Som Distilleries & Breweries Limited — Important, 27-12-2024: General Updates

On December 27, 2024, Som Distilleries and Breweries Limited completed the allotment of 1,515,150 equity shares valued at ₹2 each following the conversion of convertible equity warrants by promoters Mr. Jagdish Kumar Arora and Mr. Deepak Arora. The aggregate amount received for this conversion totaled approximately ₹9.99 crore and ₹2.50 crore respectively. Currently, 3,453,032 warrants remain pending for conversion, and warrant holders have 18 months to convert them at an exercise price of ₹206.25 per warrant. With this latest conversion, the company's issued and paid-up equity share capital has increased to approximately ₹39.60 crore, consisting of 198,018,732 equity shares. This development indicates substantial financial activity and investor participation, suggesting a potentially positive outlook for the company's capital structure.