Regulatory18 May 2026, 06:32 pm
Associated Alcohols: No Deviation in Warrant Proceeds Use
AI Summary
Associated Alcohols & Breweries Ltd reports no deviation or variation in the use of proceeds from convertible warrants issued on a preferential basis, as of March 31, 2026. The funds raised through the issuance of warrants on March 28, 2024 (₹43.65 Crores) and October 7, 2024 (₹74.69 Crores) remain earmarked for their intended purposes, including investments in a subsidiary and future expansion projects. The audit committee has approved the statement of deviation.
Key Highlights
- No deviation in the use of proceeds from preferential issue of warrants.
- ₹43.65 Crores raised on March 28, 2024, earmarked for investment in subsidiary.
- ₹74.69 Crores raised on October 7, 2024, earmarked for future expansion projects.
- Funds remain unutilized as of March 31, 2026, and are earmarked for intended purposes.
- Audit Committee has approved the statement of deviation.
Price Impact
More from ASALCBR