Associated Alcohols & Breweries Ltd. has informed the Exchange about Utilisation of Funds
ASALCBR · price
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Awaiting price reaction for this filing.
The company filed its Q1 FY26 (quarter ended 30 June 2025) compliance statement confirming there is no deviation or variation in the use of proceeds from two preferential warrant issues. The first tranche (28 March 2024) raised Rs. 10.91 Cr as 25% upfront money on 9 lakh warrants priced at Rs. 485 each; these funds were earmarked for investing in its wholly-owned subsidiary for a bottling-cum-distillery unit in Uttar Pradesh, but as of 30 June 2025 the amount remains unutilized and parked in treasury. The second tranche (7 October 2024) raised Rs. 18.67 Cr as 25% upfront on 11 lakh warrants at Rs. 679 each, allocated for capex on the malt plant and the UP distillery, of which Rs. 18.57 Cr has been fully deployed along with Rs. 0.10 Cr in issue expenses. No monitoring agency was appointed for either issue, and the audit committee noted no deviations.
This is a routine compliance filing and is neutral for shareholders. However, investors should note that the Rs. 10.91 Cr from the March 2024 issue is still unutilized, suggesting a delay in the UP bottling-cum-distillery project, which could be a minor watch-item.