Sula Vineyards Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 25, 2026
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Sula Vineyards has announced the date for its 23rd Annual General Meeting scheduled for June 25, 2026, to be held via video conferencing. The company has fixed June 18, 2026 as the cut-off date for determining shareholder eligibility to vote through remote e-voting or e-voting during the AGM. The Annual Report for FY 2025-26, including audited financial statements for the year ended March 31, 2026, is being sent to shareholders. Key highlights from the report show Sula retained its position as India's largest wine company with over 60% market share in the elite and premium category. The Wine Tourism business crossed the INR 100 crore milestone for the first time, reaching INR 113 crore in FY26 with 21% YoY growth. Q4 FY26 showed recovery with 7% revenue growth as demand improved across key markets.
The AGM notice is a routine corporate event. However, the attached annual report shows the company is recovering from a challenging year with improving demand trends, strong Wine Tourism growth, and continued focus on premiumization. The company reduced net debt to INR 280 crore while maintaining 78.4% share of elite and premium wines in its portfolio.