Som Distilleries & Breweries Limited has informed the Exchange regarding Appointment of Shubham Bhattacharya as Other of the company w.e.f. May 30, 2026.
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Som Distilleries & Breweries Limited held a board meeting on May 30, 2026 where multiple key decisions were taken. The board approved the audited financial results for Q4 and FY ended March 31, 2026. Standalone net profit declined significantly to Rs. 2,398.97 lakh from Rs. 5,772.47 lakh in the previous year. Consolidated net profit also dropped substantially to Rs. 1,035.77 lakh from Rs. 10,449.63 lakh. Mr. Mayank Agarwal (M/s Sobhani & Agarwal) resigned as Internal Auditor effective May 30, 2026, and CA. Shubham Bhattacharya of S Bhattacharya & Associates was appointed as the new Internal Auditor for FY 2025-26. The statutory auditor AKB Jain & Co issued an unmodified opinion on the annual financial statements. The auditors noted that the renewal process for the manufacturing licence at the Bhopal plant pursuant to Madhya Pradesh High Court order is underway.
The significant decline in profitability for both standalone and consolidated results may concern investors. The change in internal auditor is routine administrative action. The pending manufacturing licence renewal for the Bhopal plant remains a key operational watch item.