Associated Alcohols & Breweries Secures SL-1 License, Stock Rises 2.51%

Indore, October 8, 2025: The shares of Associated Alcohols & Breweries Ltd (BSE: 507526, NSE: ASALCBR) rose 2.51% in Wednesday afternoon trade following the company’s announcement of receiving an SL-1 license from the Excise Department. This license allows the company to commence malt spirit manufacturing, processing, and maturation at its new facility in Barwaha, Madhya Pradesh, marking a significant step in expanding its production capabilities.

By 2:00 pm IST, the share price of Associated Alcohols & Breweries Ltd was ₹1,003.90, up ₹24.55 (2.51%) from the previous close. The stock opened at ₹999.00, reached a high of ₹1,035.00, and touched a low of ₹985.00. With a market capitalization of ₹1,910 Cr, a P/E ratio of 21.76, and a dividend yield of 0.20%, the stock remains below its 52-week high of ₹1,496.00 and above its low of ₹815.00. Quarterly dividend stands at ₹0.50.

Associated Alcohols & Breweries Ltd, incorporated in 1989, is one of the largest distilleries in Madhya Pradesh, engaged in the manufacture of rectified spirit, extra-neutral alcohol, and IMFL brands. The company is listed on both BSE and NSE, categorized under the BSE SmallCap index. It has diversified its business into both bottling and own-brand manufacturing, with a growing presence in branded liquor and contract bottling operations.

Strategic Update

The company, through a regulatory filing, informed the stock exchanges and stakeholders that it has procured an SL-1 license for malt spirit operations for the MP-based factory. This is a regulatory milestone for the company as it marks a formal entry in the malt-based premium liquor segment. Hence, the company will be able to expand its product portfolio beyond the existing IMFL (Indian Made Foreign Liquor) range.

The Barwaha plant, located in the Khargone district of Madhya Pradesh, has now commenced manufacturing, processing, and maturation of malt spirits following the license approval.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/f40dab7d-5b72-454a-ac2f-fe6596fafba1.pdf

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