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NCLT Approves Associated Alcohols' ₹30.85 Crore SDF Industries Acquisition Deal

April 22, 2026

Associated Alcohols & Breweries Limited received NCLT approval for its ₹30.85 crore acquisition of SDF Industries Limited through a resolution plan under insolvency proceedings. The deal makes SDF Industries a wholly owned subsidiary and enables the company to establish manufacturing presence in Kerala with planned bottling operations starting September 2026, representing significant geographical expansion into South India market.


Associated Alcohols & Breweries Limited has secured a significant regulatory milestone with the National Company Law Tribunal (NCLT) Kochi Bench approving its ₹30.85 crore acquisition of SDF Industries Limited. The approval transforms SDF Industries into a wholly owned subsidiary and establishes the company's manufacturing presence in Kerala with planned bottling operations by September 2026.
NCLT Approval and Deal Structure
The tribunal pronounced its order on April 16, 2026, formally approving the Resolution Plan submitted by Associated Alcohols & Breweries Limited under the Insolvency and Bankruptcy Code framework. The acquisition involves a total investment of ₹30.85 crore for complete ownership of SDF Industries Limited.
Parameter: Details Deal Value: ₹30.85 crore Order Date: April 16, 2026 Order Number: IA (IBC)(Plan)/01/KOB/2026 Case Number: CP (IBC)/21/KOB/2024 Tribunal: NCLT, Kochi Bench Target Company: SDF Industries Limited Ownership Structure: Wholly owned subsidiary
Strategic Expansion into Kerala
The acquisition represents a significant geographical expansion for Associated Alcohols & Breweries Limited, establishing its first manufacturing footprint in Kerala. The company plans to commence in-house bottling operations at the SDF Industries facility by September 2026, enhancing its production capabilities and market reach in South India.
Operational Timeline: Details Bottling Operations Start: September 2026 Facility Location: Kerala Operation Type: In-house bottling Strategic Focus: South India market expansion
Regulatory Compliance and Documentation
The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (LODR) Regulations, 2015. Associated Alcohols & Breweries Limited has indicated that additional details as required under SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2//3762/2026 dated January 30, 2026, will be submitted shortly.
Corporate Portfolio Enhancement
Associated Alcohols & Breweries Limited operates from its registered office in Indore, Madhya Pradesh, with existing manufacturing facilities in Khodigram, Tehsil Barwaha, District Khargone. The company maintains a diverse portfolio including brands such as Nicobar, Hillfort, Titanium, Jamaican Magic, and James Mc Gill. The SDF Industries acquisition strengthens its manufacturing infrastructure and provides strategic access to the Kerala market, complementing its existing operations in Madhya Pradesh.
Associated alcohols & breweries Limited has filed its quarterly compliance certificate with stock exchanges, confirming adherence to SEBI regulations for the quarter ended 31st March 2026. The certificate submission demonstrates the company's commitment to regulatory compliance and transparent corporate governance practices.
Regulatory Filing Details
The company submitted the Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 to both major stock exchanges on 3rd April 2026. The filing was made by Abhinav Mathur, Company Secretary & Compliance Officer, through official communications to BSE and NSE.
Filing Parameter: Details Quarter Ended: 31st March 2026 Filing Date: 3rd April 2026 Regulation: SEBI Regulation 74(5) Filed By: Abhinav Mathur, Company Secretary
Certificate Issuer and Compliance Confirmation
The certificate was issued by M/s. Ankit Consultancy Pvt. Ltd., which serves as the Registrar and Share Transfer Agent for Associated Alcohols & Breweries Limited. CS Saurabh Maheshwari, Compliance Officer at Ankit Consultancy, signed the confirmation certificate.
The certificate confirms several key compliance aspects:
Securities received from depository participants for dematerialization during Q4FY26 were properly confirmed to depositories
All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
Security certificates received for dematerialization were mutilated and cancelled after due verification
Depository names were substituted in the register of members as registered owners within the mandated 15-day period
Corporate Information
Associated Alcohols & Breweries Limited operates from its registered office at 4th Floor, BPK Star Tower, A.B. Road, Indore, Madhya Pradesh. The company maintains its manufacturing facility at Khodigram, Tehsil Barwaha, District Khargone in Madhya Pradesh. The company's portfolio includes multiple beverage brands such as Nicobar, Hillfort, Titanium, and Jamaican Magic.
This quarterly filing represents part of the company's ongoing regulatory obligations and demonstrates its adherence to SEBI's depositories and participants regulations framework.
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