Som Distilleries Announces 33rd AGM on Sep 29, 2026; to Approve Warrants for Promoters
Som Distilleries will hold its 33rd AGM on September 29, 2026, to approve financial statements and reappoint a director. A key agenda item is the preferential issuance of up to 32,12,955 convertible warrants to promoter Deepak Arora for ₹25.00 crore. E-voting is available from September 26-28, 2026.
The preferential issuance of warrants to promoters for a significant amount can impact the company's capital structure and potential dilution for existing shareholders. The AGM proceedings themselves are routine but necessary for corporate governance.
The announcement is a standard corporate communication regarding an AGM and a preferential issue of warrants to promoters. While the warrant issuance is a material event, it is a planned corporate action and does not inherently indicate positive or negative performance.
Som Distilleries & Breweries Limited has announced its 33rd Annual General Meeting (AGM) will be held on Tuesday, September 29, 2026, at 1:00 p.m. through video conferencing (VC/OAVM). The meeting will focus on transacting ordinary business, including the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, and the reappointment of Mr. Rajat Batra as a director.
A significant item on the agenda under special business is the approval for the issue of up to 32,12,955 convertible equity warrants to promoter Mr. Deepak Arora on a preferential basis. The warrants are proposed to be issued at ₹77.81 each, aggregating up to ₹25,00,00,028.55, and are convertible into equity shares within 18 months from the allotment date. The relevant date for determining the conversion price is August 28, 2026.
The company has also detailed the procedures for e-voting, virtual meeting participation, and the dispatch of the Annual Report for the financial year 2025-26. The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 29, 2026, inclusive, for the AGM. Remote e-voting will be open from September 26, 2026, to September 28, 2026.
A plain-language summary of a public exchange filing by Som Distilleries & Breweries Limited. Read the original for the full detail.
