Joined their AGM today. Mr. Arora did not join and their finance director, Nakul Sethi, chaired the meeting. He seems to be the only public person for the company interacting with shareholders of late. Also, no good questions asked. 3-4 shareholders who spoke seemed to be planted by the management as they only showered very random praises at the company.
That said, I can see first hand that their brand Hunter is doing very well in Delhi – kind of like how Kingfisher strong used to do back in the day. Woodpecker is actually one of the best beers I have had and when I learned that an Indian listed company makes it, I bought their shares.
While the management appears to have solid transparency issues, their products are strong. A conundrum for me personally.
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