AGM Summary & transcript
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Kati Patang Lifestyle Ltd held its 33rd AGM on 30 September 2025 via video conference (09:02 AM to 09:29 AM), with 65 shareholders present. Chairman Gokul Naresh Tandan said the company achieved record production and deliveries after acquiring a 98% stake in Empyrean Spirits Pvt Ltd, marking its entry into the alcoholic beverages business via the premium Kati Patang beer brand, available in India, UK and the US. The company recently closed a Rights Issue of 1,02,56,651 partly paid-up shares at Rs. 20 each, aggregating Rs. 20.51 crore, oversubscribed by more than 10%. Joint MD & CEO Shantanu Upadhyay outlined expansion into Uttarakhand, Rajasthan and Chhattisgarh, a 23% UK stake in CHADKP Holdings, and approval from J D Wetherspoons (800+ UK venues) for national rollout. Shareholders voted on 9 resolutions including director re-appointments, related party transactions, and a new ESOP scheme; the auditors' report had no qualifications.
Reaffirms the company's pivot into the fast-growing alcoholic beverages sector, with successful capital raise (oversubscribed rights issue) and clear international expansion runway — supportive for shareholders tracking the alcobev growth story. Approval of the ESOP 2025 scheme also signals intent to attract talent as the business scales.