STOCKWATCH

Associated Alcohols Revises Franchisee Agreement with Inbrew Beverages

Associated Alcohols & Breweries Ltd. has announced a revision in its existing franchisee agreement with Inbrew Beverages Pvt. Ltd. The agreement, which pertains to the manufacturing of Indian Made Foreign Liquor (IMFL) brands, will be changed to a Job Work Arrangement effective July 11, 2025. This development is a significant shift in the company's operations and is expected to impact its financial performance.

• Associated Alcohols & Breweries Ltd. has revised its franchisee agreement with Inbrew Beverages Pvt. Ltd.
• The existing franchisee arrangement will be changed to a Job Work Arrangement effective July 11, 2025.
• The agreement pertains to the manufacturing of Indian Made Foreign Liquor (IMFL) brands.
• This development is a significant shift in the company's operations.
• The change is expected to impact the company's financial performance.