Shri Gang Industries & Allied Products Ltd

Shri Gang Industries and Allied Products Limited — Trading window closed from October 01, 2026; re-open 48 hours after the announcement of the Un-Audited financial results for the quarter and half year ended 30.09.2026.

AGM details

• AGM held 26 Sep 2026 at 3:30 PM IST via Video Conferencing.
• Attendance not required physically due to MCA Circulars.
• Remote e-voting: 23–25 Sep 2026.
• Cut-off date: 19 Sep 2026; 14,713 shareholders entitled.
• Scrutinizer: Vijay Jain & Co., Company Secretaries.

Resolutions and outcomes

• Resolution 1: Adoption of standalone financial statements; 55 in favour, 2 against; passed.
• Resolution 2: Re-appointment of director (Sanjay Kumar Jain); 53 in favour, 4 against; passed.
• Resolution 3: Special resolution to alter FCW objects; passed (all in favour).
• Resolution 4: Increase in COO Varun Gupta's remuneration; 41 in favour, 22,834 against; passed.

AGM details

• Date/time/mode: 26 September 2026, 03:30 PM, via VC/OAVM.
• Remote e-voting period: 23–25 September 2026.
• Attendance: 47 members.
• Proxies not applicable due to VC/OAVM.

Key resolutions

• Adoption of standalone audited financial statements and Board/Auditors’ reports.
• Director re-appointment by rotation: Sanjay Kumar Jain.
• Alteration of FCW objects for utilisation of funds.

Related party transactions

• Remuneration increase for COO Varun Gupta; related party; value not disclosed.

Voting status

• Voting results pending; to be declared within two working days.
• Results to stock exchanges and posted on company website and CDSL.

Key governance actions

• Deferral of increase in Authorized Share Capital and related MOA alterations.
• Deferral of issuances of equity or convertible instruments to a future board date.
• Alteration/variation of FCW objects for fund utilisation, subject to shareholders' approvals.
• Draft notice of the 37th AGM scheduled for Sep 26, 2026 via video conferencing.
• Appointment of Scrutinizer for conducting voting at the 37th AGM.
• AGM notice and FY2025-26 Annual Report to be sent electronically and posted online.

Shri Gang Industries and Allied Products Limited - Trading window closed for designated persons from Aug 26, 2026 to 48 hours after the Aug 31, 2026 Board Meeting to consider and approve alteration in share capital; window to reopen 48 hours after conclusion.

Meeting Details

• Board meeting scheduled for August 31, 2026; time and venue not disclosed.

Key Agenda Items

• Increase in Authorised Share Capital and amendment to Memorandum of Association.
• Issuance of instruments including equity shares/ convertible securities via preferential issue/ rights issue/ QIP.
• Other routine matters brought before the Board with Chairperson’s consent.

Other Notes

• Trading window closed from today until 48 hours after the meeting concludes.

Business Overview

• Integrated alco-bev manufacturer in UP with 66 KLPD ENA and 10-line bottling plant.
• Diageo/USL exclusive contract manufacturing with UPML brands Golden Cascade and Bulldozer.
• LOI with Tilaknagar Industries for 2 lakh cases per month improves volume visibility.

Key Operational Highlights

• Civil work for bottling expansion underway; commissioning expected by December 2026.
• Capex for ENA expansion: INR 39 Cr; deployment planned FY27–FY28.
• Target capacity expansion to 10 million cases; ENA integration enhances margins.
• FY26 Diageo KPIs: 2.9 million cases; 8.72 mn litres ENA; Rs 236 Cr revenue.
• Diageo contract accounts for ~70% of bottling capacity.

Financial Performance

• Q1FY27 net revenue Rs 84 Cr; PAT Rs 2.06 Cr; revenue broadly flat YoY.
• Q1FY27 gross margin 24%; EBITDA 5 Cr; EBITDA margin 6%.
• FY26 net revenue 366 Cr; EBITDA 36 Cr; PAT 19 Cr; GP 26%; EBITDA 10%; PAT 5%.

Capital Structure & Liquidity

• Net worth positive in FY25; promoters infused capital via warrants in FY26.
• Debt: long-term borrowings 36 Cr; short-term borrowings 14 Cr; cash 0.1 Cr.
• CFO/EBITDA 0.72x; Debt-EBITDA 1.4x.

Strategic Priorities & Outlook

• Expand UPML brands and scale Diageo partnership; evaluate third-party IMFL brands.
• Capex INR 39 Cr for ENA expansion; 25% in FY27, balance FY28.
• Aim to reach 10 Mn annual cases; explore acquisitions/brand-building in UPML/IMFL.

Risks & Mitigation

• Concentration risk from Diageo/USL; mitigated by Tilaknagar LOI volumes.
• Near-term demand visibility aided by Tilaknagar LOI volumes.
• Capex deployment planned FY27–FY28 to support expansion.

Governance & Leadership

• Chairman: Sanjay Kumar Jain; COO: Varun Gupta; Whole-time Director: Arun Kumar Sharma.
• Promoters infused capital via warrants in FY26.