Som Distilleries and Breweries Limited

Regulatory headwinds and operational disruptions significantly impacted Som Distilleries and Breweries Limited, with the company reporting a steep 90% decline in fiscal year 2026 profit due to a license suspension in Bhopal and ongoing tax disputes totaling ₹6,406 lakhs. To bolster working capital, the board approved a ₹25 crore preferential warrant issue to promoter Deepak Arora, a move that will be put to shareholder vote at the upcoming Annual General Meeting. While the company highlighted its commitment to ESG compliance and zero liquid discharge in its sustainability report, the license suspension and tax liabilities pose considerable risks to future performance and warrant close investor monitoring.