Som Distilleries & Breweries Limited — Important, 03-12-2024: General Updates

The Fund Raising Committee of Som Distilleries and Breweries Limited has approved the allotment of 1,515,150 equity shares at a post-split face value of Rs. 2 each following the conversion of warrants. The company received Rs. 9.99 crore from promoter Jagdish Kumar Arora and Rs. 2.5 crore from promoter Deepak Arora as the warrant exercise price. This conversion reduces the outstanding warrants to 4,059,092. Consequently, the company's issued equity share capital has risen to Rs. 39.30 crore, comprising 196,503,582 equity shares. Investors should consider the implications of this capital raise, as it may enhance the company's liquidity and market position.