Associated Alcohols & Breweries Limited (AABL) has successfully obtained shareholder approval for strategic amendments to its corporate documents, enabling the company to enter the power generation business. The shareholders approved the proposed changes through e-voting that concluded on December 28, 2025.

Shareholder Approval Secured

The company announced that its members have approved the alterations to both the Memorandum of Association (MOA) and Articles of Association (AOA) with the requisite majority. The e-voting process, which was scheduled from November 29, 2025, to December 28, 2025, concluded successfully with shareholders endorsing the strategic expansion.

Power Generation Business Scope

The approved amendments enable AABL to engage in comprehensive power generation activities. The new Clause No. 5 in the MOA authorizes the company to carry on business of generating, producing, refining, and dealing in various forms of energy including:

• Conventional power sources (hydel, thermal turbine, thermo electric generator)
• Non-conventional renewable energy (solar energy, rooftop solar, ground mounted solar, wind energy, tidal energy)
• Bio-mass energy and energy from petroleum by-products
• Energy conservation and efficient utilization technologies

Infrastructure and Operations Authorization

The amendments provide AABL with extensive powers to establish the necessary infrastructure for power generation operations. The company is now authorized to:

Previous Corporate Developments

This approval follows several significant developments at AABL, including the confirmation of proper fund utilization from convertible warrants totaling ₹62.32 crores raised through two warrant issues. The company also recently appointed Mr. Dilip Kumar Inani as Chief Financial Officer, replacing Mr. Tushar Bhandari who continues as Whole Time Director.

Strategic Compliance

The MOA and AOA amendments were necessary to comply with guidelines set by the Madhya Pradesh Power Transmission Company Limited and Madhya Pradesh Electricity Regulatory Commission for captive power generation. This regulatory compliance positions AABL to pursue its power generation initiatives within the established regulatory framework.

The successful shareholder approval marks a significant milestone in Associated Alcohols & Breweries Limited's diversification strategy, enabling the company to expand beyond its traditional alcoholic beverages business into the growing renewable energy sector.

Associated Alcohols & Breweries Limited (AABL) has released its financial results for the quarter ended September 30, 2025, along with announcing significant management changes and strategic initiatives.

Q2 Financial Performance

AABL reported the following financial metrics for the quarter:

All figures in INR lakhs

The company experienced a slight decrease in total income and a more significant decline in net profit year-over-year.

Management Changes

AABL announced changes in its top management:

1. CFO Resignation: Mr. Tushar Bhandari has stepped down from his position as Chief Financial Officer (CFO) of the company. Mr. Bhandari will continue to serve as the Whole Time Director of AABL.

2. New CFO Appointment: The company has appointed Mr. Dilip Kumar Inani as the new Chief Financial Officer and Key Managerial Personnel.

Strategic Initiatives

The Board of Directors has approved several strategic initiatives:

1. Memorandum and Articles of Association: The company plans to amend its Memorandum and Articles of Association to include captive power generation.

2. Share Warrant Conversion: AABL has converted 9,00,000 share warrants into equity shares after receiving INR 32.74 crores. The funds are designated for investments in its wholly-owned subsidiary for establishing a bottling and distillery unit in Uttar Pradesh.

These developments indicate that Associated Alcohols & Breweries is taking steps to adapt to market conditions and position itself for potential future growth.