Corporate Governance12 Nov 2026, 07:30 pm
Associated Alcohols & Breweries: No Deviation in Preferential Issue Funds
AI Summary
Associated Alcohols & Breweries Ltd has filed a Statement of Deviation for the second quarter ended September 30, 2026, regarding funds raised through the issue of convertible warrants on a preferential basis. The company raised ₹43.65 Crores through 9,00,000 warrants at ₹485 each. The filing confirms there is no deviation or variation in the use of proceeds from the objects stated in the Offer Document. The funds are earmarked for investment in its wholly-owned subsidiary, Associated Alcohols and Breweries (Awadh) Limited, for setting up a bottling cum distillery unit in Uttar Pradesh. As of the reporting date, the funds remain unutilized but earmarked for the stated purpose.
Key Highlights
- No deviation reported in the utilization of funds raised via preferential issue.
- ₹43.65 Crores raised through convertible warrants.
- Funds earmarked for subsidiary's bottling and distillery unit.
- Funds remain unutilized as of September 30, 2026.
- Confirmation provided as per SEBI Listing Regulations.
Price Impact
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