🔍

GMBREW - G M Breweries

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

📢 Recent Corporate Announcements

GM Breweries Reports Full Compliance with SEBI SDD Regulations for Q4 FY26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 15 Apr 2026, 11:56 AM

GM Breweries Limited has filed its compliance certificate for the Structured Digital Database (SDD) for the quarter ended March 31, 2026. The company confirms adherence to SEBI (Prohibition of Insider Trading) Regulations, maintaining an internal, non-tamperable system to track Unpublished Price Sensitive Information (UPSI). During the reporting period, the company successfully captured one required UPSI event in its database. This filing is a routine procedural requirement to demonstrate transparency and regulatory compliance regarding insider trading controls.

Certified compliance with Regulation 3(5) and 3(6) of SEBI (PIT) Regulations, 2015
Captured 1 specific UPSI event in the database during the quarter ended March 31, 2026
Maintains an internal, non-tamperable database with an audit trail and 8-year record capability
Confirmed strict access controls for the Structured Digital Database

💡 This is a routine regulatory filing indicating sound corporate governance and compliance with insider trading norms. No specific action is required from investors based on this announcement.

GM Breweries Reports Nil Dematerialization Requests for Quarter Ended March 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 11 Apr 2026, 12:44 PM

GM Breweries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Purva Sharegistry (India) Pvt. Ltd., confirms that all procedures for dematerialization of securities were followed for the period from January 1, 2026, to March 31, 2026. Notably, the filing indicates that zero (NIL) share certificates were received or processed for dematerialization during this quarter. This is a standard regulatory filing ensuring the reconciliation of share capital between the company and depositories.

Compliance certificate submitted for the quarter ended March 31, 2026.
Registrar and Share Transfer Agent confirmed zero (NIL) shares were dematerialized during the period.
Confirmation provided that all regulatory timelines for depository record updates were met.
The filing covers the ISIN INE075D01018 for GM Breweries Limited.

💡 No action is required as this is a routine regulatory disclosure with no impact on company fundamentals. Investors should monitor upcoming earnings reports for material financial updates.

GM Breweries Promoters Declare Zero Pledged Shares as of March 31, 2026

🟢 POSITIVE ⭐ 4/10

ROUTINE 📅 09 Apr 2026, 08:05 PM

The promoters of GM Breweries Limited have submitted a formal declaration under Regulation 31(4) of the SEBI (SAST) Regulations for the period ending March 31, 2026. The filing confirms that the promoter group has not encumbered or pledged any of their shares, either directly or indirectly, during the financial year. This disclosure is a standard annual compliance requirement that ensures transparency regarding promoter shareholding. A zero-pledge status is a positive sign of promoter financial stability and commitment to the company.

Promoters declared 0% encumbrance on their shareholding as of March 31, 2026.
Compliance filing under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The declaration covers the entire promoter group including Jimmy Almeida and Almeida Holdings Private Limited.

💡 Investors should take note of the zero-pledge status as a sign of healthy corporate governance. No immediate portfolio action is required as this is a routine annual confirmation of the existing shareholding structure.

GM Breweries Recommends 90% Dividend of Rs 9 Per Share for FY26

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 09 Apr 2026, 12:29 PM

GM Breweries Limited has announced its audited financial results for the fiscal year ending March 31, 2026. The Board of Directors has recommended a final dividend of Rs. 9 per equity share, representing a 90% payout on the face value of Rs. 10. This recommendation is subject to shareholder approval at the upcoming Annual General Meeting. The company's consolidated financial statements include its subsidiary, Buildfort Infra dev Private Limited, and have received a clean audit report.

Recommended a final dividend of 90%, which translates to Rs. 9 per equity share of Rs. 10 face value.
Approved audited standalone and consolidated financial results for the full year ended March 31, 2026.
The consolidated results incorporate the performance of subsidiary Buildfort Infra dev Private Limited.
Statutory auditors V. P. Mehta & Co. issued an unqualified audit report for the financial year.

💡 The high dividend payout is a positive sign for yield-focused investors; however, one should review the full financial tables for revenue and margin trends once available. Existing shareholders should hold to remain eligible for the proposed dividend pending AGM approval.

GM Breweries Appoints Purva Sharegistry as New Registrar and Transfer Agent

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Apr 2026, 05:13 PM

GM Breweries Limited has transitioned its Registrar and Share Transfer Agent (RTA) from MUFG Intime India Pvt. Ltd. to Purva Sharegistry (I) Pvt. Ltd. The change was formally implemented in the depository systems of NSDL and CDSL on March 24, 2026, and a new agreement was signed on April 01, 2026. This is a routine administrative update regarding the management of shareholder records and transfer processes. The company has provided updated contact details for the new RTA to facilitate shareholder communications.

Changed RTA from MUFG Intime India Pvt. Ltd. to Purva Sharegistry (I) Pvt. Ltd.
Formal agreement with the new RTA was executed on April 01, 2026.
NSDL and CDSL system connectivity for the new RTA was established on March 24, 2026.
New RTA contact numbers are 022-47343255 and 022-41343256 for shareholder queries.

💡 No action is required for demat shareholders; however, physical share certificate holders should direct all future transfer and registry correspondence to Purva Sharegistry.

GM Breweries to Close Trading Window from April 7, 2026, Ahead of Financial Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Mar 2026, 10:34 AM

GM Breweries Limited has announced the closure of its trading window for all designated persons in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will be closed starting April 07, 2026, to prevent insider trading before the company's financial disclosure. The window is scheduled to reopen 48 hours after the publication of the un-audited financial results. The expected date for the results announcement is April 11, 2026.

Trading window closure begins on April 07, 2026.
Un-audited financial results are expected to be declared on April 11, 2026.
Window remains closed until 48 hours post-result publication.
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 This is a routine regulatory announcement and requires no immediate action. Investors should monitor the upcoming financial results on April 11, 2026, for performance updates.

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.

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.