Associated Alcohols & Breweries Limited has received approval from the National Company Law Tribunal (NCLT) for the acquisition of SDF Industries Limited through the insolvency resolution process, as it looks to strengthen its manufacturing footprint in Kerala.
In a regulatory filing to the exchanges, the Indore-based liquor maker said the resolution plan for SDF Industries Limited has been approved by the National Company Law Tribunal, Kochi Bench, under the Insolvency and Bankruptcy Code. The total consideration for the acquisition is ₹30.85 crore, and the transaction is expected to be completed within 30 days of the NCLT order.
Read More: Associated Alcohols & Breweries gets NCLT nod for SDF Industries resolution plan
SDF Industries operates a distillery-cum-IMFL manufacturing unit in Thrissur, Kerala, with a licensed distillery capacity of 75 lakh litres per annum of potable alcohol and an IMFL bottling capacity of 3.6 million cases annually.
Upon completion, SDF Industries will become a wholly owned subsidiary of Associated Alcohols & Breweries Limited with 100% shareholding and control, the company said.
The acquisition does not fall under related-party transactions, and the consideration will be paid in cash, as per the resolution plan approved by the tribunal.
Associated Alcohols said the deal aligns with its strategy to own and operate manufacturing facilities in Kerala, where it already has a strong presence through contract-based production of its IMFL brands.
“The proposed acquisition is expected to enhance sustainable operations, improve cost efficiency through ownership of manufacturing capabilities, and support the company’s long-term growth objectives,” the company said in the filing.
The disclosure was made to both BSE Limited and the National Stock Exchange of India Limited in accordance with SEBI’s disclosure requirements.
