Annual Reports

GM Breweries: Repeat Karo

Amusing to see that the entire Management Discussion & Analysis Report has been copy pasted from Annual Report FY2022 to Annual Report FY2023

Source: Annual Report FY 2022 of G.M. Breweries Ltd

Source: Annual Report FY2023 of GM Breweries Ltd

The copy paste is so ridiculous that even the plant utilization capacity is the same in both annual reports :

The company has capacity to process 13.76 crore bulk litres of country
liquor per annum out of which only about 37.5% has
been utilized last year

GM folks-Nakal Karo Lekin Akal Se !

2 replies on “GM Breweries: Repeat Karo”

The overjealousness to post results quickly got the better of them. Make annual report as quickly as possible would have been the instructions to the IR guy, anyways 99% of people investing in a particular company don’t read it.

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