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Associated Alcohols & Breweries Ltd Capital/Financing Update 2024

Oct 7, 2024

59346_rns_2024-10-07_8dacf2a0-3842-4e07-9b7b-fd5c472698e4.pdf

Capital/Financing Update

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Associated Alcohols & Breweries Limited

AABL/SE/2024-25

07[th] October, 2024

To, The Department of Corporate Services BSE Limited PJ Tower, Dalal Street, Mumbai – 400 001 Scrip Code: 507526

To, The Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, G Block Bandra Kurla Complex, Mumbai – 400 051 NSE Symbol: ASALCBR

Sub: Outcome as per Regulation 30 read with Schedule III (A)(IV) of the SEBI (LODR) Regulation, 2015 for the 06/2024-25 Board Meeting held on 07[th] October, 2024 at the Registered Office of the Company commenced at 3:00 P.M. and concluded at 04:15 P.M.

Dear Sir/Ma’am,

With reference to above captioned subject, we are pleased to inform you that, the Meeting of Board of Directors of the Company held on 07[th] October, 2024 which commenced at 03:00 P.M and concluded at 04:15 P.M. and inter-alia consider the following:

  1. Pursuant to the approval of the shareholders of the Company on 23[rd] August, 2024 by way of Special Resolution at the Extra Ordinary General Meeting and further in-principle approval provided by the BSE Ltd and National Stock Exchange of India Limited on 25[th] September, 2024.

  2. The Board in its meeting held today has accorded its approval for allotment of 11,00,000 warrants of Rs. 679/- each convertible into 11,00,000 equity shares of Rs.10/- each at a premium of Rs.669/- per share for every warrant. The company has received subscription amount at Rs. 169.75/- per warrants as upfront and further for conversion of the warrant into equity shares on receipt of the balance amount Rs. 509.25/- per warrant to the Promoters and other Persons/Non-Promoter of the company on Preferential Basis to the following investors:

    • Registered /Corporate Office: 4[th] Floor, BPK Star Tower, A.B. Road, Indore – 452008 (M.P.) India Contact No. + 91 731 4780400/490 | E-mail: [email protected] | CIN: L15520MP1989PLC049380

Plant: Khodigram, Tehsil Barwaha, Distt. Khargone – 451115 (M.P.)

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Associated Alcohols & Breweries Limited

Sr.
No.		 Name of allottee
of warrants		 Category of
the
proposed
Subscribers		 No
of
Warrants
of Rs. 679/-
per warrant
proposed
for
allotment		 Upfront
Amount
Received
@
Rs. 169.75 per
Warrants
on
the issuance
of Warrant
(in Rs.)		 No of equity shares of
Rs. 10/- each to be
issued upon exercise
of
conversion
of
every warrant into
equity shares at a
premium of Rs. 669/-
per share
1. Mr. Anand Kumar
Kedia		 Promoter 4,50,000 7,63,87,500 4,50,000
2. Mr. Prasann Kumar
Kedia		 Promoter 4,50,000 7,63,87,500 4,50,000
3. Mr. Ashish Garg Other
Person/Non-
Promoter		 1,00,000 1,69,75,000 1,00,000
4. Mr. Nishid Babulal
Shah		 Other
Person/Non-
Promoter		 1,00,000 1,69,75,000 1,00,000
Total 11,00,000 18,67,25,000 11,00,000

As per the terms of allotment of the said Warrants read with Chapter V of SEBI (ICDR) Regulations, 2018, the Warrant holders are entitled to exercise the right attached to the said Warrants and subscribe balance amount of Warrants within a period of Eighteen (18) months from the date of allotment of such Warrants.

  1. The terms of allotment are more clearly described in the “ Annexure-I” attached hereunder.

You are requested to kindly take the same on record for your further needful.

Thanking you, Yours faithfully,

For Associated Alcohols & Breweries Limited

SUMIT Digitally signed by SUMIT JAITELY JAITELY Date: 2024.10.07 16:26:22 +05'30' Sumit Jaitely

Company Secretary & Compliance Officer

Encl:a/a

Registered /Corporate Office: 4[th] Floor, BPK Star Tower, A.B. Road, Indore – 452008 (M.P.) India Contact No. + 91 731 4780400/490 | E-mail: [email protected] | CIN: L15520MP1989PLC049380

Plant: Khodigram, Tehsil Barwaha, Distt. Khargone – 451115 (M.P.)

