Associated Alcohols & Breweries Limited

Key Quantitative Figures

Standalone Financial Results (₹ lakhs):

  • Q2 FY27 Revenue from operations: ₹27,696.10
  • Q2 FY27 Total Income: ₹27,899.74
  • Q2 FY27 Net Profit: ₹831.70
  • H1 FY27 Revenue from operations: ₹56,326.36
  • H1 FY27 Net Profit: ₹2,624.10

Consolidated Financial Results (₹ lakhs):

  • Q2 FY27 Revenue from operations: ₹27,696.10
  • Q2 FY27 Net Profit: ₹800.28
  • H1 FY27 Revenue from operations: ₹56,326.36
  • H1 FY27 Net Profit: ₹2,583.40

EPS Corrections:

| Particulars | EPS reported (₹) | Correct EPS (₹) |

| Standalone - Basic and Diluted EPS | 4.17 | 4.14 |

| Consolidated - Basic and Diluted EPS | 9.91 | 3.99 |

Segment Performance (Standalone, ₹ lakhs):

  • Potable Alcohols Division Q2 Revenue: ₹20,062.44, Segment Result: ₹1,593.65
  • Ethanol Division Q2 Revenue: ₹8,473.49, Segment Result: (₹215.01)

Dates of Action

  • Financial results approved by Board of Directors: 12 November 2026
  • Review by Audit Committee: 12 November 2026
  • Acquisition of SDF Industries Limited effective: 13 May 2026
  • Share warrant conversion completed: 4 September 2025

Parties Involved

  • Statutory Auditors: Singhi & Co., Chartered Accountants
  • Subsidiaries: Associated Alcohols and Breweries (Awadh) Limited, SDF Industries Limited
  • Regulatory bodies: SEBI, Competition Commission of India, National Company Law Tribunal

Capital Structure Impact

  • Paid-up equity share capital: ₹2,007.92 lakhs (20,079,200 shares of ₹10 each)
  • Share warrants: 9,00,000 shares warrants allotted on 28 March 2024, converted to equity on 4 September 2025 after receipt of balance 75% allotment money amounting to ₹32.74 crores

Subsidiary Acquisition Details

  • On 16 April 2026, NCLT Kochi approved the company's resolution plan for acquisition of SDF Industries Limited under CIRP
  • SDF Industries became wholly-owned subsidiary effective 13 May 2026
  • Investment in subsidiary recognized at cost of ₹1,250.00 lakhs
  • Bargain purchase gain of ₹1,182.54 lakhs recognized in consolidated OCI
  • Identifiable assets acquired at fair value of ₹3,506.37 lakhs

Legal Matter

  • Competition Commission of India investigation regarding supply and sale of IMIL products
  • Search conducted at registered office on 27 October 2021
  • Madhya Pradesh High Court dismissed writ petition on 17 September 2026, upholding CCI's jurisdiction
  • Special Leave Petition pending before Supreme Court of India
  • No material adverse financial impact anticipated

Cash Flow Implications

Standalone Cash Flows (H1 FY27, ₹ lakhs):

  • Cash from operating activities: ₹8,831.57
  • Cash used in investing activities: (₹6,609.73)
  • Cash from financing activities: ₹2,240.72
  • Net decrease in cash: (₹18.88)

Consolidated Cash Flows (H1 FY27, ₹ lakhs):

  • Cash from operating activities: ₹6,564.51
  • Cash used in investing activities: (₹4,230.64)
  • Cash used in financing activities: (₹2,363.70)
  • Net decrease in cash: (₹29.33)

Financial Position

Standalone (as at 30 September 2026, ₹ lakhs):

  • Total Assets: ₹90,938.31
  • Total Equity: ₹71,703.93
  • Total Liabilities: ₹19,234.38

Consolidated (as at 30 September 2026, ₹ lakhs):

  • Total Assets: ₹92,090.30
  • Total Equity: ₹72,838.32
  • Total Liabilities: ₹19,251.98