Associated Alcohols & Breweries Ltd. has informed the Exchange regarding Outcome of Board Meeting held on March 12, 2026.
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The board of Associated Alcohols & Breweries, held on March 12, 2026, approved the allotment of 11,00,000 equity shares (face value Rs. 10 each) at a premium of Rs. 669 per share, aggregating to about Rs. 56.02 crore. These shares were issued upon conversion of warrants originally allotted on a preferential basis on October 7, 2024. The allottees include two promoters — Shri Anand Kumar Kedia (4,50,000 shares) and Shri Prasann Kumar Kedia (4,50,000 shares) — and two non-promoters — Shri Ashish Garg (1,00,000 shares) and Shri Nishid Babulal Shah (1,00,000 shares). With this conversion, the company has no warrants outstanding as of March 12, 2026, and the balance 75% amount was received on March 2, 2026.
This allotment will dilute existing shareholders' equity by around 11 lakh shares, but the strong promoter participation (about 82% of the issue) signals promoter confidence in the business. The conversion also closes the pending warrant issue, bringing clarity on the share count and adding roughly Rs. 56 crore of equity capital to the books.