Associated Alcohols & Breweries Ltd — Capital/Financing Update 2025

Jan 24, 2025

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Associated Alcohols & Breweries Limited

24[th] January 2025

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:- Statement of deviation or variation in utilization of funds raised by the Company

Dear Sir/Madam

Pursuant to Regulation 32 read with Master Circular reference no. SEBI/HO/CFD/PoD2/CIR/2023/120 dated July 11, 2023, the Statement of Deviations or Variations of funds raised through Issue of convertible warrants on preferential basis for the quarter ended on 31[st] December 2024 duly approved by the Audit Committee is enclosed herewith as “ Annexure A ”.

We hereby confirm that there is no deviation or variation in the use of proceeds, from the objects stated in the Offer Document for Preferential Issue of warrants and its conversion.

You are requested to kindly take the same on record.

Thanking You,

For Associated Alcohols & Breweries Limited

Digitally signed by TUSHAR TUSHAR BHANDARI BHANDARI Date: 2025.01.24 20:49:41 +05'30'

Tushar Bhandari Whole Time Director & CFO DIN: 03583114

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: info@aabl.in | CIN: L15520MP1989PLC049380

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

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Associated Alcohols & Breweries Limited

Annexure A

I. Warrants issued on 28[th] March 2024

I. Warrants issued on 28th March 2024
Name of the listed entity / issuer	Associated Alcohols & Breweries Limited
ISIN	INE073G01016
Mode of fund raising	Preferential Issue of Convertible Warrants
Date of Raising Funds	28thMarch 2024 (Being Date of Approval & Allotment of Warrants)
Amount Raised	Rs. 10.91 Crores (The total preferential issue was of 9,00,000 warrants of Rs. 485/- each for a total consideration of Rs. 43.65 Crores. As per the terms of the preferential issue, the company has received 25% of the total consideration i.e. 10.91 Crores at a rate of Rs. 121.25 per warrant at the time of allotment. The warrant holder has the option to convert these warrants anytime within 18 Months from the date of allotment by paying the remaining consideration)
Report Filed for Quarter Ended	31stDecember 2024
Monitoring Agency	Not Applicable (“NA”)
Is there a Deviation / Variation in use funds raised of	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders	Not Applicable
If Yes, Date of shareholder Approval	Not Applicable
Explanation for the Deviation / Variation	Not Applicable
Comments of the Audit Committee after review	Not Applicable
Comments of the auditors, if any	Not Applicable

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: info@aabl.in | CIN: L15520MP1989PLC049380

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

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Associated Alcohols & Breweries Limited

Original Object	Modified Object, if any	Original Allocation (Rs. In **Crores) ***	Modified Allocation if any	Funds Utilised	Amount of Deviation/ Variation for the quarter according to applicable object	Remarks any
To provide loans and / o make investment in 100% Wholly owned Subsidiar of the company Associated Alcohols an Breweries (Awadh Limited for setting up bottling cum distillery uni in the state of Utte Pradesh	r y , d ) a t r NA	10.81	NA	-	-	-
Expenses relating to issu of preferential issue	e NA	0.10	NA	0.085	-	-

*As on 31[st] December 2024, the funds remain unutilized and have been kept earmarked for its purpose

II. Warrants issued on 07[TH] October 2024

II. Warrants issued on 07TH October 2024
Name of the listed entity / issuer	Associated Alcohols & Breweries Limited
ISIN	INE073G01016
Mode of fund raising	Preferential Issue of Convertible Warrants
Date of Raising Funds	07thOctober 2024 (Being Date of Approval & Allotment of Warrants)
Amount Raised	Rs. 18.67 Crores (The total preferential issue was of 11,00,000 warrants of Rs. 679/- each for a total consideration of Rs. 74.69 Crores. As per the terms of the preferential issue, the company has received 25% of the total consideration i.e. 18.67 Crores at a rate of Rs. 169.75 per warrant at the time of allotment. The warrant holder has the

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: info@aabl.in | CIN: L15520MP1989PLC049380

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

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Associated Alcohols & Breweries Limited

	option to convert these warrants anytime within 18 Months from the date of allotment by paying the remaining consideration)
Report Filed for Quarter Ended	31stDecember, 2024
Monitoring Agency	Not Applicable (“NA”)
Is there a Deviation / Variation in use funds raised of	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders	Not Applicable
If Yes, Date of shareholder Approval	Not Applicable
Explanation for the Deviation / Variation	Not Applicable
Comments of the Audit Committee after review	Not Applicable
Comments of the auditors, if any	Not Applicable

Original Object	Modified Object, if any	Original Allocation (Rs. In **Crores) ***	Modified Allocation if any	Funds Utilised	Amount of Deviation/ Variation for the quarter according to applicable object	Remarks any
To meet out the increased need for capital for future expansion projects, including major projects in the pipeline: the Malt plant and UP bottling cum distillery.	NA	18.57	NA	18.57	Nil	-
Expenses relating to issue of preferential issue	NA	0.10	NA	0.10	-	-

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: info@aabl.in | CIN: L15520MP1989PLC049380

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

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Associated Alcohols & Breweries Limited

Deviation or variation could mean:

• (a) Deviation in the objects or purposes for which the funds have been raised or

• (b) Deviation in the amount of funds utilized as against what was originally disclosed or

• (c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer, etc.

For Associated Alcohols & Breweries Limited

TUSHAR Digitally signed by TUSHAR BHANDARI BHANDARI Date: 2025.01.24 20:50:02 +05'30' Tushar Bhandari Whole Time Director & CFO DIN: 03583114

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: info@aabl.in | CIN: L15520MP1989PLC049380

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

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