Associated Alcohols & Breweries Ltd. has informed the Exchange about NCLT order
ASALCBR · price
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Associated Alcohols & Breweries Ltd. has received approval from the Hon'ble NCLT, Kochi Bench for the Resolution Plan submitted by the company in respect of SDF Industries Limited. The order was pronounced on April 16, 2026 under Order No. IA (IBC)(Plan)/01/KOB/2026 in CP (IBC)/21/KOB/2024. This means Associated Alcohols successfully acted as the resolution applicant and won the bid to take over SDF Industries, which was undergoing corporate insolvency resolution process. The company will submit additional details as required by SEBI Circular within the stipulated timeframe.
This is a positive development for Associated Alcohols & Breweries as it demonstrates successful acquisition capability through the insolvency route. Shareholders may benefit from potential asset addition and business expansion, though integration challenges and financial implications of acquiring SDF Industries would need evaluation.