GM Breweries Limited has announced that its Board of Directors will convene a meeting on March 6, 2025, to discuss potential business diversification strategies and the establishment of a wholly owned subsidiary.
According to an official communication submitted to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), the meeting will take place at the company’s registered office in Mumbai. The move aligns with Regulation 29 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
GM Breweries, known for its strong presence in the Indian alcoholic beverage industry, may explore new avenues for expansion beyond its existing business. While specific details about diversification plans remain undisclosed, the company is expected to explore growth opportunities through the proposed subsidiary.
Market participants will closely watch the outcome of this meeting to assess potential impacts on GM Breweries’ long-term strategy.
