Monika Alcobev Ltd — Important, 08-08-2026: Company Update

Monika Alcobev Limited has addressed recent media speculation that tequila giant Proximo is making a direct push into India, potentially ending their distribution partnership. The company clarified that its existing distribution arrangement with the Proximo Group, in place since 2018 for brands like José Cuervo and Kraken, remains valid and in force. Monika Alcobev has not received any formal communication indicating a cessation of this agreement. Any market inference suggesting an end to their distribution is factually incorrect. The company stated it would take necessary steps to protect its interests and would update the market on any material developments.