Associated Alcohols Promoters Increase Stakes Through Warrant Conversion

Associated Alcohols & Breweries Limited has completed a significant equity allotment through warrant conversion, with both promoters Anand Kumar Kedia and Prasann Kumar Kedia filing regulatory disclosures under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Board of Directors approved this strategic move during their meeting held on 12th March 2026.

Warrant Conversion Details

The company successfully allotted 11,00,000 equity shares of Rs. 10/- each at a premium of Rs. 669/- per share to warrant holders. This conversion generated total proceeds of Rs. 56,01,75,000 for the company. The warrants were originally issued on 7th October 2024 on a preferential basis in accordance with Chapter V of the SEBI ICDR Regulations.

Parameter: Details Total Shares Allotted: 11,00,000 equity shares Face Value: Rs. 10/- per share Premium: Rs. 669/- per share Total Amount Raised: Rs. 56,01,75,000 Original Warrant Issue Date: 7th October 2024

Allottee Breakdown

The warrant conversion involved four key investors, including two promoter group members and two non-promoter investors. The allotment demonstrates strong confidence from both existing promoters and external stakeholders in the company's growth prospects.

Allottee Name: Category Shares Allotted Shri Anand Kumar Kedia: Promoter 4,50,000 Shri Prasann Kumar Kedia: Promoter 4,50,000 Shri Nishid Babulal Shah: Other than Promoter 1,00,000 Shri Ashish Garg: Other than Promoter 1,00,000 Total: 11,00,000

Promoter Shareholding Disclosures

Both promoter brothers have filed separate disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, detailing their increased shareholdings in the company. The disclosures were submitted to BSE Limited and National Stock Exchange of India Limited on 16th March 2026.

Anand Kumar Kedia Shareholding

Parameter: Before Acquisition After Acquisition Shares Held: 11,77,400 16,27,400 Shareholding Percentage: 6.20% 8.10% Shares Acquired: - 4,50,000 Mode of Acquisition: - Preferential Allotment Date of Acquisition: - 12th March 2026

Prasann Kumar Kedia Shareholding

Parameter: Before Acquisition After Acquisition Shares Held: 14,06,200 18,56,200 Shareholding Percentage: 7.41% 9.24% Shares Acquired: - 4,50,000 Mode of Acquisition: - Preferential Allotment Date of Acquisition: - 12th March 2026

Post-Allotment Capital Structure

Following the conversion completed on 12th March 2026, the company's equity share capital increased from 1,89,79,200 shares to 2,00,79,200 equity shares of face value Rs. 10/- each. The conversion process has been fully completed with no outstanding warrants remaining.

Shareholder: Post-Allotment Holdings Shri Prasann Kumar Kedia: 18,56,200 shares Shri Anand Kumar Kedia: 16,27,400 shares Shri Nishid Babulal Shah: 2,41,000 shares Shri Ashish Garg: 1,00,000 shares Outstanding Warrants: NIL

This successful warrant conversion represents a complete utilization of the preferential issue facility, providing the company with additional capital for its business operations while enabling both promoters to increase their respective stakes in the alcoholic beverages and confectionery manufacturer.

Associated alcohols & breweries Limited has announced a board meeting scheduled for March 12, 2026, to consider the conversion of warrants into equity shares. The meeting represents a significant corporate action that could impact the company's share capital structure.

Board Meeting Details

The board meeting has been scheduled in compliance with regulatory requirements and will address key corporate matters:

Parameter: Details Meeting Date: Thursday, March 12, 2026 Venue: Registered Office, 4th Floor, BPK Star Tower, AB Road, Indore (M.P.)-452008 Primary Agenda: Conversion of warrants into equity shares Regulatory Compliance: SEBI (LODR) Regulations, 2015 - Regulation 29(1)(d)

Warrant Conversion Proposal

The primary agenda item involves the conversion of warrants into equity shares for multiple stakeholder categories. The board will consider and approve:

Conversion of warrants for promoter warrant holders

Conversion of warrants for non-promoter warrant holders

Any other matters incidental to the warrant conversion process

Additional business items with chairperson's permission

Regulatory Disclosure

The company has fulfilled its disclosure obligations under SEBI (LODR) Regulations, 2015. The announcement was made on March 5, 2026, providing adequate notice to stakeholders and regulatory authorities. The information has been communicated to both BSE Limited and National Stock Exchange of India Limited, ensuring compliance with listing requirements.

Company Operations

Associated Alcohols & Breweries Limited operates from its registered office in Indore, Madhya Pradesh, with manufacturing facilities located at Khodigram, Tehsil Barwaha, District Khargone. The company maintains a diverse portfolio of alcoholic beverage brands and continues its operations in the alcoholic beverages sector.

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