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

Shri Gang Industries and Allied Products Limited has informed BSE Limited of a significant development in its ongoing tax dispute, pursuant to a disclosure originally made on April 01, 2026. The company has filed a Writ Petition with the Hon'ble High Court of Judicature at Allahabad, challenging a tax order issued by the Deputy Commissioner, State Tax, Sikandrabad, Uttar Pradesh.

Background of the Tax Order

The matter pertains to an order received under Section 9(2) of the Central Sales Tax, 1956 and Section 28(2)(ii) of the UP VAT Act, issued by the Deputy Commissioner, State Tax, Sikandrabad, Uttar Pradesh. The company had first disclosed the receipt of this order on April 01, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

High Court Proceedings and Interim Relief

Following the filing of the Writ Petition, the Hon'ble High Court of Judicature at Allahabad has passed interim directions in the matter. The key directives issued by the court are summarised below:

The interim stay granted by the High Court means that the tax order currently has no operative effect on the company until the matter is taken up again for hearing.

Regulatory Disclosure

The update was communicated to BSE Limited on May 07, 2026, under Regulation 30 of the SEBI Listing Regulations, by Kanishka Jain, Company Secretary and Compliance Officer of Shri Gang Industries and Allied Products Limited. The disclosure references the earlier intimation dated April 01, 2026, ensuring continuity of information provided to the exchange regarding this legal matter.