Integrated Filing — IndAS



General information about company

Scrip Code 507526
NSE Symbol ASALCBR
MSEI Symbol NOTLISTED
ISIN INE073G01016
Name of company ASSOCIATED ALCOHOLS & BREWERIES LTD.
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 04-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 28-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 04-02-2026   13:00:00
End date and time of board meeting 04-02-2026   16:05:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 26,454.39 79,167.85
Other income 182.13 467.59
Total income 26,636.52 79,635.44
2 Expenses
(a) Cost of materials consumed 16,414.26 46,970.81
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (2,287.75) (399.54)
(d) Employee benefit expense 1,636.78 4,239.49
(e) Finance costs 104.20 355.78
(f) Depreciation, depletion and amortisation expense 664.78 1,791.30
(f) Other Expenses
1 Excise duty on sale of goods 416.48 1,077.50
2 Power and Fuel 1,662.08 5,082.69
3 Other expenses 4,462.32 11,933.48
Total other expenses 6,540.88 18,093.67
Total expenses 23,073.15 71,051.51
3 Total profit before exceptional items and tax 3,563.37 8,583.93
4 Exceptional items 0.00 0.00
5 Total profit before tax 3,563.37 8,583.93
6 Tax expense
7 Current tax 564.72 1,591.40
8 Deferred tax 269.07 497.48
9 Total tax expenses 833.79 2,088.88
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 2,729.58 6,495.05
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 2,729.58 6,495.05
17 Other comprehensive income net of taxes 15.40 16.46
18 Total Comprehensive Income for the period 2,744.98 6,511.51
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1,897.92 1,897.92
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 14.38 35.17
Diluted earnings (loss) per share from continuing operations 14.06 33.84
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 14.38 35.17
Diluted earnings (loss) per share from discontinued operations 14.06 33.84
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 28.76 70.34
Diluted earnings (loss) per share from continuing and discontinued operations 28.12 67.68
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The consolidated financial results, which have been prepared in accordance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular dated 5 July 2016, have been reviewed by the Audit Committee in their meeting dated 04-Feb-2026 and approved by the Board of Directors at their meeting held on 04-Feb-2026. The consolidated finacial results have been subjected to limited review by the Statutory Auditors. 2. This consolidated financial results have been prepared in accordance with the Indian Accounting Standards (IND AS) notified under the Companies (Indian Accounting Standards) Rules, 2015, as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016. 3. The consolidated financial results includes results of Associated Alcohols & Breweries Limited (Company or Parent Company) and Associated Alcohols & Breweries (Awadh) Limited (“wholly owned subsidiary”). 4. As reported earlier, the office of the Director General (DG) of the Competition Commission of India (CCI) conducted a search on 27 October 2021 at the Company’s registered office to examine the process of supply and sale of the Company’s Indian Made Indian Liquor (“IMIL”) products. On receipt of order from the CCI based on the investigation report of the DG alleging cartelisation in the supply of IMIL products, the company had earlier challenged the jurisdiction of the CCI on the aforesaid order before the Hon’ble Delhi High Court and based on the direction of the court, took the matter subsequently with CCI . The company has received order dated 20 March 2024 in which CCI has referred back the investigation report to DG for further investigation. The CCI has also instructed the DG to facilitate Company with a copy of the statement recorded and cross-examining the persons who had alleged the cartelisation as mentioned in the investigation report. Thereafter, the company has filed a writ before Hon’ble Madhya Pradesh High Court on the grounds of CCI's jurisdiction and challenging incidental action in the matter . The matter is seized with Hon’ble High Court and the court has directed CCI not to take any coercive action until the matter is pending before the Hon’ble High Court. 5. On September 4, 2025 the Company converted the 9,00,000 shares warrants allotted on March 28, 2024 into equity shares after the receipt of balance 75% allotment monies amounting to Rs. 32.74 crores. The funds raised from these warrants are designated for providing loans or making investments in the wholly-owned subsidiary, Associated Alcohols and Breweries (Awadh) Limited, to establish a bottling cum distillery unit in Uttar Pradesh. As of 31-Dec- 2025, the funds received against the share warrants have been kept in liquid fund earmarked for the aforementioned purpose with a scheduled commercial bank. 6. On 7 October 2024, the Company has allotted 11,00,000 share warrants, each convertible into one equity share, on a preferential basis at an issue price of INR 679.00 each, upon receipt of 25% of the issue price (i.e. INR 169.75 per warrant) as warrant subscription money. Balance 75% of the issue price (i.e. INR 509.25 per warrant) shall be payable within 18 months from the allotment date, at the time of exercising the option to apply for fully paid–up equity share of INR 10 each of the Company, against each share warrant. As of 31-Dec- 2025, the received fund INR 1,868.25 lakhs (i.e. INR 169.75 per warrant) have been utilized for their intended purpose, i.e., the establishment of the Malt Plant. 7. On November 21, 2025, the Government of India notified the four Labour Codes – the code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 – consolidating 29 existing labour laws. The Ministry of Labour & Employment published drafts Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed the implications of these Labour codes on its employee benefit obligations. Based on an actuarial valuation in accordance with Ind AS 19 – Employee Benefits, the Company has recognised an incremental liability of Rs. 195.47 Lakhs in respect of its own employees as at December 31, 2025. The Company is currently assessing the impact of the new Labour codes on other aspects, including the contract workforce and other employee-related obligations. However, management is of the view that impact, if any, is unlikely to be material. Pending finalisation of definitive guidance from regulators and enactment of Central/ State Rules, the Company will monitor developments closely and provide further disclosures and accounting adjustments as required under applicable Ind AS and other regulatory requirements.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Potable Alcohols Divison 20,439.38 58,539.25
2 Ethanol Division 6,808.45 22,830.63
Total Segment Revenue 27,247.83 81,369.88
Less: Inter segment revenue 793.44 2,202.03
Revenue from operations 26,454.39 79,167.85
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Potable Alcohols Divison 3,598.24 8,774.60
2 Ethanol Division 177.10 441.83
Total Profit before tax 3,775.34 9,216.43
i. Finance cost 104.20 355.78
ii. Other Unallocable Expenditure net off Unallocable income 107.77 276.72
Profit before tax 3,563.37 8,583.93
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Potable Alcohols Divison 36,711.08 36,711.08
2 Ethanol Division 28,251.78 28,251.78
Total Segment Asset 64,962.86 64,962.86
Un-allocable Assets 17,533.22 17,533.22
Net Segment Asset 82,496.08 82,496.08
4 Segment Liabilities
Segment Liabilities
1 Potable Alcohols Divison 8,259.60 8,259.60
2 Ethanol Division 3,505.02 3,505.02
Total Segment Liabilities 11,764.62 11,764.62
Un-allocable Liabilities 9,283.01 9,283.01
Net Segment Liabilities 21,047.63 21,047.63
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of defined benefir plan 20.57 21.99
Total Amount of items that will not be reclassified to profit and loss 20.57 21.99
2 Income tax relating to items that will not be reclassified to profit or loss 5.17 5.53
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 15.40 16.46