Allied Blenders and Distillers Ltd (ABDL) will hold a board meeting on 15 May 2025. The main agenda includes planning to raise funds. The board will also review the company's audited financial results for the financial year ending 31 March 2025 and may discuss a possible dividend.
The fundraising could happen through various routes- public issue, rights issue, preferential allotment, private placements or QIP (Qualified Institutional Placement). ABDL may issue equity shares, debentures (convertible or non-convertible), warrants or preference shares, depending on what gets board and regulatory approval.
Founded in 2008 and based in Mumbai, ABDL is India’s third-largest spirits company. It offers a variety of alcoholic drinks like whisky, rum, vodka, gin and brandy. Some of its popular brands include Officer’s Choice and Sterling Reserve. The company operates across the full value chain and is present in over 30 countries. It continues to focus on innovation, expanding premium offerings and boosting operational scale to stay competitive in India and international markets.
In Q3 FY25, Allied Blenders posted a net profit of ₹57.47 crore, a major improvement from a loss of ₹4.42 crore in Q3 FY24. Net sales also grew by 8.8% year-on-year to ₹973.94 crore.
Read More: Allied Blenders & Distillers in Liquor Scam: Share Price Down Over 6% Amid AP SIT Probe: Report
As of May 13, 2025, at 10:20 AM, Allied Blenders and Distillers share price was trading at ₹367 per share, reflecting a surge of 4.23% from the previous day's closing price. Over the past month, the stock has surged by 18.66%. The stock's 52-week high stands at ₹444.40 per share, while its low is ₹279 per share.
The board meeting on 15 May 2025 is an important step for Allied Blenders. The company plans to raise money to grow its business and will also check how it performed over the past year. The decisions made in this meeting can help the company grow stronger in India and other countries.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: May 13, 2025, 2:10 PM IST
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