Associated Alcohols & Breweries Ltd

Associated Alcohols & Breweries Limited: Trading window closed from 01 October 2026 till completion of 48 hours after the declaration of Unaudited Financial Results (UFR) for the quarter and half year ended 30 September 2026

AGM details

• Date/time: 16 September 2026, 12:30 PM–1:00 PM; mode: VC/OAVM.
• Venue deemed at registered office, Indore.
• Record date for voting: 9 September 2026.
• Shareholders on record: 41,621; attendees via VC: 73.

Key resolutions

• Adoption of standalone financial statements for FY ended 31 Mar 2026 – Ordinary.
• Adoption of consolidated financial statements for FY ended 31 Mar 2026 – Ordinary.
• Dividend declaration on equity shares for FY2026: Rs 2 per share (20%).
• Reappointment by rotation of Mr. Anshuman Kedia (DIN 07702629) - Ordinary.
• Remuneration payable to Cost Auditors for 2026-27 - Ordinary.

Voting results

• Resolution 1 passed by requisite majority.
• Resolution 2 passed by requisite majority.
• Resolution 3 passed by requisite majority.
• Resolution 4 passed by requisite majority.
• Resolution 5 passed by requisite majority.

Dividend

• Dividend approved: Rs 2 per equity share (20%).

Director changes

• Reappointment by rotation of Mr. Anshuman Kedia.

Auditor appointments

• Cost Auditor remuneration for 2026-27 approved.

Related party transactions

• No material RPTs disclosed.

AGM details

• AGM held on 16 September 2026 via VC/OAVM.
• Meeting commenced 12:30 PM and concluded around 1:00 PM.
• Venue deemed at registered office for meeting.
• Quorum met with 73 members present via VC/OAVM.
• Total members as cut-off: 41,622.

Resolutions put to vote

• Ordinary: Adopt standalone financial statements for FY2025-26.
• Ordinary: Adopt consolidated financial statements for FY2025-26.
• Ordinary: Declare dividend at 20% (₹2 per share).
• Ordinary: Reappoint Anshuman Kedia by rotation.
• Special: Approve remuneration to Cost Auditors for FY2026-27.

Voting status

• Voting results to be announced within two working days.
• Scrutinizer report to be placed on company website and stock exchanges.

Dividend details

• Dividend amount per share: ₹2; rate 20%.

Directors and auditors

• Director reappointment: Anshuman Kedia by rotation.
• Cost Auditors remuneration for FY2026-27 to be approved.

Meeting Details

• Date: Friday, 11 September 2026.
• Event/organiser: GIA Alco Bev Day.
• Type of interaction: Group.
• Mode of interaction: Virtual.
• Purpose: Analysts/institutional investor meeting.
• Key company participant: Company Secretary & Compliance Officer.

AGM notice and AR distribution

• Web-link of Notice and Annual Report for FY2025-26 circulated under Regulation 36(1)(b).

Annual Report / AGM notice

• Notice and Annual Report for FY 2025-26 provided via web-link under SEBI LODR.
• Letters were sent to members without registered email addresses.
• Web-link and Annual Report are also accessible on the company website.

Record date and dividend details

• Record date fixed as 9 September 2026.
• Dividend: Rs 2.00 per equity share, 20% face value.
• Final dividend for FY ended 31 March 2026.
• Subject to approval at the 37th AGM.
• Payment after AGM, subject to tax deduction at source.

Financial highlights

• Net revenue from operations: 101940.06 lakh; down 5.25% YoY.
• EBITDA: 14293.39 lakh; margin 14%.
• PAT: 8848.33 lakh; YoY +8.63%.
• Basic EPS: ₹47.43; diluted EPS: ₹45.93.
• Net worth: ₹694.69 crore as of 31 Mar 2026.
• Operating cash flow: ₹517.7 crore.
• Dividend proposed: ₹2 per share; ₹401.58 lakh total.

Manufacturing & capacity

• Malt Spirit Plant commissioned; 6,000 LPD capacity now operating.
• ENA capacity expanded to 160 KLPD.
• Barwaha campus: 150 acres, 41 bottling lines, 10.5 MW captive power.
• Acquired SDF Industries (Kerala), wholly owned Southern hub.
• Pan-India expansion across MP, Kerala, Delhi, UP, Maharashtra, Goa, Jharkhand.
• Launched Kultur RTD; Tequila market approved in Mexico.

Geography & brands

• 13 states presence; MP and Kerala core markets.
• Kerala: 1.74 million cases in FY2025-26; 8-10% market share.
• Premium brands Hillfort, Nicobar, Kultur expanding portfolio.
• Mexico tequila approval enhances premium segment presence.
• Maharashtra and Uttar Pradesh growth engines; Goa premium focus.
• Keralam footprint supports pan-India expansion.

Capital & dividends

• Equity capital: ₹2,007.92 lakh; outstanding shares 2,00,79,200.
• Converted warrants: 9,00,000 and 11,00,000 to equity.
• Funds from warrants allocated to UP bottling and malt plant.
• Dividend proposed: ₹2 per share; ₹401.58 lakh total.
• SDF acquisition completed; NCLT order dated 16 Apr 2026.
• SDF funding aided by warrant proceeds; consolidation underway.

Governance & risk

• Board of 6 directors; independent directors; Apurva Joshi reappointed.
• CFO change: Dilip K. Inani appointed 8 Nov 2025.
• Independent directors met separately on 4 Feb 2026.
• CRISIL long-term outlook upgraded; governance strengthened.
• Audit committee active; internal controls robust; no qualifications.

ESG & CSR

• CSR spend: ₹1.60 crore; ongoing CSR obligations disclosed.
• Water recycled: 18%; renewable energy generation 0.66 million kWh.
• D&O insurance in place; sustainability focus across operations.

Outlook & risks

• Positive long-term outlook for Indian alcobev; premiumization and pan-India growth.
• Regulatory risks: GST, state excise policies; pricing controls possible.
• Raw material price volatility mitigated by hedging and supplier diversification.
• GLP-1 medications present headwinds; premiumization mitigates volume impact.