Associated Alcohols & Breweries Confirms No Deviation in Use of Funds from Preferential Warrant Issue
Associated Alcohols & Breweries Ltd. has confirmed that there is no deviation or variation in the utilization of proceeds raised through its Offer Document for the Preferential Issue of convertible warrants, as reported for the quarter ending June 30, 2026.The company had previously issued convertible warrants via a preferential issue on March 28, 2024. The total consideration received from this issuance was Rs 43.65 Crores. This funding came from the allotment of 9,00,000 warrants at a price of Rs 485 each. As per the terms of the preferential issue, the company has allotted 9,00,000 equity shares subsequent to the conversion of these warrants.
The use of these proceeds was outlined across two primary objectives: providing investment capital and covering associated expenses for the preferential issue itself.
Financial details regarding the fund allocation and utilization are summarized below:
| Objective | Original Allocation (Rs. In Crores) | Funds Utilized (Rs. In Crores) |
|---|---|---|
| Investment in Awadh Limited's bottling cum distillery unit | 43.65 | N/A |
| Expenses related to the preferential issue | 0.10 | 0.085 |
The original object for the principal allocation of Rs 43.65 Crores was to provide loans or make an investment in Associated Alcohols and Breweries (Awadh) Limited, which involves setting up a bottling cum distillery unit in Uttar Pradesh. The remaining expenses related to the preferential issue saw utilization of Rs 0.085 Crores against an allocated amount of Rs 0.10 Crores.
As of June 30, 2026, the funds designated for investment purposes remain unutilized and have been earmarked for their intended purpose.
ASALCBR Stock Price Movement
Today, Associated Alcohols & Breweries Ltd. shares edged higher, closing at ₹821.45 after gaining 2.19%. The stock traded within a range of ₹793.05 to ₹830.20 today, with 49,142 shares exchanged during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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