Shares of Allied Blenders and Distillers Ltd surged 4.09% to ₹366.50 in Monday’s trade, hitting an intraday high of ₹366.60 on the NSE. The rally comes ahead of a key board meeting scheduled for Thursday, May 15, 2025.
The board is set to consider fundraising through multiple routes, including equity shares, convertible securities, warrants, and debentures. The capital may be raised via public issues, rights issues, preferential allotments, private placements, or qualified institutional placements (QIPs), in one or more tranches.
Additionally, the company will announce its audited financial results for the fiscal year ended March 31, 2025.
Allied Blenders and Distillers, India’s third-largest spirits company, is known for popular brands such as Officer’s Choice Whisky and Sterling Reserve. The company reported a strong performance in Q3 FY25, posting a consolidated net profit of ₹57.47 crore compared to a net loss of ₹4.42 crore in the same period last year. Net sales grew 8.8% year-on-year to ₹973.94 crore.
Investors are optimistic about the upcoming board announcements, driving the stock’s positive momentum. The company currently commands a market capitalization of ₹102.35 billion.
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