33rd AGM results: All 4 resolutions passed, warrants issue to promoters approved
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On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 3.2 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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33rd AGM held on Sep 29, 2026 via video conferencing. All 4 resolutions passed. Three ordinary resolutions (standalone and consolidated FY26 accounts adoption, reappointment of Mr. Rajat Batra as Non-Executive Director) passed with over 99.99 percent in favor. Special resolution to issue convertible equity warrants to promoters on preferential basis also passed with 99.97 percent in favor; promoter votes of 5.02 crore shares were excluded as interested party.
Routine resolutions passed easily. Warrants issue to promoters may dilute existing public shareholders; final terms and pricing to be announced separately.