Company Overview

Financial Performance Highlights

Financial Year 2025-26:

  • Net Sales/Income from Business Operations: ₹2,30,897.35 Lakhs (Previous Year: ₹1,94,261.38 Lakhs)
  • Other Income: ₹190.38 Lakhs (Previous Year: ₹86.81 Lakhs)
  • Total Income: ₹2,31,087.73 Lakhs (Previous Year: ₹1,94,348.19 Lakhs)
  • Total Expenditure: ₹2,27,469.07 Lakhs (Previous Year: ₹1,91,264.61 Lakhs)
  • Profit Before Tax: ₹3,618.66 Lakhs (Previous Year: ₹3,083.58 Lakhs)
  • Tax Expenses: ₹904.46 Lakhs (Previous Year: ₹786.62 Lakhs)
  • Profit After Tax: ₹2,714.20 Lakhs (Previous Year: ₹2,296.96 Lakhs)
  • Earnings Per Share (EPS): ₹16.91 (Previous Year: ₹14.33)
  • Growth in Net Profit: 18.16% year-on-year

Dividend Declaration

  • The Board of Directors has recommended a final dividend of ₹0.35 per equity share (3.5%) for FY 2025-26
  • Dividend subject to approval by shareholders at the Annual General Meeting
  • Record date for dividend payment: Wednesday, September 16, 2026
  • Dividend will be paid electronically within 30 days from declaration

Corporate Actions

14th Annual General Meeting Details:

  • Date: Wednesday, September 23, 2026
  • Time: 11:30 AM
  • Venue: Kenilworth Hotel, 1 & 2, Little Russel Street, Kolkata - 700071
  • Business to be transacted:

1. Adoption of audited financial statements for FY 2025-26

2. Declaration of final dividend

3. Re-appointment of Mrs. Roshni Bakshi (DIN: 08090225) as Director who retires by rotation

Share Transfer Book Closure: Thursday, September 17, 2026 to Wednesday, September 23, 2026 (both days inclusive)

Operational and Business Highlights

Distribution Network:

  • Current operations in Delhi NCR, West Bengal, Uttar Pradesh, Assam, Meghalaya and Tripura
  • Plans to enter Punjab and Haryana markets
  • Expanding to North Bengal markets (Jalpaiguri, Siliguri, Darjeeling and Dooars)

Brand Portfolio:

  • Secured exclusive pan-India distribution rights for Italian brands Famiglia Berta Wines Since 1942 & Bespoke Distillery Srl
  • Focus on premium category space of Gin, Liquors and Wines

Retail Operations:

  • Operates "The Liquor Exchange" retail outlet in Noida (2,000 square feet)
  • Planning to set up more retail chains across the country

Team Strength: 84+ employees

Capital Structure

  • Paid-up equity capital as on March 31, 2026: ₹16,05,12,000
  • No bonus shares issued or buyback of securities during the year
  • Shares are 100% dematerialized

Corporate Governance

Board Composition:

  • Total Directors: 8 (4 Executive, 4 Independent)
  • Managing Director: Mr. Ankush Bakshi
  • Chairman & Executive Director: Mr. Anuj Bakshi
  • Other Executive Directors: Mrs. Roshni Bakshi, Mrs. Kanika Bakshi
  • Independent Directors: Mr. Sathvik Jain, Mr. Arihant Jain, Mrs. Malti Jaiswal, Mr. Dinesh Shaw

Board Meetings: 8 meetings held during FY 2025-26

Committee Composition:

  • Audit Committee: Mr. Sathvik Jain (Chairperson), Mrs. Malti Jaiswal, Mr. Ankush Bakshi
  • Stakeholders Relationship Committee: Mrs. Malti Jaiswal (Chairperson), Mr. Dinesh Shaw, Mr. Sathvik Jain
  • Nomination and Remuneration Committee: Mr. Arihant Jain (Chairperson), Mrs. Malti Jaiswal, Mr. Sathvik Jain
  • Corporate Social Responsibility Committee: Mr. Sathvik Jain (Chairperson), Mrs. Kanika Bakshi, Mrs. Roshni Bakshi

Auditors and Compliance

Statutory Auditors: JKSS & Associates (Formerly J.K. Sarawgi & Company), Chartered Accountants (Firm Registration No. 006836C)

  • Re-appointed for second term of 5 consecutive years until conclusion of 16th AGM
  • Audit Fees: ₹5.25 Lakhs for audit and non-audit services

Secretarial Auditor: Mr. Anurag Fatehpuria, Practicing Company Secretary

Internal Auditor: M/s Swapan & Associates, Chartered Accountants

Registrar and Share Transfer Agent: Maheshwari Datamatics Pvt Ltd

All auditor reports contain no qualifications, reservations or adverse remarks.

Risk Factors

Key business risks identified:

1. Competition Risk - Evolving liquor industry with increased competition

2. Regulatory Risk - High taxes and state-specific regulations affecting pricing flexibility

3. Cyber Security Risk - Data security and information breach concerns

4. Compliance Risk - Legal, financial or reputational repercussions from non-compliance

5. Economic Risk - Slowdown in global economic growth affecting disposable income

6. Inflation Risk - Fluctuation in commodity prices

CSR Activities

  • CSR Expenditure for FY 2025-26: ₹10.00 Lakhs
  • Required CSR Spending: ₹45.37 Lakhs (2% of average net profit)
  • Shortfall: ₹35.37 Lakhs
  • Focus areas: Promoting education and healthcare in backward areas

Credit Rating

India Ratings and Research assigned credit rating:

  • Bank Loan Facilities: 'IND BBB'/STABLE/IND A3+

Shareholding Pattern (as on March 31, 2026)

  • Promoter & Promoter Group: 66.97% (1,07,49,000 shares)
  • Public Shareholding: 33.03% (53,02,200 shares)
  • Individuals: 22.01%
  • NRI/OCB: 6.91%
  • Bodies Corporate: 1.59%
  • HUF: 1.70%
  • LLP: 0.78%
  • Clearing Members: 0.04%

Important Dates

  • E-voting period: September 20, 2026 (9:00 AM) to September 22, 2026 (5:00 PM)
  • Cut-off date for voting rights: September 16, 2026
  • Dividend record date: September 16, 2026
  • AGM date: September 23, 2026