Som Distilleries & Breweries Limited — Important, 23-01-2025: General Updates

Som Distilleries and Breweries Limited has approved the allotment of 2,424,240 equity shares at a post-split issue price of ₹110 each, following the conversion of warrants held by promoter Mr. Jagdish Kumar Arora. This conversion comes after the receipt of ₹19.99 crore as the warrant exercise price. With this allotment, the company’s paid-up equity share capital has increased to ₹40.09 crore, totaling 20,044,297 equity shares.

Currently, there are 2,483,336 warrants remaining for conversion by other holders, who must pay the remaining balance of ₹206.25 (post-split ₹82.50) within 18 months. This development highlights enhanced equity resources for the company, potentially positioning it for growth and increased operational capacity. Investors should monitor the remaining warrants closely, as their conversion could further impact capital structure and funding for future initiatives.