Asgard Alcobev logo

Asgard Alcobev MD, chairman, board of directors and AGM

BSE: 512025BeveragesSmall Cap

Last close ₹30.31down ₹0.71 (2.29%)

Share price at the BSE close on 23 Oct 2026. Previous close ₹31.02.

52-week range of traded prices to 23 Oct 2026
₹27.21Low, 17 Jul 2026₹63.00High, 16 Dec 2025
Market cap
₹944 Cr1,701st largest listed
P/E
405.2
P/E without one-offs
229.5
P/B
21.4
Dividend yield
Nonein the last 12 months
ROE
7.8%
ROE without one-offs
13.8%
ROCE
6.2%
Debt to equity
1.48
Volume, BSE
31,730

Asgard Alcobev board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonRONAK JAIN

7 directors3 independent3 executive1 non-executive

  • RONAK JAIN · ChairpersonExecutive · joined Mar 2026 · 4 months as independent · 1 listed board
  • PRIYANKA JAINNon-executive · joined Mar 2026 · 4 months as independent · 1 listed board
  • BINIT SINGHANIAExecutive · joined Mar 2026 · 4 months as independent · 1 listed board · 1 committee seat
  • SWAMINATHAN MURALIDHARANExecutive · joined Jan 2026 · 6 months as independent · 1 listed board · 1 committee seat
  • KESHAVA LAKSHMINARAYANA PATKARIndependent · joined Feb 2026 · 5 months as independent · 1 listed board · 1 as independent
  • MITADAR PRABHUIndependent · joined Dec 2025 · 7 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • MUNDRATH RAVINDRANATHANIndependent · joined Dec 2025 · 7 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

5 directors who left
  • GAURI SATISH CHIPLUNKAR, left 17 Jun 2026: Others
  • CHETAN KARBHARI DHATRAK, left 9 Feb 2026: Others
  • KARBHARI PANDURANG DHATRAK, left 5 Feb 2026: Others
  • JAYSHREE KARBHARI DHATRAK, left 5 Feb 2026: Others
  • RAMESH KACHARU RAKH, left 5 Feb 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 27 Jun 20265 of 7 present2 independent · 27 days in between
    • 30 May 20266 of 8 present3 independent · 69 days in between
    • 21 Mar 20268 of 8 present4 independent · 1 day in between
    • 19 Mar 20265 of 5 present4 independent · 28 days in between
    5 earlier meetings
    • 18 Feb 20265 of 5 present4 independent · no day in between
    • 17 Feb 20265 of 5 present4 independent · 4 days in between
    • 12 Feb 20265 of 5 present4 independent · 9 days in between
    • 2 Feb 20268 of 8 present4 independent · 4 days in between
    • 28 Jan 20267 of 7 present4 independent
  • Audit Committee

    Chair MUNDRATH RAVINDRANATHAN

    MITADAR PRABHU, BINIT SINGHANIA

    • 27 Jun 20262 of 3 present1 independent · 27 days in between
    • 30 May 20263 of 3 present2 independent · 106 days in between
    • 12 Feb 20263 of 3 present3 independent
  • Nomination and remuneration committee

    Chair MUNDRATH RAVINDRANATHAN

    MITADAR PRABHU, KESHAVA LAKSHMINARAYANA PATKAR

    • 27 Jun 20262 of 3 present2 independent · 99 days in between
    • 19 Mar 20263 of 3 present3 independent · 34 days in between
    • 12 Feb 20263 of 3 present3 independent · 9 days in between
    • 2 Feb 20263 of 3 present3 independent · 4 days in between
    1 earlier meeting
    • 28 Jan 20263 of 3 present2 independent
  • Stakeholders Relationship Committee

    Chair MUNDRATH RAVINDRANATHAN

    MITADAR PRABHU, SWAMINATHAN MURALIDHARAN

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Batliboi & PurohitPeer-review certificate valid to Apr 2028
1 earlier auditor
  • Jain Chhajed & AssociatesNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Asgard Alcobev AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Asgard Alcobev share news and announcements

Annual general meeting, 30 Sep 2026

5,588 shareholders on the register on 24 Sep 2026; present: 3 promoters and 47 others; votes counted by Krishna Shyam Sunder Rathi / Krishna Rathi & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited (Standalone and Consolidated) Financial Statement of the Company for the financial year ended March 31, 2026 together with the report of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  2. To appoint a director in place of Mr. Swaminathan Muralidharan (DIN:11499464), who retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  3. To appoint ADV & Associates (FRN: 128045W), Chartered Accountants, as Statutory Auditors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  4. To appoint Mrs. Kalpana Srinivasan, Practising Company Secretary, as Secretarial Auditor of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  5. Approval of remuneration payable to Mr. Binit Singhania, Executive Director and Chief Financial Officer (CFO) of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  6. To approve, payment of Remuneration to Mr. Swaminathan Muralidharan, Executive Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  7. Approval under Section 186(3) of the Companies Act, 2013 for investment in equity shares of CMJ Breweries Private Limited pursuant to conversion of outstanding inter-corporate deposit
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesFeb 202621.90To make repayment of existing Debt of subsidiary, CMJ Breweries Private Limited8.548.54No
Preferential IssuesFeb 202621.90General Corporate purpose2.852.85No
Preferential IssuesFeb 202621.90Issue related expense0.500.50No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.