Associated Alcohols & Breweries logo

Associated Alcohols & Breweries CEO, MD, chairman, board of directors and AGM

NSE: ASALCBRBSE: 507526BeveragesSmall Cap

Last close ₹538.40down ₹23.60 (4.20%)BSE ₹539.85

Share price at the NSE close on 23 Oct 2026. Previous close ₹562.00.

52-week range of traded prices to 23 Oct 2026
₹524.00Low, 23 Oct 2026₹1,277.00High, 3 Nov 2025
Market cap
₹1,081 Cr1,262nd largest listed
P/E
13.1
P/B
1.6
Dividend yield
0.37%
ROE
13.6%
ROCE
14.4%
Debt to equity
0.10
Volume, NSE
86,63947.4% delivered

Associated Alcohols & Breweries board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorPrasann Kumar Kedia
  • Chief executiveAnshuman Kedia
  • Company Secretary and Compliance OfficerAbhinav Mathur

6 directors3 independent3 executive

  • Prasann Kumar Kedia · Chairperson and managing directorExecutive · joined May 2023 · 1 listed board · 1 committee seat
  • Anshuman Kedia · Chief executiveExecutive · joined May 2023 · reappointed May 2024 · 1 listed board
  • Tushar BhandariExecutive · joined Jan 2017 · reappointed Jan 2022 · 1 listed board · 1 committee seat
  • Swaraj Kumar PuriIndependent · joined Feb 2024 · reappointed Feb 2024 · 31 months as independent · 1 listed board · 1 as independent · 3 committee seats, 1 as chair
  • Debashis DasIndependent · joined May 2020 · reappointed May 2023 · 41 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Apurva Pradeep JoshiIndependent · joined Sep 2020 · reappointed Aug 2025 · 73 months as independent · 5 listed boards · 5 as independent · 8 committee seats, 2 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 24 Jul 20266 of 6 present3 independent · 66 days in between
    • 18 May 20265 of 6 present2 independent · 46 days in between
    • 1 Apr 20266 of 6 present3 independent

  • Audit Committee

    Chair Swaraj Kumar Puri

    Prasann Kumar Kedia, Debashis Das, Apurva Pradeep Joshi

    • 24 Jul 20264 of 4 present3 independent · 66 days in between
    • 18 May 20263 of 4 present2 independent

  • Nomination and remuneration committee

    Chair Apurva Pradeep Joshi

    Swaraj Kumar Puri, Debashis Das

    • 18 May 20262 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Debashis Das

    Swaraj Kumar Puri, Tushar Bhandari

    • 18 May 20262 of 3 present1 independent

  • Risk Management Committee

    Chair Prasann Kumar Kedia

    Tushar Bhandari, Anshuman Kedia, Swaraj Kumar Puri, Debashis Das

    • 24 Jul 20265 of 5 present2 independent

  • Corporate Social Responsibility Committee

    Chair Anshuman Kedia

    Debashis Das, Swaraj Kumar Puri

    • 24 Jul 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Singhi & Co.Peer-review certificate valid to Aug 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Associated Alcohols & Breweries AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Associated Alcohols & Breweries dividend history

Annual general meeting, 16 Sep 2026

41,621 shareholders on the register on 9 Sep 2026; present: 11 promoters and 62 others; votes counted by CS Ishan Jain / Ishan Jain & Co..The company's voting result (opens in a new tab)

  1. Adoption of the Standalone Audited Financial Statements which includes the Audited Balance Sheet as of 31st March 2026, Statement Profit & Loss, Cash Flow and Statement of Changes in Equity of the Company for the year ended 31st March 2026 and the Reports of the Board and Auditor’s thereon as on that date.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

    Turnout: all 63.03% · promoters 100.00% · institutions 23.57% · other public 0.27%

  2. Adoption of the Consolidated Audited Financial Statements which includes the Audited Balance Sheet as of 31st March 2026, Statement Profit & Loss, Cash Flow and Statement of Changes in Equity of the Company for the year ended 31st March 2026 and the Reports of the Board and Auditor’s thereon as on that date..MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

    Turnout: all 63.03% · promoters 100.00% · institutions 23.57% · other public 0.27%

  3. To declare dividend on Equity Shares for the financial year ended 31st March 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.58%

    Turnout: all 63.03% · promoters 100.00% · institutions 23.57% · other public 0.27%

  4. To reappoint Mr. Anshuman Kedia DIN 07702629 who is liable to retire by rotation and being eligible has offered himself for reappointment.
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 18.62% · other public 1.21%

    Turnout: all 63.03% · promoters 100.00% · institutions 23.57% · other public 0.27%

