Associated Alcohols & Breweries Ltd. has informed the Exchange regarding 'Details as per SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 with respect to approval of Resolution Plan of SDF Industries Ltd.'.
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Associated Alcohols & Breweries Limited disclosed details of its approved acquisition of SDF Industries Limited under the Insolvency and Bankruptcy Code (IBC). The Hon'ble NCLT, Kochi Bench approved the resolution plan on April 16, 2026. SDF Industries operates a distillery-cum-IMFL manufacturing unit in Kerala with licensed capacity of 75 lakh litres per annum and bottling capacity of 3.6 million cases annually. The company is acquiring 100% shareholding for ₹30.85 crore, making SDF Industries a wholly-owned subsidiary. SDF Industries had turnover of ₹457.47 lakh (FY23), ₹402.64 lakh (FY24), and nil (FY25), indicating severe financial distress. The acquisition aims to own manufacturing facilities in Kerala where Associated Alcohols already has market presence, enhancing cost efficiency and production capabilities.
This strategic acquisition expands Associated Alcohols' manufacturing footprint and vertical integration in the alcoholic beverages sector. While the target's nil recent turnover signals financial distress, acquiring production assets at a resolution plan price could be value-accretive for shareholders if operational synergies are realized.