Stock Report

Som Distilleries and Breweries Ltd approves allotment of 12,77,777 shares

Posted On : 2022-12-09 20:32:03( TIMEZONE : IST )

Som Distilleries and Breweries Ltd approves allotment of 12,77,777 shares

The Board of directors of Som Distilleries and Breweries Ltd have approved allotment of 12,77,777 equity shares of ₹5/- each of the Company, fully paid-up, pursuant to the conversion of preferential warrants into equity, to the following Non-Promoter entities / Allottees:

(i) M/s Lakeside Retail Private Limited - 5,00,000 equity shares
(ii) M/s Icy Blast Retails Private Limited - 5,00,000 equity shares and
(iii) M/s Newport Retails LLP - 2,77,777 equity shares

Pursuant to a special resolution passed by the members of the Company under Section 62 of Companies Act, 2013 on August 19, 2022, and in-principle approvals received from Stock Exchanges (BSE and NSE) on August 10, 2022, the Company allotted 37,77,777 warrants to 5 allottees (2 Promoters allottees and 3 NonPromoters allottees) on September 2, 2022. 25% of the allotment price has been paid by the allottees into the Bank account of the Company at the time of subscription and by December 9, 2022, the aforesaid 3 Non-Promoter allottee have paid the balance of 75% of the allotment price for 12,77,777 warrants out of 37,77,777 warrants. (The allotment 25,00,000 equity shares have been already made to 2 Promoters Allottees on November 18, 2022 with due compliance.

With this allotment full 37,77,777 warrants out of 37,77,777 warrants allotted to 5 allottees have now been converted into equity shares.

Shares of Som Distilleries & Breweries Limited was last trading in BSE at Rs. 141.25 as compared to the previous close of Rs. 141.40. The total number of shares traded during the day was 65178 in over 1390 trades.

The stock hit an intraday high of Rs. 142.05 and intraday low of 138.95. The net turnover during the day was Rs. 9172567.00.

Source : Equity Bulls


SomDistilleriesandBreweries INE480C01020 SDBL SharesAllotment WarrantsConversion