Allied Blenders & Distillers Limited submitted its disclosure of related party transactions (RPTs) under Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the half year ended March 31, 2026. The filing, dated May 14, 2026, was made in accordance with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. All transactions disclosed were approved by the audit committee. The disclosure was signed by Sumeet Maheshwari, Company Secretary & Compliance Officer (Membership No. ACS - 15145), and has also been uploaded on the company's website.

Transactions with ABD Dwellings Private Limited and ABD Foundation

The filing details several transactions with subsidiaries during the reporting period. The following table summarises transactions involving ABD Dwellings Private Limited and ABD Foundation (amounts in Lakhs):

The loan extended to ABD Dwellings Private Limited carries an interest rate of 10.00%, is unsecured, repayable on demand, and was utilised for working capital purposes.

Transactions with ABD Maestro Private Limited

ABD Maestro Private Limited was the counterparty in the largest number of transactions during the half year. The following table presents the details (amounts in Lakhs):

The investment in ABD Maestro Private Limited rose from an opening balance of ₹1,400.00 lakhs to a closing balance of ₹4,200.00 lakhs during the period, reflecting the ₹2,800.00 lakhs transaction value.

Transactions with Minakshi Agro Industries LLP and NV Distilleries & Breweries

Significant transactions were also recorded with Minakshi Agro Industries LLP and NV Distilleries & Breweries (AP) Pvt Ltd, both classified as subsidiaries. The details are presented below (amounts in Lakhs):

The loan to NV Distilleries & Breweries (AP) Pvt Ltd recorded an opening balance of ₹1,753.20 lakhs and a closing balance of ₹1,816.90 lakhs during the reporting period.

Key Management Personnel and Other Related Party Transactions

The disclosure also covers transactions with key management personnel and enterprises where key management personnel hold significant influence. These are summarised below (amounts in Lakhs):

The advance to Sarthak Blenders & Bottlers Private Limited stood at an opening balance of ₹1,538.52 lakhs, rising to a closing balance of ₹1,587.70 lakhs during the half year. All transactions listed in the disclosure were approved by the audit committee, with no ratification-related details separately noted in the filing.

Allied Blenders & Distillers held its Board of Directors meeting on Thursday, May 14, 2026, approving the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company delivered its highest-ever annual EBITDA and PAT in FY26, driven by accelerated premiumisation and disciplined cost management. The board recommended a final dividend of ₹5.40 per equity share and approved a fund-raise of up to ₹1,000 crores, subject to shareholder and regulatory approvals. Statutory auditor Walker Chandiok & Co. LLP issued an unmodified audit opinion on both the standalone and consolidated financial results.

Consolidated Financial Performance

On a consolidated basis, the Group reported its highest-ever annual PAT of ₹220 crore (₹22,011.74 lakhs) for the full year ended March 31, 2026, up 13.0% from ₹195 crore (₹19,484.56 lakhs) in the previous year. Consolidated EBITDA rose 25.8% to ₹568 crore, with EBITDA margin expanding 163 bps to 14.4% from 12.7% in FY25. Income from Operations — defined as Total Income less Excise Duty — grew 11.5% to ₹3,949 crore from ₹3,541 crore in FY25. Consolidated revenue from operations was ₹7,57,134.71 lakhs versus ₹8,07,315.46 lakhs in the prior year. Key consolidated financial metrics are presented below:

*FY26 PAT is net of tax expenses (including interest) for earlier years of ₹45.45 crore

Consolidated total assets stood at ₹4,15,370.23 lakhs as at March 31, 2026, compared to ₹3,52,906.29 lakhs in the prior year. Total consolidated equity was ₹1,68,573.11 lakhs, including equity attributable to owners of ₹1,66,266.66 lakhs and non-controlling interest of ₹2,306.45 lakhs. Net cash generated from consolidated operating activities was ₹36,196.12 lakhs for the year, against net cash used of ₹67,842.21 lakhs in the prior year. The consolidated Statement includes the financial results of the company and its 12 subsidiaries.

Standalone Financial Performance

On a standalone basis, Allied Blenders & Distillers reported a PAT of ₹26,832.96 lakhs for the full year ended March 31, 2026, compared to ₹20,012.88 lakhs in the previous year. Revenue from operations stood at ₹7,50,982.91 lakhs for the year, against ₹8,07,296.11 lakhs in the prior year. The following table summarises key standalone financial metrics:

*Anti-Dilutive

The standalone balance sheet as at March 31, 2026 reflects total assets of ₹4,16,213.32 lakhs (versus ₹3,54,034.46 lakhs as at March 31, 2025), with total equity of ₹1,74,430.47 lakhs. Net cash generated from operating activities on a standalone basis was ₹45,294.30 lakhs for the year, compared to net cash used of ₹67,605.79 lakhs in the prior year.

Management Commentary

Commenting on the results, Alok Gupta, Managing Director of ABD, stated: "FY26 stands out as a defining year for ABD, marked by record annual profits and our second consecutive year of consistent quarterly performance post-listing. This success is driven by the accelerated growth of our P&A portfolio, build-up of our luxury portfolio and disciplined cost management. Another landmark achievement is ICONiQ White crossing the 10-million-case milestone. Our strategic investments in strengthening our manufacturing backbone will further enhance supply chain efficiencies, ensuring that ABD remains agile and margin accretive. With this strong foundation, we are now entering a transformative next phase of growth, centered on scaling our market presence and driving market shares as we enter the new financial year."

