Associated Alcohols & Breweries Reports No Deviation in Fund Utilization from Convertible Warrants
Associated Alcohols & Breweries Limited reported on May 18, 2026, confirming the utilization of funds raised through two separate preferential issues of convertible warrants. The company stated that there is no deviation or variation in the use of proceeds against the objects stated in the Offer Document for both warrant issuances.The report details the allocation and utilization of funds raised in March 2024 and October 2024, covering the reporting period for the quarter ended March 31, 2026.
Details of Preferential Warrant Issues
The company issued warrants on two dates, both via a Preferential Issue of Convertible Warrants. The original objective for the funds was detailed, and subsequent reporting confirmed that the funds were utilized according to the initial stated objectives.The utilization of proceeds from the first warrant issue, dated March 28, 2024, is detailed below.
| Metric | Details |
|---|---|
| Warrant Issue Date | March 28, 2024 |
| Amount Raised | Rs. 43.65 Crores |
| Fund Utilization Object | Providing loans and/or investment in 100% Wholly owned Subsidiary, Associated Alcohols and Breweries (Awadh) Limited, for setting up a bottling cum distillery unit in the state of Uttar Pradesh. |
| Funds Utilized | Rs. 43.65 Crores |
For the second preferential issue, dated October 7, 2024, the company raised Rs. 74.69 Crores. This amount was earmarked for meeting the increased need for capital for future expansion projects, including major projects in the pipeline, such as the Malt plant and UP bottling cum distillery.
| Metric | Details |
|---|---|
| Warrant Issue Date | October 7, 2024 |
| Amount Raised | Rs. 74.69 Crores |
| Fund Utilization Object | Meeting increased need for capital for future expansion projects, including the Malt plant and UP bottling cum distillery. |
| Funds Utilized | Rs. 74.69 Crores |
Summary of Non-Deviation
Associated Alcohols & Breweries Limited confirmed that for both the warrant issues, there is no variation in the use of funds. The company reported that the full amount raised from the preferential issuance was utilized toward the original stated objectives.The total amount utilized across the two warrant issues, excluding nominal expenses related to the preferential issue, amounted to Rs. 118.34 Crores. The company provided confirmation that no deviation from the original terms of the contract or the objects of the fund raising was observed for the quarter ending March 31, 2026.
ASALCBR Stock Price Movement
Associated Alcohols & Breweries Ltd. shares today slipped by 0.42% on the close, settling at ₹832.4. The equity concluded the session on a notable volume of 28,501 shares, confirming a bearish finish for the day.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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