Associated Alcohols & Breweries Limited
Key Quantitative Figures
- Fund Raising Method: Preferential Issue of Convertible Warrants
- Date of Fund Raising: 28th March 2024 (Date of Approval & Allotment of Warrants)
- Total Amount Raised: ₹43.65 Crores
- Instrument Details: 9,00,000 warrants issued at ₹485 per warrant
- Quarter Ended: 30th June 2026
Fund Utilization Status
- Deviation/Variation: No deviation or variation in the use of proceeds from the objects stated in the Offer Document.
- Current Status: As of 30th June 2026, the funds remain unutilized but have been kept earmarked for their intended purpose.
Intended Use of Funds
The raised funds are intended for investment in the company's wholly-owned subsidiary, Associated Alcohols and Breweries Limited (Awadh). The purpose is to set up a bottling cum distillery unit in the state of Uttar Pradesh.
Regulatory and Governance Approvals
- The statement was duly approved by the Audit Committee of the company.
- No monitoring agency was appointed for this fund raise.
- Shareholder approval for deviation/variation is not applicable as there is no deviation.
- No comments from auditors are applicable.
Signatories and Confirmation
- The letter was signed by Abhinav Mathur, Company Secretary & Compliance Officer, on 24th July 2026.
- The annexure was signed by Dilip Kumar Inani, Chief Financial Officer.
- The company confirms that the use of proceeds aligns with the objects stated in the Offer Document for the Preferential Issue of warrants and their conversion.