Shri Gang Industries and Allied Products Limited has submitted an application to BSE Limited seeking approval for the reclassification of four individuals from the 'Promoter & Promoter Group' category to the 'Public' category. The application was filed on May 12, 2026, pursuant to Regulation 31A(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The individuals subject to this reclassification are Mr. Ajay Gupta, Mr. Shailesh Gupta, Mr. Siddharth Gupta, and Mr. Ramesh Gupta.

This development follows the Board of Directors meeting held on May 7, 2026, where the reclassification request was initially approved. The Board had determined that the Outgoing Promoters are not in control of the company's management, collectively hold less than 10% of voting rights, and do not possess any special rights. The approval is subject to necessary regulatory clearances.

Financial Performance

During the same meeting, the Board approved the audited financial results for the quarter and year ended March 31, 2026. For the financial year, the company reported total income from operations of INR 40,304.01 lakhs, compared to INR 35,323.98 lakhs in the previous year. Net profit for the year stood at INR 1,860.62 lakhs, down from INR 2,932.51 lakhs in the prior year.

The table below summarises the key financial figures for the year and quarter ended March 31, 2026:

Operational Highlights

Revenue from operations for the year increased to INR 40,233.56 lakhs from INR 35,262.37 lakhs in the prior year. Segment-wise, Liquor operations contributed INR 40,191.14 lakhs, while Edible Oils operations contributed INR 42.42 lakhs. During the year, the company received INR 3,213.62 lakhs towards a refund of state government duties and taxes deposited in relation to products manufactured in its liquor segment. Additionally, the company issued 13,00,000 equity shares of ₹10 each by conversion of Compulsorily Convertible Preference Shares and issued 7,50,000 Sweat Equity Shares to an employee.

Shri Gang Industries and Allied Products Limited filed its Q4 & FY26 investor presentation with BSE Limited on May 12, 2026. The filing highlights the company's evolution into a fully integrated alcobev manufacturer, detailing its financial performance, strategic partnerships, and expansion plans. The presentation underscores a robust financial position with net worth turning positive in FY25 and continued operational profitability.

Financial Performance Highlights

The company reported a net revenue of ₹366 crore for FY26, a 13% increase from ₹324 crore in the previous year. However, Profit After Tax (PAT) declined by 37% to ₹19 crore compared to ₹29 crore in FY25. For the quarter ended Q4FY26, net revenue stood at ₹80 crore, while PAT was ₹2 crore. The company maintained a stable leverage position with a Net Debt/EBITDA ratio of 1.4x and an interest coverage ratio of 6.2x for FY26.

Strategic Partnerships and Operations

A significant driver of Shri Gang Industries' business is its exclusive contract manufacturing agreement with United Spirits Ltd (USL), a subsidiary of Diageo PLC. Approximately 75% of the company's bottling capacity is dedicated to producing premium IMFL and Scotch brands such as Signature, McDowell's No.1, and Royal Challenge. In 2026, the company secured a Letter of Intent (LOI) from Tilaknagar Industries for bottling 2 lakh cases per month, with the bottling line expected to be commissioned by the end of FY27.

Expansion and Future Outlook

The company is evaluating strategic growth plans, including expanding its bottling capacity from 5.6 million cases to 10 million cases. It has earmarked a total capex of ₹39 crore for ENA distillery expansion, with approximately 25% to be deployed in FY27 and the balance in FY28. The company's manufacturing facilities in Uttar Pradesh provide a strategic locational advantage, ensuring access to raw materials like maize and rice in India's grain belt.

Source: Company/INE241V01018/53487cc2-720a-42a0-b2ec-d974509b5ba9.pdf