Som Distilleries & Breweries Limited — QIP/Rights/Pref., 28-02-2025: Preferential issue

Som Distilleries and Breweries Limited has announced a board meeting outcome to raise funds via a preferential issue of up to 20,00,000 equity shares at ₹112 each (including a premium of ₹110). The total capital raised is expected to be ₹22.40 crore. The funds will primarily support working capital needs, operational expenditures, and general corporate purposes as the company expands its footprint. Additionally, an Extra-Ordinary General Meeting is set for March 24, 2025, to consider various appointments and the approval for the preferential issue to identified promoters.