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New Update
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Allied Blenders and Distillers Ltd.
Allied Blenders and Distillers Ltd announced that its board will consider a proposal to raise funds through various instruments at its upcoming meeting on May 15.
The proposed fundraising could include the issuance of equity shares, convertible securities, debentures, warrants, or a qualified institutional placement (QIP), among other options permitted under applicable laws.
In a stock exchange filing, the company also stated that the board will review the audited financial results for the year ended 31 March 2025 and may recommend a dividend. The fundraising, if approved, will be subject to necessary shareholder and regulatory approvals.
