Associated Alcohols & Breweries has intimated the stock exchanges of an upcoming Board of Directors meeting scheduled for Monday, May 18, 2026, pursuant to Regulation 29 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The meeting will be held at the company's registered and corporate office located at 4th Floor, BPK Star Tower, A.B. Road, Indore, Madhya Pradesh – 452008.

Agenda for the Board Meeting

The board is set to deliberate on several key matters during the meeting. The following table outlines the primary agenda items:

The board's consideration of both standalone and consolidated audited financial statements underscores the company's compliance with applicable regulatory disclosure requirements.

Trading Window Closure

In accordance with the company's code of conduct for the prohibition of insider trading under SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the company's securities has been closed effective April 1, 2026. The closure will remain in effect until the completion of 48 hours after the declaration of financial results.

All directors, designated employees of the company, and their relatives have been duly intimated to refrain from entering into any transaction involving the equity shares of the company during the period of trading window closure.

Company Details

The intimation was signed by Abhinav Mathur, Company Secretary and Compliance Officer, on May 9, 2026. Key details of the company are as follows:

The board meeting notification was filed with both BSE Limited and the National Stock Exchange of India Limited in compliance with applicable listing regulations.

Associated Alcohols & Breweries Limited has secured approval from the National Company Law Tribunal (NCLT), Kochi Bench, for its resolution plan to acquire SDF Industries Limited. The approval, granted through an order dated April 16, 2026, enables AABL to proceed with the acquisition at ₹30.85 crore, making SDF Industries a wholly owned subsidiary upon completion.

Strategic Acquisition Details

The acquisition involves a distillery-cum-bottling unit located in Thrissur, Kerala, offering significant operational capabilities for AABL's expansion in the region. SDF Industries brings substantial manufacturing capacity and strategic advantages to strengthen AABL's position in the Kerala market.

Facility Advantages and Location Benefits

The SDF Industries facility offers several strategic advantages for AABL's operations. Located on the border of Thrissur and Palakkad districts in the central part of Kerala, the facility provides an attractive distribution hub across the state. The location ensures excellent connectivity to major airports including Kochi, Coimbatore, and Calicut.

The proximity to Coimbatore, a key industrial hub, facilitates seamless sourcing of packaging materials. This strategic positioning supports AABL's distribution network and operational efficiency in the Kerala market.

Operational Integration and Brand Portfolio

AABL plans to transition several brands from third-party bottling arrangements to in-house operations at the acquired facility. The brands scheduled for integration include:

• Lemount White Brandy
• Lemount Black Rum
• Jamaican Magic Rum
• Mood Maker Brandy
• Mood Maker Orange Vodka

This transition is expected to enhance operational capabilities by improving efficiencies, ensuring consistent quality, and supporting future growth plans. The company also anticipates leveraging surplus bottling capacity to unlock incremental revenue opportunities.

Market Position and Growth Strategy

AABL entered the Kerala market in 2018, which has since emerged as a key growth market for the company. Currently ranking among the top 3 private players in the state, AABL records sales of approximately 1.50 lakh cases per month. The acquisition aims to bring bottling operations in-house, enabling greater control over production and efficiency.

Post-acquisition, AABL plans to upgrade the facility with advanced technology to align with its quality standards. Managing Director Prasann Kedia emphasized the company's success with White Brandy, described as the world's first of its kind, which has been well accepted in Kerala and nearby states. The acquisition is expected to aid in launching new product offerings in Kerala, nearby states, and overseas exports.

Company Background

Established in 1989, Associated Alcohols & Breweries Limited operates an integrated alcoholic beverage manufacturing facility near Indore, Madhya Pradesh. The company maintains presence across the entire liquor value chain, including IMFL (Proprietary & Licensed), IMIL, Merchant ENA, and Ethanol production. AABL focuses on premiumization through its Prestige & Above portfolio, featuring brands such as Nicobar Gin, Hillfort Whisky, and Titanium Vodka. With operations spanning multiple states including Madhya Pradesh, Kerala, Puducherry, Goa, Delhi, West Bengal, Chhattisgarh, Jharkhand, Maharashtra, and Uttar Pradesh, AABL continues expanding its footprint toward becoming a pan-India player.