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Som Distilleries and Breweries Limited has announced a board meeting regarding the Extra-Ordinary General Meeting (EGM) scheduled for March 24, 2025. The EGM will cover key agenda items, including the reappointment of Mr. Jagdish Kumar Arora as Chairman and Managing Director for five years, approval to continue the appointment of Mr. Uma Kant Samal as an Independent Director, and the appointment of Mr. Rajesh Kumar Dubey as a Whole-Time Director.
The preferential issue of up to 20,00,000 equity shares at ₹112 per share to identified promoters aims to enhance working capital and fund operational expenditures, with a focus on strengthening the company’s financial position. This strategic approach is expected to bolster investor sentiment, although potential risks persist given market dynamics. Overall, the company is likely to pursue growth opportunities while maintaining governance stability.