The Board of Directors at their meeting held today May 15, 2025 has recommended dividend of Rs 3.60/- per Equity Shares of Rs.2/ each
Awaiting price reaction for this filing.
The Board of Allied Blenders and Distillers (maker of Officer's Choice whisky) met on May 15, 2025 and approved a final dividend of Rs. 3.60 per equity share (face value Rs. 2) for FY25, subject to shareholder approval at the AGM on July 8, 2025. The record date for the dividend is June 27, 2025. The Board also cleared a proposal to raise up to Rs. 1,000 crore through equity shares, QIPs, or other instruments, and approved Rs. 29 crore capex to triple bottling capacity at its Derabassi, Punjab plant from 1 lakh to 3 lakh cases per month. Standalone FY25 revenue came in at Rs. 8,073 crore (up from Rs. 7,669 crore) with PAT of Rs. 200 crore versus Rs. 7 crore last year, and standalone EPS of Rs. 7.38. Consolidated FY25 PAT was Rs. 195 crore with EPS of Rs. 7.19. The auditor issued an unmodified opinion, though the Income Tax Department has raised a demand of Rs. 352 crore plus interest, of which 90% has been stayed, with the Promoter Chairman giving a personal assurance to absorb any liability.
The strong earnings rebound and dividend declaration are positives for shareholders, while the Rs. 1,000 crore fund-raising plan and pending tax litigation (despite being stayed) could weigh on sentiment. The three-fold capacity expansion signals confidence in growth but will add capex and depreciation going forward.