ASALCBR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Associated Alcohols & Breweries Ltd has filed a statement confirming no deviation in the use of proceeds from two preferential warrant issues. The first warrant issue (March 2024) raised Rs. 43.65 crores for investment in a wholly-owned subsidiary to set up a bottling cum distillery unit in Uttar Pradesh, with Rs. 0.085 crores used for issue expenses and funds remaining unutilized as on 31st March 2026. The second warrant issue (October 2024) raised Rs. 74.69 crores for capital needs of future expansion projects including a Malt plant and UP bottling cum distillery, with funds fully deployed. Both issues were for convertible warrants that have been converted to equity shares.
The confirmation of no fund utilization deviation is a positive signal indicating proper deployment of capital raised through preferential issues for stated expansion purposes. Shareholders can be assured that Rs. 118.34 crore raised via warrants is being used as intended.