Regulatory24 Jul 2026, 05:11 pm
Associated Alcohols Confirms No Deviation in ₹43.65 Cr Preferential Issue Funds
AI Summary
Associated Alcohols & Breweries Ltd has filed a Statement of Deviation pursuant to SEBI Listing Regulations, confirming no variation in the use of funds raised through a preferential issue of convertible warrants. The total preferential issue amounted to ₹43.65 Crores, with the company receiving 100% of the consideration. The funds were raised on March 28, 2024, and are earmarked for providing loans and/or investments to its wholly-owned subsidiary for setting up a bottling cum distillery unit in Uttar Pradesh. As of June 30, 2026, the funds remain unutilized but are allocated for their stated purpose, as approved by the Audit Committee.
Key Highlights
- No deviation reported in the utilization of ₹43.65 Cr from preferential issue.
- Funds raised via convertible warrants on preferential basis.
- Proceeds earmarked for subsidiary's bottling and distillery unit.
- Funds remain unutilized but allocated as per original object.
- Statement approved by the Audit Committee.
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