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Kati Patang Lifestyle Ltd, a BSE-listed craft beer company (BSE: 531126), has filed its Annual Report for FY 2024-25 along with the 33rd AGM notice scheduled for September 30, 2025 via video conferencing. The company, which owns the premium beer brand Kati Patang through its 98% subsidiary Empyrean Spirits Pvt Ltd, reported that revenue grew 2.8x in FY25 over FY24 and expects to cross ₹15 crore by year-end. Key business resolutions include approval of an ESOP Scheme 2025 with up to 45 lakh options (including 22.5 lakh to co-founder Ms. Lata Upadhyay), appointment of Gokul Naresh Tandan as Chairman & MD and Shantanu Upadhyay as JMD & CEO for 5-year terms, and approval of material related party transactions up to ₹15 crore with subsidiary Empyrean Spirits. The company raised ₹25 crore year-to-date and an additional ₹10 crore via share-swap, recently acquired a 23% stake in UK-based Chadlington Holdings Ltd, and is expanding into new markets including the US (six states), UK, and additional Indian states.
For shareholders, this filing reflects significant business momentum with revenue tripling year-on-year, international expansion, and a new fundraising round via share-swap (potentially dilutive). The ESOP scheme may dilute equity over time but aligns management incentives. Management's ambitious target to double revenues by FY26 and triple by FY27 signals aggressive growth expectations, though the company remains loss-making and is betting heavily on premium alco-bev expansion.