GM Breweries Limited has informed the Exchange with copy of minutes of Annual General Meeting held on May 29, 2025
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GM Breweries held its 42nd AGM on May 29, 2025, via video conferencing, with 72 members in attendance. All six resolutions were passed with the required majority, including approval of the audited financial statements for FY25 and confirmation of a final dividend at 75% on 2,28,46,329 equity shares of Rs. 10 each. Two directors — Mrs. Jyoti Almeida Kashyap and Mr. Kiran Parashare — were re-appointed by rotation, and Mrs. Jyoti Almeida Kashyap was separately appointed as Whole Time Director for 5 years from April 1, 2025 with a monthly salary in the Rs. 11 lakh to Rs. 15 lakh range. M/s. Kala Agarwal was appointed as Secretarial Auditor for a 5-year term starting FY2025-26. The Chairman highlighted that the company delivered a commendable performance despite high raw material and packing material costs, and the auditor's report had no qualifications or adverse observations.
The 75% final dividend is a concrete cash return to shareholders, and the clean auditor's report with no qualifications is a positive governance signal. The re-appointments of existing directors and the 5-year WTD appointment for Mrs. Jyoti Almeida Kashyap indicate continuity in leadership with no major strategic disruption for retail investors.