Announced Mon, 1 Jun · 09:20 IST

Appointment of Internal Auditor

Management Changes View source PDF

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AI summary

The board, at its meeting on May 30, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and appointed Dinesh Bajaj & Company, Chartered Accountants, as Internal Auditors for FY 2026-27. On a consolidated basis, FY26 revenue fell to about Rs. 1,345 lakhs (from Rs. 1,837 lakhs last year) while the net loss widened sharply to roughly Rs. 955 lakhs (from a Rs. 480 lakh loss), with beer revenue dipping to Rs. 1,224 lakhs from Rs. 1,661 lakhs. Standalone FY26 net loss was Rs. 189 lakhs versus Rs. 83 lakhs in the prior year, and consolidated EPS stood at Rs. -2.15. The auditor (Rajesh Raj Gupta & Associates LLP) issued an unmodified opinion. The filing also details business expansion into Haryana, Chandigarh, Uttarakhand and Chhattisgarh, a Royal Enfield co-branded beer launch in Goa, a new Roorkee lease line, an increased 51% stake in UK-based ChadKP Holdings, and a 100% acquisition of wine and spirits player Agnetta International via a share swap.

Likely market impact

Losses nearly doubled and revenue contracted on a consolidated basis, signalling that ongoing expansion and acquisitions are still dragging on near-term profitability despite a wider distribution footprint. The Agnetta acquisition and UK stake hike could diversify income over time, but shareholders should expect continued pressure on margins and the stock until integration synergies kick in.