unaudited standalone quarterly results for quarter ended 30 June 2026 approved.
• Limited Review Reports by Vipul Mehta & Co attached.

Board actions

• Audit committee reviewed results; board took on record on July 9, 2026.

Operational disclosures

• Company operates in a single segment: Country Liquor.
• Wholly-owned subsidiary for real estate formed; initial capital Rs 1 Lakh; yet to commence.
• Subsidiary has no transactions in the reporting period.

Auditor remarks

• Limited review reports indicate no material misstatement; no audit opinion provided.

AGM Details

• Date and mode: 28 May 2026, via VC/OAVM from 11:30 a.m. to 12:13 p.m.
• Quorum achieved; meeting conducted via VC/OAVM and notices circulated.
• Auditors' report had no qualifications or adverse remarks.

Ordinary Resolutions

• Adopted audited financials and directors’ and auditors’ reports for the year; resolution passed.
• Final dividend declared for the year on equity shares.
• Re-appointment of retiring director by rotation.
• Re-appointment of another retiring director by rotation.

Special Business

• Appointment of director as Whole Time Director for five years with remuneration.
• Remuneration includes salary and perquisites as per agreement.
• Board authorized to finalize agreement and any amendments.

Final dividend

• Equity shares: record date fixed for final dividend of FY2025-2026.
• Record date: Thursday, May 27, 2026.
• Purpose: determine shareholder eligibility for final dividend payment.

Audit Opinion

• Auditors issued unmodified opinion on consolidated and standalone financial statements for FY26.
• Consolidated financials include G M Breweries and wholly owned subsidiary Buildfort Infra Dev Pvt Ltd.
• No material misstatements or qualifications reported in audit of FY26 financials.
• Internal financial controls over financial reporting were adequate and effective as of March 31, 2026.

Financial Performance FY26

• Consolidated total assets increased to Rs 1,22,542.72 lakhs in FY26 from Rs 1,09,756.08 lakhs in FY25.
• Standalone total assets stood at Rs 1,02,801.87 lakhs in FY26 versus Rs 91,733.79 lakhs in FY25.
• Net profit before tax was Rs 20,543.98 lakhs in FY26, up from Rs 15,996.31 lakhs in FY25.
• Depreciation expense was Rs 519.00 lakhs in FY26, stable versus Rs 518.44 lakhs in FY25.
• Finance cost reduced to Rs 31.62 lakhs in FY26 from Rs 57.52 lakhs in FY25.
• Dividend of Rs 9 per equity share proposed for FY26.
• Provision for taxation includes current tax Rs 49.00 crores and deferred tax Rs -0.39 crores.

Segment and Business

• Operations confined to single segment: Country Liquor.
• Wholly owned subsidiary incorporated to explore real estate opportunities; business yet to commence.

Balance Sheet Highlights

• Non-current assets increased to Rs 58,959.16 lakhs in FY26 from Rs 57,038.81 lakhs in FY25 (consolidated).
• Current assets rose to Rs 63,583.56 lakhs in FY26 from Rs 52,717.27 lakhs in FY25 (consolidated).
• Equity share capital stable at Rs 2,285.54 lakhs; other equity increased to Rs 1,05,540.68 lakhs.
• Current liabilities increased to Rs 14,602.84 lakhs in FY26 from Rs 15,748.63 lakhs in FY25.

Cash Flow Summary FY26

• Net cash from operating activities was Rs 7,920.92 lakhs in FY26.
• Net cash used in investing activities was Rs 4,551.56 lakhs in FY26.
• Net cash used in financing activities was Rs 6,929.57 lakhs in FY26.
• Cash and cash equivalents at year-end stood at Rs 1,109.52 lakhs.

Compliance and Governance

• No loans or advances given to directors; compliant with Sections 185 and 186 of Companies Act.
• No acceptance of public deposits; RBI regulations not applicable.
• No frauds or whistleblower complaints reported during FY26.
• No pending litigations impacting financial position.
• Directors not disqualified under Section 164(2) as of March 31, 2026.
• Remuneration to directors complies with Section 197 of Companies Act.

Audit and Internal Controls

• Audit trail feature in accounting software operated effectively throughout FY26.
• Physical verification of property, plant and equipment showed no material discrepancies.
• Inventories physically verified; no material discrepancies noted.
• Adequate internal audit system in place and reports considered by statutory auditors.

Financial Results Approved

• Audited standalone and consolidated financial results approved for year ended March 31, 2026
• Audit reports for standalone and consolidated results issued with unmodified opinion
• Provision for current tax Rs.49.00 Crores and deferred tax Rs.-0.39 Crores included
• Company operates in single segment: Country Liquor
• Figures for quarter ended March 31, 2026 are balancing figures between audited full year and unaudited YTD

Dividend Declaration

• Board recommended dividend of Rs.9 per equity share of Rs.10 each for year ended March 31, 2026
• Dividend subject to approval of shareholders

Subsidiary and Investments

• Wholly owned subsidiary Buildfort Infra Dev Pvt Ltd floated for real estate business
• Initial capital investment of Rs.1 lakh made; subsidiary yet to commence business
• Consolidated financials include subsidiary

Balance Sheet Highlights

• Consolidated total assets Rs.1,22,542.72 lakhs as of March 31, 2026
• Standalone total assets Rs.1,02,801.87 lakhs as of March 31, 2026
• Equity share capital and other equity increased compared to previous year

Cash Flow Highlights

• Net cash from operating activities Rs.20,543.98 lakhs for standalone FY 2026
• Net cash used in investing activities Rs.(9,562.01) lakhs for standalone FY 2026
• Net cash used in financing activities Rs.(4,551.56) lakhs for standalone FY 2026

Audit and Compliance

• Auditors reported no material misstatements or qualifications in audit reports
• Internal financial controls over financial reporting deemed adequate and effective
• No fraud or whistleblower complaints reported during the year
• Company complied with Companies Act provisions including director disqualifications and dividend payments
• No defaults on loans or debt securities; no public or preferential share issues during the year
• Accounting software with audit trail feature used and not tampered with
• No pending litigations impacting financial position
• No material foreseeable losses on long-term contracts

Governance and Other Disclosures

• No resignation of statutory auditors during the year
• No non-cash transactions with directors or related parties
• Related party transactions compliant with applicable laws and disclosed
• No acceptance of public deposits
• No cash losses incurred in current or preceding financial year
• No material uncertainty on ability to meet liabilities within one year