Associated Alcohols & Breweries Ltd. has informed the Exchange about Utilisation of Funds
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Awaiting price reaction for this filing.
Associated Alcohols & Breweries has filed its quarterly compliance report confirming no deviation in the use of funds raised through two tranches of convertible warrants issued on a preferential basis. The first tranche of 9,00,000 warrants at Rs. 485 each (Rs. 43.65 Cr total) was allotted on 28 March 2024, with Rs. 10.91 Cr (25% upfront) received and earmarked for investment in its wholly owned subsidiary for setting up a bottling-cum-distillery unit in Uttar Pradesh; as of 31 March 2025, this amount remains unutilized. The second tranche of 11,00,000 warrants at Rs. 679 each (Rs. 74.69 Cr total) was allotted on 7 October 2024, with Rs. 18.67 Cr (25% upfront) received and fully deployed for capital expansion including the Malt plant and UP bottling-cum-distillery project. The audit committee approved the statement.
This is a routine SEBI compliance filing with no negative deviation reported, but shareholders should note that the Rs. 10.91 Cr raised in March 2024 is still parked and not yet deployed into the UP subsidiary project, which could be a point to track for execution progress on the new distillery.