Board Meeting Details

The Board of Directors meeting was held on October 08, 2026, commencing at 11:30 AM and concluding at 12:20 PM.

Key Decisions and Approvals

The Board considered and approved:

  • Unaudited Consolidated & Standalone financial results for the quarter/half year ended September 30, 2026
  • Compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Financial Results Overview

Income Statement Highlights

  • Sales/Income from operations (inclusive of excise duty & VAT): ₹2,97,657 (amount in unspecified units, likely thousands)

Standalone Balance Sheet (as at September 30, 2026)

Assets:

  • Total Assets: ₹1,28,372.86
  • Non-Current Assets: ₹1,13,576.05
  • Property, Plant and Equipment: ₹4,042.35
  • Capital Work-In-Progress: ₹4,814.23
  • Investment Property: ₹21,671.89
  • Intangible Assets: ₹4.00
  • Financial Assets: ₹77,930.27 (Non-Current Investments: ₹65,963.74 + Other Non-Current Financial Assets: ₹11,966.53)
  • Non-Current Tax Assets (Net): ₹136.98
  • Other non-current assets: ₹4,976.33
  • Current Assets: ₹14,796.81
  • Inventories: ₹3,314.45
  • Trade receivables: ₹505.82
  • Cash and cash equivalents: ₹83.03
  • Other Bank Balances: ₹721.63
  • Other Current Assets: ₹74,477.34

Equity and Liabilities:

  • Total Equity: ₹1,13,690.57
  • Equity Share Capital: ₹2,285.54
  • Other Equity: ₹1,11,405.03
  • Liabilities: ₹14,682.29
  • Non-Current Liabilities: ₹118.27
  • Deferred Tax Liabilities: ₹83.63
  • Other non-current liabilities: ₹34.64
  • Current Liabilities: ₹14,602.72
  • Trade payables: ₹2,480.40
  • Other Current financial liabilities: ₹1,685.08
  • Other Current Liabilities: ₹10,236.08
  • Provisions: ₹762.46
  • Current Tax Liabilities (Net): Not specified

Standalone Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net Profit before tax: ₹10,294.40
  • Cash from Operating Activities: ₹9,553.02
  • Cash used in Investing Activities: ₹(7,776.71)
  • Cash used in Financing Activities: ₹(1,849.91)
  • Net change in Cash: ₹(73.60)
  • Cash at beginning: ₹156.63
  • Cash at end: ₹83.03

Dividend Information

  • Dividend Paid: ₹1,839.09 (half year ended September 30, 2026)

Operational Segments

The company's operation is confined to only one segment: Country Liquor.

Tax Provisions

Provision for taxation includes provision for current tax only.

Related Party Transactions

Substantial related party transactions were disclosed totaling ₹1,982.29 across multiple categories:

  • Remuneration payments to directors and officers
  • Lease rentals
  • Dividend payments
  • Loans and advances

Counterparties included:

  • Jimmy Almeida Kashyap (Chairman and Managing Director)
  • Jyoti Almeida Kashyap (Executive Director)
  • Kiran Parashare (Executive Director)
  • S Swaminathan (CFO)
  • Sandeep Kutchhi (Vice President Finance & Company Secretary)
  • Almeida Holdings Pvt Ltd (Promoter)
  • Buildfort Infradev Private Limited (Subsidiary Company)

All transactions were approved by the Audit Committee.

Debt and Default Status

No outstanding defaults on loans or debt securities as reported:

  • Loans from banks/financial institutions: Nil outstanding, Nil default
  • Unlisted debt securities: Nil outstanding, Nil default
  • Total financial indebtedness: Nil

Auditor Review

Statutory auditors V. P. Mehta & Co issued limited review reports for both standalone and consolidated financial results, confirming no material misstatements were identified.

Additional Information

  • Figures of previous year/period have been regrouped where necessary
  • The results were reviewed by the audit committee and taken on record by the Board
  • Documents uploaded to company website: www.gmbreweries.com

Subsidiary Information

Consolidated results include Buildfort Infradev Private Limited as a wholly owned subsidiary.