Board approved preferential issue of up to 32,12,955 convertible warrants to promoter Deepak Arora at Rs 77.81 each, aggregating up to Rs 25 Cr, subject to shareholder and regulatory approvals. First equity raise since listing, breaking the company’s prior no-dilution pattern and marking a shift from internally funded expansion. Potential dilution and conversion terms remain unresolved; use of proceeds, conversion timeline and final promoter ownership were not disclosed.
Som Distilleries And Breweries Approves ₹25 Crore Warrant Issue To Deepak Arora
Som Distilleries And Breweries Approves ₹25 Crore Preferential Warrant Issue For Promoter
Som Distilleries Board To Consider Preferential Convertible Warrants And Shares
Som Distilleries Board To Consider Preferential Convertible Warrants Issue
Som Distilleries And Breweries Ratings Downgraded To BB+ After Bhopal License Suspension