  5. To ratify the remuneration to be payable to M/s M.P. Turkhia & Associates, Cost Auditors of the company for the year 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.11%

    Turnout: all 63.03% · promoters 100.00% · institutions 23.57% · other public 0.27%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Dec 2025, 2 resolutions

45,560 shareholders on the register on 21 Nov 2025; votes counted by CS Ishan Jain / Ishan Jain & Co.The company's voting result (opens in a new tab)

  1. Approval for Alteration in Clause III(A) of Memorandum of Association (MOA) of the Company by inserting new Clause III(A)(5) in the Memorandum of Association of the company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.71%

    Turnout: all 61.49% · promoters 100.00% · institutions 33.69% · other public 0.43%

  2. Approve for the Alteration in the Articles of Association (AOA) for inclusion of some definitions and new Article 157 in the AOA of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 61.49% · promoters 100.00% · institutions 33.69% · other public 0.43%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 2 Aug 2025, 9 resolutions

39,107 shareholders on the register on 26 Jul 2025; present: 5 promoters and 49 others; votes counted by CS Ishan Jain / Ishan Jain & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the company for the financial year ended March 31, 2025 and the reports of Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 59.98% · promoters 100.00% · institutions 65.44% · other public 0.46%

  2. Approval for declaration of Rs. 2/- (i.e. 20%) dividend on 1,80,79,200 Equity Shares of Rs. 10/- each for the financial year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 59.98% · promoters 100.00% · institutions 65.44% · other public 0.46%

  3. Re-appointment of Mr. Tushar Bhandari (DIN: 03583114), Director who is liable to retire by rotation and being eligible as offered himself for reappointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 59.98% · promoters 100.00% · institutions 65.44% · other public 0.46%

  4. To reappoint Ms. Apurva Pradeep Joshi (DIN:06608172) as an Independent Director of the company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 59.98% · promoters 100.00% · institutions 65.44% · other public 0.46%

  5. To approve the revised limits of managerial remuneration
    Special
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 18.74% · other public 8.60%

    Turnout: all 59.98% · promoters 100.00% · institutions 65.44% · other public 0.46%

  6. To approve revised remuneration of Mr. Prasann Kumar Kedia (DIN:00738754),Managing Director of the Company
    Special
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 18.74% · other public 0.32%

    Turnout: all 59.98% · promoters 100.00% · institutions 65.44% · other public 0.46%

  7. Approval of revised remuneration of Mr. Anshuman Kedia (DIN:07702629), Whole Time Director & CEO of the Company
    Special
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 18.74% · other public 0.32%

    Turnout: all 59.98% · promoters 100.00% · institutions 65.44% · other public 0.46%

  8. Appointment of K. Arun & Co., Practicing Company Secretaries as Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 59.98% · promoters 100.00% · institutions 65.44% · other public 0.46%

  9. Approval for the remuneration payable to the Cost Auditors of the company for the financial year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 59.98% · promoters 100.00% · institutions 65.44% · other public 0.46%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 23 Aug 2024, 1 resolution

Present: 10 promoters and 40 others.The company's voting result (opens in a new tab)

  1. To consider and approve the issue of convertible warrants into equity shares of Rs. 10/- each on a preferential basis to promoters and other persons/Non Promoter of the company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 61.12% · promoters 100.00% · institutions 42.32% · other public 3.56%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 2 Aug 2024, 9 resolutions

Present: 10 promoters and 49 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the company for the financial year ended March 31, 2024 and the reports of Board of Directors and Auditors thereon Auditors thereon
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.94%

    Turnout: all 60.29% · promoters 100.00% · institutions 0.30% · other public 2.50%

  2. Approval for declaration of Rs. 2/- (i.e. 20%) dividend on 1,80,79,200 Equity Shares of Rs. 10/- each for the financial year ended March 31, 2024.
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.94%

    Turnout: all 60.29% · promoters 100.00% · institutions 0.30% · other public 2.50%

  3. Re-appointment of Mr. Anshuman Kedia (DIN: 07702629), Director who is liable to retire by rotation and being eligible as offered himself for reappointment.
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.94%

    Turnout: all 60.29% · promoters 100.00% · institutions 0.30% · other public 2.50%

  4. To re-appoint Mr. Anshuman Kedia (DIN: 07702629) - Whole Time Director as CEO and redesignated as Whole Time Director & CEO of the company w.e.f. 02nd May, 2024 to 07th May, 2028 and approval of his remunerationMoreLess
    Special
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.94%

    Turnout: all 60.29% · promoters 100.00% · institutions 0.30% · other public 2.50%

