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GM Breweries MD, chairman, board of directors and AGM

NSE: GMBREWBSE: 507488BeveragesSmall Cap

Last close ₹790.80down ₹35.20 (4.26%)BSE ₹790.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹826.00.

52-week range of traded prices to 23 Oct 2026
₹786.00Low, 23 Oct 2026₹1,328.80High, 6 Jan 2026
Market cap
₹1,807 Cr1,112th largest listed
P/E
10.4
P/B
1.6
Dividend yield
1.14%
ROE
16.3%
ROCE
17.2%
Debt to equity
0.00
Volume, NSE
44,67542.1% delivered

GM Breweries board of directors

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

  • Chairperson and managing directorJIMMY ALMEIDA KASHYAP
  • Company Secretary and Compliance OfficerSANDEEP KUTCHHI

6 directors3 independent3 executive

  • JIMMY ALMEIDA KASHYAP · Chairperson and managing directorExecutive · joined Dec 1981 · reappointed May 2023 · 1 listed board
  • JYOTI ALMEIDA KASHYAPExecutive · joined Jul 1998 · reappointed Apr 2025 · 1 listed board · 1 committee seat
  • KIRAN PARASHAREExecutive · joined Jan 2014 · reappointed Apr 2026 · 1 listed board
  • SHIVANI SONIIndependent · joined Jan 2021 · reappointed Jan 2026 · 9 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • URMI SHAHIndependent · joined Jan 2021 · reappointed Jan 2026 · 9 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • HARDIK SHAHIndependent · joined Nov 2025 · reappointed Nov 2025 · 10 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 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.

1 director who left
  • SHANTILAL HARIA, left 15 Oct 2025: Others

Committees and meetings

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

  • Board

    • 9 Jul 20266 of 6 present3 independent · 90 days in between
    • 9 Apr 20266 of 6 present3 independent

  • Audit Committee

    Chair HARDIK SHAH

    SHIVANI SONI, URMI SHAH

    • 9 Jul 20263 of 3 present3 independent · 90 days in between
    • 9 Apr 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair HARDIK SHAH

    SHIVANI SONI, URMI SHAH

    • 9 Jul 20263 of 3 present3 independent · 90 days in between
    • 9 Apr 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair URMI SHAH

    SHIVANI SONI, JYOTI ALMEIDA KASHYAP

    • 9 Jul 20263 of 3 present2 independent · 90 days in between
    • 9 Apr 20263 of 3 present2 independent

  • Risk Management Committee

    Chair KIRAN PARASHARE

    URMI SHAH, SHIVANI SONI

    • 9 Jul 20263 of 3 present2 independent · 90 days in between
    • 9 Apr 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair URMI SHAH

    SHIVANI SONI, KIRAN PARASHARE

    • 9 Jul 20263 of 3 present2 independent · 90 days in between
    • 9 Apr 20263 of 3 present2 independent

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.

  • v p mehta and companyPeer-review certificate valid to Jul 2028
1 earlier auditor
  • V P MEHTA & COMPANYNamed 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.

GM Breweries 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.GM Breweries dividend history

Annual general meeting, 28 May 2026

50,738 shareholders on the register on 21 May 2026; present: 3 promoters and 77 others; votes counted by kala agarwal / kala agarwal.The company's voting result (opens in a new tab)

  1. ADOPTION OF ACCOUNTS FOR THE YEAR 2025-2026
    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 100.00% · other public 100.00%

  2. DECLARATION OF DIVIDEND
    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 100.00% · other public 100.00%

  3. REAPPOINTMENT OF MRS. JYOTI ALMEIDA KASHYAP
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

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

  4. REAPPOINTMENT OF MR. KIRAN PARASHARE
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 9.28% · other public 0.17%

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

  5. REAPPOINTMENT OF MR. KIRAN PARASHARE AS WHOLE TIME DIRECTOR AND FIXING HIS REMUNERATION
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · 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.

Extraordinary general meeting, 5 Feb 2026, 3 resolutions

50,696 shareholders on the register on 29 Jan 2026; present: 3 promoters and 39 others; votes counted by KALA AGARWAL / KALA AGARWAL.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Hardik Shah as an Independent Directorof 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 100.00% · other public 100.00%

  2. Re-Appointment Of Mrs. Urmi Shah as an Independent Women Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

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

  3. Re-Appointment of Ms. Shivani Soni as an Independent Women Director Of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · 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.

Annual general meeting, 29 May 2025, 6 resolutions

50,209 shareholders on the register on 22 May 2025; present: 3 promoters and 69 others; votes counted by KALA AGARWAL / M/S KALA AGARWAL.The company's voting result (opens in a new tab)

  1. To consider and Adopt Audited Financial statements for the Financial Year ended March 31, 2025
    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 100.00% · other public 100.00%

  2. Approval of Dividend For the Financial Year ended March 31, 2025
    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 100.00% · other public 100.00%

  3. Re - Appointment of Mrs. Jyoti Almeida Kashyap, who retires by rotation and being eligible offers's herself for Re- appointment as a Director
    OrdinaryPromoters have an interest in it
    99.70% for0.30% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

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

  4. Re - Appointment of Mr. Kiran Parashare, whos retires by Roration and being eligible, offers's himself for Re - appointment as a Director
    OrdinaryPromoters have an interest in it
    99.70% for0.30% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

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

  5. Appointment of Mrs. Jyoti Almeida Kashyap as a Whole Time Director and Fixing her Remuneration
    OrdinaryPromoters have an interest in it
    99.70% for0.30% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.10%

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

  6. Appointment of Mrs Kala Agarwal as Secretarila auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · 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.

