Som Distilleries & Breweries Limited — Board Meeting, 28-02-2025: Outcome of Board Meeting

The board meeting outcome revealed the approval for a preferential issue to raise funds through the issuance of up to 20,00,000 equity shares at ₹112 each, totaling approximately ₹22.40 crore. The funds will support working capital, operational expenditures, and general corporate purposes. Additionally, an Extra-Ordinary General Meeting is scheduled for March 24, 2025, to discuss the reappointment of directors and the preferred equity issue. Omnibus approval for certain related-party transactions was also granted. This strategic move aims to enhance the company's financial robustness and operational capabilities.