About G M Breweries Limited (GMBL)

G M Breweries Limited (GMBL) is a leading Indian manufacturer of country liquor, incorporated on December 9, 1981, and headquartered in Mumbai, Maharashtra. The company’s registered office is located at Ganesh Niwas, Veer Savarkar Marg, Prabhadevi, Mumbai–400025. It operates as a standalone entity, with its equity shares listed on both the BSE Limited (Scrip Code: 507488) and the National Stock Exchange of India Limited (Symbol: GMBREW).

The company’s operations are entirely focused on manufacturing and selling country liquor, classified under NIC Code 11012, which accounts for 100% of its turnover. Its products primarily cater to lower and middle-income consumers, reflecting its focus on mass-market alcoholic beverages. All operations are domestic, with no export sales, and are concentrated within one Indian state.

GMBL’s manufacturing facility is situated at Village Narangi, S. Veer Savarkar Marg, Virar (East), District Palghar, Maharashtra, supported by a centralised corporate office in Mumbai. The company maintains a long-standing reputation for financial discipline, operational consistency, and adherence to SEBI’s corporate governance regulations. It presented its 42nd Annual Report for the year ended March 31, 2025.

The company has no subsidiaries, associates, or joint ventures, operating as a single-entity structure under a focused business model.

Business Overview

• Product Segment: Country Liquor – 100% of turnover 
• Geographical Mix: Domestic – 100%; Exports – 0.00% 
• Manufacturing Base: One plant (Virar, Maharashtra) 
• Target Market: Lower and middle-income consumer segment 

Key Management

• Mr. Jimmy Almeida Kashyap – Chairman & Managing Director 
• Mrs. Jyoti Almeida Kashyap – Whole-Time Director 
• Mr. Kiran Parashare – Whole-Time Director 
• Mr. S. Swaminathan – Chief Financial Officer 
• Mr. Sandeep Kutchhi – Vice President (Finance) & Company Secretary 

Latest Updates (FY2024–25)

• Board and Governance: 
  • Six Board Meetings were held during FY2024–25—on April 04, May 27, July 09, October 10, 2024; January 07, and March 06, 2025. 
  • Two Independent Directors, Mr. Dilip J. Diwan and Mr. Paresh N. Trivedi, retired during the year. 
• Committee Reconstitution: 
  • Following the retirement of Mr. Diwan, the Audit Committee was reconstituted at the July 09, 2024 meeting, with Mr. Shantilal V. Haria appointed as Chairman, and Mrs. Urmi Shah and Ms. Shivani Soni added as members. 
• Capital Actions: 
  • The company issued 45,69,385 bonus equity shares during the year in the ratio of 1:4, increasing the paid-up share capital to Rs 2,284.69 lakh (2,28,46,923 equity shares of Rs 10 each) as on March 31, 2025. 
• Shareholder Communication: 
  • The 42nd Annual General Meeting (AGM) is scheduled for Thursday, May 29, 2025, at 11:30 A.M., through video conferencing/other audio-visual means (VC/OAVM). 
• Operational Continuity: 
  • The company confirmed no material change in the nature of its business during the year. Its operations remain concentrated within Maharashtra, with no export activity. 
• Corporate Compliance: 

The company continues to comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable corporate governance standards.