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Associated Alcohols & Breweries Limited

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Annexure I

Disclosure of Event and Information pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015

Sr.
No.		 Particulars of
Securities		 Details of Securities Details of Securities Details of Securities Details of Securities Details of Securities
a) Type
of
securities
issued		 11,00,000 Convertible Warrants of Rs. 679/- each convertible into 11,00,000
equity shares of Rs. 10/- each at a premium of Rs. 669/- per share for every
warrant in the ratio of 1:1.
b) Type
of
issuance
(further
public
offering, rights issue,
depository
receipts
(ADR/GDR), qualified
institutions
placement,
preferential
allotment, etc.)		 Preferential Allotment in accordance with the provisions of the Companies
Act, 2013 and the rules made thereunder and SEBI (Issue of Capital and
Disclosure Requirements) Regulations, 2018, as amended ("ICDR
Regulations") and other applicable laws
c) Total
number
of
securities proposed
to be issued or the
total
amount
for
which the securities
will be issued
(approximately);		 11,00,000 Warrants of Rs. 679/- each convertible into 11,00,000 equity
shares of Rs. 10/- each issued at a premium of Rs. 669/- per share.
Additional Information:
i. Name of the Investor Sr
No		 Name of Investor Number
of
Warrants		 Convertible
into Equity
1 Mr. Anand Kumar Kedia 4,50,000 4,50,000
2 Mr. Prasann Kumar Kedia 4,50,000 4,50,000
3 Mr. Ashish Garg 1,00,000 1,00,000
4 Mr. Nishid Babulal Shah 1,00,000 1,00,000
Total 11,00,000 11,00,000
ii. Post
Allotment
of
securities - outcome		 Post allotment of securities-outcome of
subscription)		 the subscription (assuming full

Registered /Corporate Office: 4[th] Floor, BPK Star Tower, A.B. Road, Indore – 452008 (M.P.) India Contact No. + 91 731 4780400/490 | E-mail: [email protected] | CIN: L15520MP1989PLC049380

Plant: Khodigram, Tehsil Barwaha, Distt. Khargone – 451115 (M.P.)

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Associated Alcohols & Breweries Limited

of the subscription,
issue price / allotted
price
(in
case
of
convertibles),
number of investors;

Sr.
No.		 Name
of
Investor		 Prior
to
Subscription		 Prior
to
Subscription		 Assuming
full
conversion
of
outstanding
Warrants
(Previous)*		 Holding
Post
Preferential
Issue
After
conversion
of
warrants
(assuming
full
subscription)		 Holding
Post
Preferential
Issue
After
conversion
of
warrants
(assuming
full
subscription)
No. of
Shares		 % No. of
Shares		 No. of
Shares		 %
1 Mr.
Anand
Kumar
Kedia		 7,27,400 4.02% 11,77,400 16,27,200 8.10%
2 Mr.
Prasann
Kumar
Kedia		 9,56,200 5.29% 14,06,200 18,56,200 9.24%
3 Mr.
Nishid
Babulal
Shah		 89,250 0.49% - 1,89,250 0.95%
4 Mr.
Ashish
Garg		 0 0% - 1,00,000 0.50%
iii. in
case
of
convertibles
-
intimation
on
conversion
of
securities or on lapse
of the tenure of the
instrument;





Rs.169.75 (i.e. 25% of the Consideration of the Warrants) paid and the
balance i.e. Rs. 509.25 would be payable at the time of conversion of the
Warrants into Equity Shares.
Each Warrant is convertible into 1(One) Equity Share and the conversion can
be exercised at any time within a period of 18 months from the date of
allotment, in one or more tranches, as the case may be and on such other
terms and conditions as set out for issuance of securities.

*Assuming that the proposed allottee of the warrants shall subscribe to the entire proposed issue and exercise their rights for converting the outstanding 9,00,000 warrants issued on 28 March, 2024.

For, Associated Alcohols & Breweries Limited

SUMIT Digitally signed by SUMIT JAITELY JAITELY Date: 2024.10.07 16:26:34 +05'30'

Sumit Jaitely

Company Secretary & Compliance Officer

Registered /Corporate Office: 4[th] Floor, BPK Star Tower, A.B. Road, Indore – 452008 (M.P.) India Contact No. + 91 731 4780400/490 | E-mail: [email protected] | CIN: L15520MP1989PLC049380

Plant: Khodigram, Tehsil Barwaha, Distt. Khargone – 451115 (M.P.)

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