Grand Oak Canyons Distillery Limited will hold a board meeting on September 4, 2026, to consider the issuance of 206,70,00,000 unlisted 2% Non-Convertible Preference Shares (NCPS). The company, formerly known as Pacheli Industrial Finance Limited, seeks to raise capital through this preferential allotment subject to member approval.

The Grand Oak Canyons Distillery board intends to approve the reclassification of its authorized share capital by creating preference share capital. This structural change requires subsequent approval from members at the ensuing Annual General Meeting (AGM), along with necessary statutory and regulatory clearances.

Agenda Details

The meeting, scheduled at the company’s registered office in Goregaon East, Mumbai, covers three primary resolutions:

• Reclassification of authorized share capital to create preference share capital.
• Issuance of 206,70,00,000 unlisted 2% NCPS on a preferential basis.
• Consequential alteration of the Capital Clause in the Memorandum of Association.

Prabhakar Kumar, Managing Director, signed the intimation pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolutions are contingent upon shareholder approval and relevant regulatory permissions.

Grand Oak Canyons Distillery reported a consolidated net loss of ₹502.73 lakh for the quarter ended June 30, 2026, a significant widening from the ₹4.45 lakh loss in the corresponding period last year.

The standalone entity recorded a narrower loss of ₹1.75 lakh, compared to ₹4.22 lakh in Q1FY26. The Board of Directors approved the unaudited financial results on August 12, 2026, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

Financial Performance

Total income from operations stood at ₹7.65 lakh for both standalone and consolidated entities, remaining flat against ₹7.72 lakh in the previous year's quarter. Other income was nil for the current quarter, whereas it contributed ₹3.19 lakh in the preceding quarter (Q4FY26).

Finance costs declined to ₹0.80 lakh from ₹1.35 lakh in the prior year quarter. However, other expenses remained elevated at ₹8.60 lakh compared to nil in the corresponding period.

What the Numbers Show

The divergence between standalone and consolidated results highlights a heavy reliance on associate performance. While the parent company’s operations incurred only a marginal loss of ₹1.75 lakh, the consolidated statement reflects a ₹500.98 lakh loss from associates and joint ventures. This single line item accounts for over 99% of the total consolidated loss, indicating that the group’s financial health is currently dictated by the performance of its equity investments rather than its core operational activities.

Auditor Review and Compliance

VRSK & Associates conducted the limited review of the interim financial information under Standard on Review Engagements (SRE) 2410. The auditors noted that interest on loans given and taken was not provided in the statements but confirmed no material misstatement otherwise. The company also submitted an undertaking confirming that Regulation 32 regarding deviation in use of proceeds is not applicable, as no public, rights, or preferential issues were made during the quarter.