G M Breweries Limited declared a final dividend of 90% for the financial year ended March 31, 2026, at its 43rd Annual General Meeting held on May 28, 2026. The dividend will be payable on 2,28,46,923 fully paid equity shares of Rs. 10 each. Shareholders approved the adoption of the audited financial statements for the year ended March 31, 2026, which contained no adverse qualifications affecting the company's functioning.

The Chairman, Mr. Jimmy Almeida Kashyap, informed members that the company delivered a commendable performance despite challenging market conditions, including high prices for raw materials and packing materials throughout the financial year. The meeting was conducted through video conferencing and other audio-visual means, with 80 members in attendance.

Board Appointments and Approvals

Shareholders re-appointed Mrs. Jyoti Almeida Kashyap and Mr. Kiran Parashare as directors of the company. Both directors retire by rotation and were eligible for re-appointment. Additionally, the members approved the appointment of Mr. Kiran Parashare as Whole Time Director of the company for a period of five years, effective from April 1, 2026.

The remuneration package for Mr. Kiran Parashare includes a monthly salary in the scale of Rs. 3,00,000 to Rs. 5,00,000. The resolution outlines perquisites such as housing or house rent allowance, car, medical reimbursement, and leave travel concession, limited to actuals or the annual salary, whichever is less. In the event of inadequate profits in any financial year, the remuneration will be governed by Section II of Part II of Schedule V to the Companies Act, 2013.

Voting and Scrutiny Details

All resolutions were passed via remote e-voting and voting during the AGM. The remote e-voting facility was available from May 25, 2026, to May 27, 2026. Ms. Kala Agarwal, a practicing company secretary, acted as the scrutinizer for the voting process and issued her report on May 28, 2026. The voting results were announced on the same day and submitted to the Bombay Stock Exchange and National Stock Exchange.

G.M. Breweries Limited held its 43rd Annual General Meeting on May 28, 2026, through video conferencing, approving a final dividend of ₹9 per equity share for FY26. Shareholders also sanctioned the re-appointment of Mrs. Jyoti Almeida Kashyap and Mr. Kiran Parashare as Directors, and appointed Mr. Kiran Parashare as Whole Time Director with fixed remuneration. The meeting, chaired by Mr. Jimmy Almeida Kashyap, Chairman & Managing Director, commenced at 11.30 A.M. and concluded at 12.13 P.M.

Remote e-voting was conducted from 9.00 A.M. on May 25, 2026, to 5.00 P.M. on May 27, 2026, with e-voting facilities also available during the meeting. A total of 80 shareholders attended the meeting via video conferencing, comprising 3 from the Promoters and Promoter Group and 77 from the Public category. The scrutinizer for the voting process was Kala Agarwal, Practicing Company Secretary.

Voting Summary

All five resolutions were passed with the requisite majority. The adoption of financial statements and the dividend declaration received near-unanimous approval. The re-appointment of Mr. Kiran Parashare saw 8,550 votes against, while his appointment as Whole Time Director had 553 votes against.

Participation Details

The business transacted included the adoption of audited financial statements for the year ended March 31, 2026. The Chairman addressed the members regarding the company's workings and prospects for the financial year 2026-2027 and satisfactorily answered queries raised by the members. The voting window remained open for an additional 15 minutes post-conclusion to facilitate shareholder participation.