Som Distilleries and Breweries Updates on License Suspension Proceedings

1 min read     Updated on 28 Mar 2026, 11:48 PM
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Radhika SScanX News Team
AI Summary

Som Distilleries and Breweries Limited has updated stock exchanges on its ongoing license suspension matter, confirming no change in status since February 5th, 2026. While the Single Bench of Madhya Pradesh High Court did not favour their petition on March 23rd, 2026, the Double Bench granted relief allowing the associate company to participate in country liquor tenders, with final order pending.

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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:

Court Proceeding: Details
Single Bench Decision: Petition not favourably considered on March 23rd, 2026
Double Bench Approach: Filed on March 24th, 2026
Relief Granted: Associate company permitted to participate in country liquor tender
Current Status: Final order awaited

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.

Historical Stock Returns for Som Distilleries & Breweries

1 Day5 Days1 Month6 Months1 Year5 Years
-5.89%-10.07%-15.49%-50.82%-45.52%+422.98%

What alternative revenue streams could Som Distilleries pursue if the license suspension becomes permanent?

How might the associate company's participation in the country liquor tender impact Som Distilleries' market share and competitive position?

What are the potential financial implications for Som Distilleries if the Double Bench proceedings extend beyond the current fiscal year?

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Som Distilleries Promoter Deepak Arora Acquires 10,000 Equity Shares in Open Market Transaction

1 min read     Updated on 02 Mar 2026, 11:09 AM
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Som Distilleries and Breweries Limited announced that promoter Deepak Arora acquired 10,000 equity shares through open market purchase on February 25, 2026. The transaction increased Arora's individual shareholding from 2.21% to 2.22%, while the total promoter group holding rose from 39.43% to 39.44%. The acquisition demonstrates continued promoter confidence in the company and was conducted in full compliance with SEBI regulations.

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Som Distilleries and Breweries Limited has disclosed the acquisition of 10,000 equity shares by promoter Deepak Arora through an open market transaction. The acquisition was completed on February 25, 2026, as per the regulatory disclosure filed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The share acquisition represents a strategic move by the promoter to increase his stake in the company. The transaction details are summarized below:

Parameter Details
Acquirer Deepak Arora (Promoter)
Acquisition Date February 25, 2026
Number of Shares 10,000 Equity Shares
Mode of Acquisition Open Market
Disclosure Date February 27, 2026

Impact on Shareholding Pattern

The acquisition has resulted in changes to both individual and collective promoter holdings in the company:

Holding Category Before Acquisition After Acquisition Change
Deepak Arora Individual 4,602,525 shares (2.21%) 4,612,525 shares (2.22%) +10,000 shares
Total Promoter Group 81,978,821 shares (39.43%) 81,988,821 shares (39.44%) +10,000 shares

Promoter Group Composition

The promoter group consists of seven entities and individuals acting in concert. The major stakeholders within the promoter group include:

  • Jagdish Kumar Arora: 49,283,272 shares (23.71%)
  • Som Distilleries Private Limited: 20,090,147 shares (9.66%)
  • Deepak Arora: 4,612,525 shares (2.22%)
  • Ajay Kumar Arora: 3,584,797 shares (1.72%)
  • Aalok Deep Finance Private Limited: 2,889,250 shares (1.39%)

Company Capital Structure

The company's equity share capital structure remains unchanged following this transaction:

Parameter Details
Total Equity Share Capital ₹41,58,02,624
Number of Equity Shares 20,79,01,312
Face Value per Share ₹2

This acquisition demonstrates the promoter's continued confidence in the company's prospects and represents a marginal increase in the promoter group's collective stake. The transaction was conducted in compliance with regulatory requirements and has been duly disclosed to both BSE Limited and National Stock Exchange of India Limited.

Historical Stock Returns for Som Distilleries & Breweries

1 Day5 Days1 Month6 Months1 Year5 Years
-5.89%-10.07%-15.49%-50.82%-45.52%+422.98%
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1 Year Returns:-45.52%