  5. To revise the terms of appointment of Mr. Tushar Bhandari (DIN: 03583114) Whole Time Director of the company w.e.f. 01st February, 2024 for his remaining tenure upto 4th January, 2027.
    Special
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.94%

    Turnout: all 60.29% · promoters 100.00% · institutions 0.30% · other public 2.50%

  6. To approve the re-appointment and enhancement of salary of Mr. Harshan Kumar Bhandari as a Senior Executive w.e.f. 1st February, 2024 as office or place of profit u/s 188(1)(f) of the Companies Act, 2013.MoreLess
    Ordinary
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 100.00% · other public 15.21%

    Turnout: all 60.21% · promoters 100.00% · institutions 0.30% · other public 2.29%

  7. To approve the re-appointment and enhancement of salary of Mrs. Garima Kedia as a Senior Executive, Asst. Vice-President CSR w.e.f. 1st April, 2024 as office or place of profit u/s 188(1)(f) of the Companies Act, 2013.MoreLess
    Ordinary
    99.62% for0.38% against

    Against: promoters 0.00% · institutions 100.00% · other public 13.95%

    Turnout: all 35.81% · promoters 61.72% · institutions 0.04% · other public 2.50%

  8. To approve the re-appointment and enhancement of salary of Mrs. Ravisha Sanghi as a Senior Executive, Asst. Vice-President ESG w.e.f. 1st April, 2024 as office or place of profit u/s 188(1)(f) of the Companies Act, 2013.MoreLess
    Ordinary
    99.53% for0.47% against

    Against: promoters 0.00% · institutions 100.00% · other public 13.95%

    Turnout: all 30.44% · promoters 49.66% · institutions 0.30% · other public 2.50%

  9. To ratify the remuneration payable to the M/s M.P. Turakhia & Associates, Cost Auditor of the company for the financial year 2024-25.
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.95%

    Turnout: all 60.29% · promoters 100.00% · institutions 0.30% · other public 2.50%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 23 Mar 2024, 2 resolutions

Present: 11 promoters and 29 others.The company's voting result (opens in a new tab)

  1. To consider and approve the Issuance of Warrants convertible into Equity Shares of Rs. 10/- each on a Preferential Basis to Promoters of the company
    SpecialPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 18.31%

    Turnout: all 50.24% · promoters 84.29% · institutions 4.41% · other public 0.53%

  2. To consider and approve the Appointment of Dr. Swaraj Kumar Puri (DIN: 10522141) as an Independent Director of the Company
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.96%

    Turnout: all 50.24% · promoters 84.29% · institutions 4.41% · other public 0.53%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 2 Aug 2023, 8 resolutions

Present: 7 promoters and 51 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements together with Directors Report as also the Auditors Report thereon for the year ended March 31, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 59.12% · promoters 100.00% · institutions 0.30% · other public 1.64%

  2. To declare dividend on Equity Shares for the financial year ending 31st March, 2023 @ 10% i.e. Rs. 1/- per equity share of Rs. 10/- each
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 59.12% · promoters 100.00% · institutions 0.30% · other public 1.65%

  3. To re-appoint Mr. Tushar Bhandari (DIN: 03583114) Director who is liable to retire by rotation has offered himself for reappointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.20%

    Turnout: all 59.09% · promoters 100.00% · institutions 0.30% · other public 1.57%

  4. To Appoint Mr. Debashis Das (DIN: 08755043) as an Independent Director of the company for a term of 5 (Five) consecutive years w.e.f. 08th May, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 59.12% · promoters 100.00% · institutions 0.30% · other public 1.64%

  5. To Appoint Mr. Prasann Kumar Kedia (DIN: 00738754) as a Director further as the Managing Director of the company w.e.f. 08th May, 2023
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.06%

    Turnout: all 53.83% · promoters 90.95% · institutions 0.30% · other public 1.64%

  6. To Appoint Mr. Anshuman Kedia (DIN: 07702629) as a Executive Director further as the Whole Time Director of the company w.e.f. 08th May, 2023
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.06%

    Turnout: all 48.66% · promoters 82.12% · institutions 0.30% · other public 1.63%

  7. To approve the appointment of Mrs. Sangita Kedia at office or place of profit
    OrdinaryPromoters have an interest in it
    98.36% for1.64% against

    Against: promoters 0.00% · institutions 100.00% · other public 1.41%

    Turnout: all 1.63% · promoters 0.00% · institutions 0.30% · other public 1.64%

  8. To approve the appointment of Mrs. Sweta Kedia at office or place of profit
    OrdinaryPromoters have an interest in it
    98.36% for1.64% against

