Allied Blenders and Distillers has approved additional capital contribution and financial assistance to its subsidiary, Minakshi Agro Industries LLP (MAILLP), totaling up to ₹54 Crores for setting up a bottling facility and ₹8 Crores for additional land. The company also modified its earlier approved capex plan, extending financial assistance of ₹225 Crores towards the previously approved capex of ₹240 Crores.
Investment in Bottling Facility
Allied Blenders and Distillers Limited has approved an additional capital contribution and financial assistance to Minakshi Agro Industries LLP (MAILLP), its subsidiary, up to ₹54 Crores. This investment will facilitate the establishment of a state-of-the-art bottling facility.
Additional Land Procurement
The company has also approved a capital contribution of up to ₹8 Crores in MAILLP for the procurement of additional land required for the bottling facility project.
Modification of Capex Plan
Furthermore, Allied Blenders and Distillers has modified its previously approved capital expenditure (Capex) plan. The company will extend financial assistance to MAILLP, providing ₹225 Crores towards the previously approved Capex of ₹240 Crores. The financial support will be provided through a corporate guarantee for debt raised by MAILLP.
About Minakshi Agro Industries LLP
Minakshi Agro Industries LLP (MAILLP) was incorporated on January 10, 2022, and is primarily involved in manufacturing grain spirit at its distillery in Aurangabad, Maharashtra. The turnover of MAILLP for the financial year ending March 31, 2025, was ₹1,589.64 Lakhs. On October 29, 2024, Allied Blenders and Distillers acquired 98% of the profit-sharing ratio of MAILLP.
| Financial Year | Turnover (₹) |
| FY 24-25 | 1,589.64 Lakhs |
| FY 23-24 | 1,724.15 Lakhs |
| FY 22-23 | Nil |
Source: BSE
