Key Quantitative Figures
- Total Amount Raised: ₹43.65 Crores
- Instrument: Preferential Issue of 9,00,000 Convertible Warrants
- Price per Warrant: ₹485
- Issue Expenses Allocation: ₹0.10 Crores
- Issue Expenses Utilized: ₹0.085 Crores
- Funds Utilized for Main Object: ₹0.00 (Unutilized)
Parties Involved
- Listed Entity: Associated Alcohols & Breweries Limited (Scrip Code: 507526, NSE Symbol: ASALCBR, ISIN: INE073G01016)
- Intended Recipient: Associated Alcohols and Breweries (Awadh) Limited (100% Wholly-owned Subsidiary)
- Signatories: Abhinav Mathur (Company Secretary & Compliance Officer), Dilip Kumar Inani (Chief Financial Officer)
- Regulatory Authorities: BSE Limited, National Stock Exchange of India Limited
Purpose/Rationale
The funds were raised specifically to provide loans and/or make investment in the company's wholly-owned subsidiary, Associated Alcohols and Breweries (Awadh) Limited, for setting up a bottling cum distillery unit in the state of Uttar Pradesh.
Financial Impact
As of 30th September 2026, the entire ₹43.65 crore raised through the preferential issue remains unutilized. The funds have been kept earmarked for their stated purpose of investment in the subsidiary project. Only ₹0.085 crores out of the allocated ₹0.10 crores for issue expenses have been utilized.
Capital Structure Impact
The preferential issue involved 9,00,000 warrants at ₹485 each, with 100% consideration received upfront. The disclosure notes that the company has allotted shares pursuant to conversion of these warrants, though specific conversion details are not provided in this filing.
Monitoring & Approval
The Audit Committee of the company has duly approved this Statement of Deviations or Variations. No monitoring agency was appointed for this fund raise.
#Tags: #AssociatedAlcohols #SEBIRegulation32 #FundUtilization #PreferentialIssue #ComplianceDisclosure #Neutral