    Against: promoters 0.00% · institutions 100.00% · other public 1.41%

    Turnout: all 1.63% · promoters 0.00% · institutions 0.30% · other public 1.64%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 5 Aug 2022, 5 resolutions

Present: 9 promoters and 41 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements of the company together with Directors Report as also the Auditors Report thereon for the year ended 31st March, 2022
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 45.12% · promoters 76.80% · institutions 7.37% · other public 0.40%

  2. Declaration of dividend @ Rs 1/- per share on 18079200 equity shares of Rs 10/- each for the financial year ended 31st March, 2022
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.80%

    Turnout: all 45.12% · promoters 76.80% · institutions 7.37% · other public 0.40%

  3. To reappointment of Mr. Tushar Bhandari (DIN: 03583114) who is liable to retire by rotation has offered hiself for reappointment
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.76%

    Turnout: all 45.12% · promoters 76.80% · institutions 7.37% · other public 0.40%

  4. Re-appointment of Ms/ Singhi & Co Chartered Accountants (FRN: 302049E) as the Statutory Auditor of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.08%

    Turnout: all 45.12% · promoters 76.80% · institutions 7.37% · other public 0.40%

  5. Alteration by appending a new sub clause 4 under part A of Clause III of main Clause of the Memorandum of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 44.84% · promoters 76.80% · institutions 4.54% · other public 0.40%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeDeputy Commissioner of Income TaxSince 23 Mar 2025
    The company has challenged the proceeding in the Hon’ble MP High Court for the AY 2018-19, and the Hon’ble MP High Court has advised the authorities not to implement the order without the court's permission. Further, for AY 2019-20, the proceeding is pending before the Hon’ble MP High Court. Since the order for AY 2019-20 is of protective assessment, the authorities will not take any coercive action, and the company is confident that it will get a similar order from the Hon’ble MP High Court in the matter.MoreLess
    At the filing before: The status remains the same
  • Tax disputeCommissioner of Income Tax Appeals (Madhya Pradesh)Since 1 Apr 2021
    The case is pending with Hon'ble Commissioner of Income Tax Appeals (Madhya Pradesh) for AY 2011-12, 2013-14, 2020-21 & 2024-25.
    At the filing before: The status remains the same
  • Tax disputeThe Madhya Pradesh VAT Act 2002 (VAT Demand)Since 1 Apr 2015
    The case is pending with Hon'ble High Court (Madhya Pradesh) for FY 2013-14, 2014-15, 2017-18 to 2020-21 & 2021-22 & Rectification Application filed with Asst. Commissioner of Commercial Tax, Indore for FY 2022-23. For FY 2016-17, the case is pending before M.P. Commercial Tax, Appellate Board, Indore Bench.MoreLess
    At the filing before: The status remains the same
  • Tax disputeThe Madhya Pradesh VAT Act 2002 (VAT Demand)Since 1 Apr 2021
    The case is pending with Hon'ble Supreme Court of India, Delhi for FY 2015-16.
    At the filing before: The status remains the same
  • Tax disputeEntry Tax Act, 1976Since 1 Apr 2012
    The case is pending with Hon'ble High Court (Madhya Pradesh) for FY 2012-13 & Addl. Commissioner of Commercial Tax, Indore for FY 2017-18. For FY 2008-09 pending before M.P. Commercial Tax, Appellate Board, Indore Bench.MoreLess
    At the filing before: The status remains the same
  • Tax disputeCentral Sales Tax Act, 1956Since 1 Apr 2017
    The case is pending with Hon'ble High Court (Madhya Pradesh) for FY 2017-18 to 2021-22 & Rectification Application filed with Asst. Commissioner of Commercial Tax, Indore for FY 2022-23.
    At the filing before: The status remains the same
  • Tax disputeThe Madhya Pradesh Excise Act,1915Since 1 Apr 2009
    The case is pending with Hon'ble High Court (Madhya Pradesh) for FY 2009-10 to 2012-13 & FY 2023-24.
    At the filing before: The status remains the same
  • Tax disputeGoods & Services Tax Act, 2017Since 11 Mar 2026
    The case is pending with Hon'ble Commissioner (Appeals), CGST, Indore for FY 2018-19.
    At the filing before: The status remains the same
1 more
  • Tax disputeCentral Sales Tax Act, 1956Since 18 Mar 2026
    The case is pending with First Appellate Authority, Commercial Tax, Indore for FY 2023-24.
    At the filing before: The status remains the same

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Jun 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesMar 202443.65To provide loans and / or make investment in 100% Wholly owned Subsidiary of the company, Associated Alcohols and Breweries (Awadh) Limited for setting up a bottling cum distillery unit in the state of Uttar Pradesh43.650.00No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.