Som Distilleries & Breweries has submitted a revised notice for its 33rd Annual General Meeting (AGM) to the National Stock Exchange of India Limited (NSE) and BSE Limited. The filing, dated September 25, 2026, incorporates changes from the corrigendum issued on September 21, 2026, addressing regulatory queries regarding the proposed preferential issue of convertible warrants.

The revised notice supersedes the version previously submitted to the stock exchanges on September 6, 2026. The company stated that the changes in Item No. 4 of the AGM Notice are non-material in nature and do not impact the standalone or consolidated financial statements, nor the financial position or performance of the company.

Regulatory Clarifications

The updates respond to specific observations from stock exchanges under Regulation 30 of the SEBI Listing Regulations and the SEBI ICDR Regulations, 2018. Key revisions include:

• Valuation Report Status: The company clarified that while the valuation report was not mandatory for an allotment below 5%, it was obtained as a corporate governance practice. The report date was corrected from September 3, 2026, to September 2, 2026, issued by Independent Registered Valuer Sanka Hari Surya.
• Shareholding Pattern: The post-issue shareholding pattern has been revised to reflect outstanding Employee Stock Options Plans (ESOPs) on a fully diluted basis, correcting previous calculations that omitted these instruments.
• Undertaking Correction: The explanatory statement for Item No. 4 was updated to include the required undertaking under Regulation 163(g) regarding price recomputation, replacing a duplicate reference to Regulation 163(h).
• Document Links: Exact landing page links for the Price Compliance Statement (PCS) certificate have been provided in the notice.

Utilization of Proceeds

The preferential issue aims to raise total proceeds of ₹25,00,00,028.55. The company disclosed the bifurcation of these funds towards specific objects:

The proceeds are planned for deployment in FY27 and FY28. The working capital component is intended to support the company's growing geographical footprint, particularly during peak seasons.

Shareholding Structure

The post-issue shareholding pattern indicates a slight increase in promoter holding. Promoters' individual holdings will rise from 28.38% to 29.41%, while bodies corporate remain unchanged at 10.86% post-issue. Non-promoter institutional investors hold a negligible stake, with Foreign Portfolio Investors at 0.17% and Alternative Investment Funds at 0%. Resident individuals holding nominal share capital up to ₹2 lakhs constitute the largest non-promoter block at 31.16%.

AGM Logistics and Voting

The 33rd AGM is scheduled for Tuesday, September 29, 2026, at 1:00 pm through Video Conferencing or Other Audio-Visual Means. The remote e-voting period begins on Saturday, September 26, 2026, at 9:00 am and ends on Monday, September 28, 2026, at 5:00 pm. Members whose names appear in the Register of Members as on the record date, September 22, 2026, are eligible to vote.

Som Distilleries & Breweries has scheduled its 33rd Annual General Meeting (AGM) for September 29, 2026. The meeting will seek shareholder approval for a ₹25 crore preferential allotment of convertible equity warrants to promoter Deepak Arora.

Preferential allotment details

The board approved the issuance of up to 32,12,955 Convertible Equity Warrants with a face value of ₹2 each. The issue price is set at ₹77.81 per warrant, including a premium of ₹75.81. The aggregate consideration is up to ₹25,00,00,028.55.

The warrants are convertible into equity shares within 18 months from the date of allotment. The conversion price will be determined based on the relevant date of August 28, 2026, as per SEBI ICDR Regulations. The proceeds are intended for working capital and general corporate purposes.

Payment terms require 25% of the warrant price at subscription, with the balance 75% payable upon conversion. If warrants remain unexercised after 18 months, they lapse and the subscription amount is forfeited. The issuance requires a special resolution at the AGM.

AGM and annual report approval

The 33rd AGM will be held via Video Conferencing or Other Audio Visual Means (OAVM). The register of members and share transfer books will remain closed from September 23, 2026 to September 29, 2026 (both days inclusive).

The record date for determining eligibility for the AGM is September 22, 2026. Remote e-voting begins on September 26, 2026, and ends on September 28, 2026. M/s N.K. Jain & Associates has been appointed as the scrutinizer for the e-voting process.

Additionally, the board recommended the re-appointment of Mr. Rajat Batra as a director retiring by rotation, subject to shareholder approval. The board also approved the Annual Report and Directors' Report for FY26.