Key Approvals and Financial Figures
The Management Committee of the Board of Directors of Allied Blenders and Distillers Limited, at its meeting held on September 11, 2026, approved two funding proposals for subsidiary Minakshi Agro Industries LLP:
- Additional capital contribution/financial assistance not exceeding ₹115 Crores for setting up a Malt Distillery with capacity of ~3 MN BL per year cum Maturation Warehouse at Aurangabad, Maharashtra
- Additional capital contribution/financial assistance not exceeding ₹10 Crores to meet cost overruns in previously approved projects (as intimated on January 29, 2026)
Project Details
A. Malt Distillery cum Maturation Warehouse
- Proposed capacity addition: ~3 MN BL per year
- Implementation timeline: Q3 FY 2028
- Total investment: ~₹115 Crores
- Mode of financing: Additional capital contribution/financial assistance (external debt supported by Corporate Guarantee through appropriate Banking channel)
- Rationale: Aligned with company's long-term strategic vision of expanding and strengthening its premium spirits portfolio through entry into the provenance-led Single Malt Whisky segment
B. Cost Overruns for Ongoing Projects
- Investment: ~₹10 Crores
- Affected projects: Bottling Unit & Distillery
- Project timelines: Q3FY27 (Bottling) & Q3FY28 (Distillery)
- Mode of financing: Additional capital contribution/financial assistance (external debt supported by Corporate Guarantee through appropriate Banking channel)
- Reason for overruns: Increase in prices of key metals and marginal expansion of the bottling hall and mezzanine area to accommodate longer automated bottling lines
- Rationale: Strengthening the Company's manufacturing footprint and supporting long term volume growth
Meeting Details
The Management Committee meeting commenced at 4:00 PM and concluded at 4:45 PM IST on September 11, 2026.
Company Representative
Sumeet Maheshwari, Company Secretary & Compliance Officer (Membership No. ACS – 15145) signed the disclosure.