Business Performance Highlights

Prestige & Above (P&A) Portfolio

The company delivered 9.3 million cases in Q4FY26, up 8.7% year-on-year from 8.5 million cases in Q4FY25, driven by strong growth of 20.5% YoY in the P&A category. P&A volume salience rose to 47.0% in Q4FY26 from 42.4% in Q4FY25, while value salience improved to 57.7% from 51.6% over the same period. ICONiQ White — recognised as the world's fastest-growing Millionaire Spirits Brand in 2023 and 2024 — surpassed the 10 million cases milestone in March 2026, achieving 10.7 million cases in FY26, a growth of 87.8% from 5.7 million cases in FY25.

Luxury Portfolio Expansion (ABD Maestro)

In February 2026, ABD Maestro introduced 'The Collective' Limited Edition 34-Year-Old Single Malt — a rare Speyside single malt distilled in 1991 at Macallan Distillery, released as 60 hand-crafted, individually numbered bottles priced at ₹11 lakh each in Maharashtra. Over 50% of the edition was secured through pre-orders and sales. Zoya Pink, a super-premium gin extension, was launched in April 2026 in Maharashtra, with a phased rollout planned across key markets in India.

International Expansion

ABD expanded its international presence to 36 countries in FY26, up from 23 countries in FY25. ICONiQ White has been launched in 9 countries, while super-premium to luxury portfolio brands Arthaus Blended Malt Scotch Whisky and Zoya gin are available in UAE, New Zealand, Ivory Coast, and Rwanda.

Dividend, AGM, and Fund-Raise

The board has recommended a final dividend of ₹5.40 per equity share of face value ₹2 each (270%) for FY26, up from ₹3.60 per share in the previous year, subject to shareholder approval at the ensuing 18th Annual General Meeting. Key corporate action details are as follows:

The board also approved raising funds up to ₹1,000 crores (or equivalent in any other currency) through issuance of equity shares, convertible bonds/debentures, warrants, preference shares, or any other equity-linked securities, in one or more tranches, subject to shareholder and regulatory approvals.

Key Regulatory and Corporate Developments

The auditor highlighted two emphasis of matter items in both the standalone and consolidated audit reports. First, a demand of ₹3,398.72 lakhs (net of adjustments) raised by Canteen Stores Department (CSD) relating to differential trade rates for sales during April 2012 to October 2017 remains sub judice, with the next arbitration hearing scheduled for June 10, 2026. Second, following an Income Tax Department search operation in December 2023, assessment orders for Assessment Years 2014-15 to 2024-25 initially raised an aggregate demand of ₹35,231 lakhs and interest of ₹24,914 lakhs. A subsequent order dated January 30, 2026 revised the demand and related interest to ₹2,607.53 lakhs and ₹1,937.71 lakhs, respectively, and the company recognised a tax expense (including interest) for earlier years of ₹4,545.24 lakhs in its financial results for the quarter and year ended March 31, 2026.

On the corporate actions front, the board approved a Scheme of Amalgamation of Deccan Star Distilleries India Private Limited and Sarthak Blenders & Bottlers Private Limited with Allied Blenders and Distillers Limited, subject to regulatory and other approvals. The company completed the acquisition of UTO Asia Pte. Ltd. (Singapore) for EUR 1,225,000, and Kion Blenders Industries Private Limited became a subsidiary effective March 2, 2026. In March 2026, the company announced the acquisition of up to 50% equity stake in Kion Blenders Industries Private Limited for an investment of up to ₹45 crore. KION is setting up a 66 MLPA dual-mode distillery at Vizianagaram, Andhra Pradesh with a total investment of ~₹300 crore, expected to be commissioned by Q4FY28. Additionally, the Management Committee approved the acquisition of assets of a non-operational distillery cum bottling facility in Uttar Pradesh from National Industrial Corporation Private Limited for up to ₹7,000 lakhs. The Nomination and Remuneration Committee granted 3,200,000 stock options under the ABD Employee Stock Option Scheme, with the company recording a cost of ₹332.91 lakhs (standalone) and ₹422 lakhs (consolidated) during the quarter and year ended March 31, 2026.

Awards and Recognitions

ABD received several industry accolades during the period. At the Icons of Whisky India Awards 2026, ABD Maestro Private Limited was awarded 'Distiller of the Year' at the 15th edition of the awards, while ARTHAUS Blended Malt Scotch Whisky was recognised as "Campaign Innovator of the Year." At the London Spirits Competition 2026, ABD Maestro secured three Gold Medals for Zoya Special Batch Gin, Zoya Espresso Coffee Gin, and Woodburns Contemporary Indian Malt Whisky. Arthaus Blended Malt Scotch Whisky, Pumori Small Batch Gin, Rangeela Contemporary Indian Vodka, Zoya Watermelon Gin, and Segredo Aldeia White Rum also received awards. The company's millionaire brands — Sterling Reserve B7 Whisky, ICONiQ White Whisky, Golden Mist Brandy, and Kyron Brandy — secured multiple accolades, reflecting the breadth of ABD's portfolio and its growing international recognition.

Q4FY26 Earnings Conference Call

Following the board meeting, the company scheduled a conference call on Friday, May 15, 2026, at 3:00 PM (IST), organised in association with Antique Stock Broking Limited, to discuss its Q4FY26 earnings with analysts, institutional investors, and other participants. Senior management participating in the call included:

Dial-in details for the conference call are available via pre-registration through the conference call invite link, with universal access numbers +91 22 6280 1342 / +91 22 7115 8243 for India-based participants. The trading window for designated persons remains closed from April 1, 2026, until 48 hours after the declaration of the audited financial results. Both intimations have been filed by Sumeet Maheshwari, Company Secretary and Compliance Officer (Membership No. ACS 15145).