Annual general meeting, 16 May 2024, 5 resolutions

Present: 3 promoters and 37 others.The company's voting result (opens in a new tab)

  1. TO CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2024. DIRECTORS REPORT AND AUDITORS REPORT
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.67% · promoters 100.00% · institutions 22.78% · other public 4.44%

  2. APPROVAL OF DIVIDEND FOR THE FINANCIAL YEAR MARCH 31, 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.67% · promoters 100.00% · institutions 22.78% · other public 4.44%

  3. RE APPOINTMENT OF MRS. JYOTI ALMEIDA WHO RETIRES BY ROTATION AND BEING ELIGIBLE OFFERS HERSELF FOR REAPPOINTMENT AS DIRECTOR
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 75.67% · promoters 100.00% · institutions 22.78% · other public 4.43%

  4. RE APPOINTMENT OF MR KIRAN PARASHARE WHO RETIRES BY ROTATION AND OFFERS HIMSELF FOR RE APPOINTMENT AS DIRECTOR
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 38.15% · other public 0.11%

    Turnout: all 75.67% · promoters 100.00% · institutions 22.78% · other public 4.43%

  5. ISSUE OF BONUS SHARES
    Special
    100.00% for0.00% against

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

    Turnout: all 75.67% · promoters 100.00% · institutions 22.78% · other public 4.44%

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.

Annual general meeting, 23 May 2023, 5 resolutions

Present: 0 promoters and 0 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited financial statements for the financial year ended March 31, 2023, the Report of Director’s and Auditor’s thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.95% · promoters 100.00% · institutions 95.15% · other public 4.66%

  2. Approval of Dividend for the Financial Year ended March 31, 2023
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.95% · promoters 100.00% · institutions 95.15% · other public 4.65%

  3. Re-Appointment of Mrs. Jyoti Almeida (DIN: 00112031), who retires by rotation and being eligible, offers herself for re-appointment as a Director
    OrdinaryPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 2.99% · other public 0.25%

    Turnout: all 76.95% · promoters 100.00% · institutions 95.15% · other public 4.65%

  4. Reappointment of Mr. Kiran Parashare (DIN: 06587810), who retires by rotation and being eligible, offers herself for re-appointment as a Director as a Director
    OrdinaryPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 2.99% · other public 0.24%

    Turnout: all 76.95% · promoters 100.00% · institutions 95.15% · other public 4.65%

  5. Appointment of Mr. Jimmy Almeida (DIN: 00111905) as Chairman and Managing Director
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.61% · other public 0.06%

    Turnout: all 76.95% · promoters 100.00% · institutions 95.15% · other public 4.65%

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.

Annual general meeting, 24 May 2022, 5 resolutions

Present: 3 promoters and 42 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

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

  2. Approval of Dividend for the Financial Year ended March 31,2022
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

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

  3. Reappointment of Mrs. Jyoti Almeida(DIN:00112031),who retires by rotation & being eligible, offers herself for reappointment as a Director
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.61% · other public 0.16%

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

  4. Reappointment of Mr.Kiran Parashare(DIN:06587810),who retires by rotation & being eligible,offers herself for reappointment as a Director
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.61% · other public 0.17%

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

  5. Appointment of M/s.V.P Mehta & Co.Chartered Accountant,Mumbai(Registration No 106326W) as Statutory Auditor of the Company for 5 year period
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.61% · other public 0.03%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · 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.

Annual general meeting, 6 Jul 2021, 8 resolutions

Present: 3 promoters and 62 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

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

  2. Approval of Dividend
    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 100.00% · other public 100.00%

  3. Re - Appointment Of Mrs. Jyoti Almeida as Director
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

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

  4. Re - Appointment of Mr. Kiran Parashare as a Director
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

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

  5. Appointment of Mr. Kiran Parashare as a Whole Time Director from 01-04-2021 To 31-03-2026
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

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

  6. Re - Appointment of Mr. Shantilal Haria as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

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

  7. Appointment of Ms. Shivani Soni as an Independent Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.02%

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

  8. Appointment of Ms. Urmi Shah as an Independent Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.02%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · 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.

Annual general meeting, 6 Aug 2020, 5 resolutions

Present: 3 promoters and 40 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

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

  2. Approval of Dividend
    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 100.00% · other public 100.00%

  3. Re Appointment of Smt. Jyoti Almeida as a Director
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 2.78% · other public 0.18%

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

  4. Re Appointment of Shri. Kiran Parashare as a Director
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 2.78% · other public 0.18%

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

  5. Appointment of Smt. Jyoti Almeida as a Whole Time Director
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 14.69% · promoters 11.79% · institutions 100.00% · 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
Yes
The chair is related to the managing director
Yes
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.