Associated Alcohols & Breweries Ltd. has informed the Exchange about Utilisation of Funds
ASALCBR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Associated Alcohols & Breweries Ltd. has submitted its quarterly compliance filing confirming no deviation or variation in the utilization of funds raised through two preferential warrant issues. The first warrant issued on 28th March 2024 raised Rs. 43.65 crores for investment in its 100% owned subsidiary to set up a bottling cum distillery unit in Uttar Pradesh - funds remain unutilized and earmarked. The second warrant issued on 7th October 2024 raised Rs. 74.69 crores for capital needs of future expansion projects including a Malt plant and UP bottling cum distillery - also NIL utilized. Both warrants have been fully converted to equity shares (9 lakh and 11 lakh shares respectively). The audit committee reviewed and confirmed no deviations.
For shareholders, this is a routine compliance confirmation indicating funds are being held for stated purposes with no misuse. The significant undeployed capital (Rs. 118+ crores) suggests planned capex execution may be underway but not yet reflected in utilization, warranting monitoring of future project milestones.