Som distilleries & breweries Limited has announced a credit rating revision by Infomerics Ratings, marking a downgrade across multiple rating categories. The company disclosed this development to stock exchanges as part of its regulatory compliance under SEBI listing regulations.

Credit Rating Revisions

Infomerics Ratings has implemented comprehensive rating changes for the distillery company. The revision reflects operational challenges currently facing the organization.

Impact on Subsidiary Operations

The rating revision extends beyond the parent company to its subsidiary operations. Woodpecker Distilleries and Breweries Private Limited, a subsidiary of Som Distilleries and Breweries Limited, has received identical rating adjustments from Infomerics Ratings.

Regulatory Challenges

The rating agency has attributed the downgrade primarily to operational disruptions within the company's manufacturing operations. The revision reflects the impact of a temporary suspension of the company's manufacturing license by the Excise Department, which has affected the company's operational capabilities.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both the National Stock Exchange of India Limited and BSE Limited about the rating changes. This communication was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also made this information available on its official website for stakeholder access.

The rating revision represents a significant development for the distillery company, as credit ratings directly influence borrowing costs and access to capital markets for future business operations.

Som Distilleries & Breweries Limited has informed stock exchanges about the current status of its license suspension matter through a regulatory disclosure dated March 28th, 2026. The company confirmed that there has been no change in the suspension status since its initial press release on February 5th, 2026.

Current License Status

The company continues to face challenges with its suspended license, with no resolution achieved since the initial suspension announcement. Som Distilleries stated that it is making all necessary efforts to resolve the matter and break the present deadlock at the earliest possible time.

High Court Proceedings Update

Recent legal developments have shown mixed outcomes for the company's efforts to resolve the license suspension:

The Single Bench of the Madhya Pradesh High Court did not favourably consider the company's petition seeking validation of the license on March 23rd, 2026. However, the company quickly approached the Double Bench of the same court on the following day, March 24th, 2026.

Associate Company Relief

The Double Bench of the Madhya Pradesh High Court provided some relief by granting permission for Som Distilleries' associate company to participate in the country liquor tender process. This development offers a potential avenue for business continuity while the main license suspension matter remains unresolved.

Stakeholder Communication

Som Distilleries emphasized its commitment to maintaining transparency with shareholders and stakeholders throughout this process. The company stated that any material developments will be promptly communicated through appropriate disclosures in compliance with applicable regulatory requirements.

The disclosure was signed by Director Nakul Sethi and submitted to both the National Stock Exchange of India Limited and BSE Limited as part of the company's regulatory compliance under SEBI LODR Regulations 2015.