Sula Vineyards Limited has invested ₹13 crores in its wholly-owned subsidiary, Artisan Spirits Private Limited (ASPL).
This investment was made by subscribing to a rights issue of ASPL, involving 98,03,921 equity shares at ₹13.26 per share (including a premium of ₹3.26 per share).
The company had previously intimated on 8 May 2025, about a proposed investment of up to ₹15 crores in ASPL.
ASPL, incorporated on 22 September 2011, is engaged in manufacturing alcoholic beverages, brand distribution, and hospitality.
ASPL's turnover was ₹84.92 crores in FY 2024-25, ₹66.86 crores in FY 2023-24, and ₹45.68 crores in FY 2022-23.
The investment aims to improve ASPL's net worth, and the funds raised may be utilized for repayment of loans availed from the parent company.
The transaction is considered a related party transaction but was conducted at arm's length.
ASPL will continue to remain a wholly-owned subsidiary of Sula Vineyards Limited. The investment was completed on 27 June 2025.
The 22nd Annual General Meeting (AGM) of Sula Vineyards Limited was held on June 26, 2025, via video conferencing, commencing at 2:30 p.m. (IST) and concluding at 4:02 p.m. (IST).
Mr. Alok Vajpeyi, Independent Director and Chairman of the Board, chaired the meeting.
75 members attended the AGM through VC/OVAM.
The following key items were discussed and approved:
Adoption of the audited financial statements (standalone and consolidated) for the Financial Year ended March 31, 2025.
Declaration of a final dividend of ₹3.60 per equity share of ₹2 each for the financial year 2024-25.
Re-appointment of Mr. Deepak Shahdadpuri as a Director.
Appointment of Sunil Agarwal & Co. as the Secretarial Auditor and fixing their remuneration.
Members who had not cast their votes through remote e-voting were given the opportunity to vote using the e-voting platform of NSDL during the meeting.
The e-voting results and the Scrutinizer’s Report will be submitted to the Stock Exchanges and placed on the company's website.
Sula Vineyards Limited has allotted 15,600 equity shares with a face value of ₹ 2 each on 5th June 2025, to employees who exercised their vested stock options under the Employee Stock Option Scheme 2021 (ESOP 2021).
The exercise price per share is ₹ 170, including a premium of ₹ 168 per share.
The newly issued equity shares will rank equally with the existing shares of the company.
Post-allotment, the total issued shares of the company stand at 8,44,25,229, and the total issued share capital is ₹ 16,88,50,458.
Sula Vineyards Limited will hold its 22nd Annual General Meeting (AGM) on Thursday, 26 June 2025, at 2:30 p.m. (IST) through Video Conferencing/Other Audio-Visual Means.
The AGM notice and the Annual Report for FY 2024-25 have been sent electronically to members whose email addresses are registered with the company.
The notice and annual report are also available on the company's website and the websites of BSE and NSE.
The company is providing remote e-voting and e-voting during the AGM through National Securities Depository Limited's (NSDL) platform.
The cut-off date for determining members eligible for e-voting is Wednesday, 18 June 2025.
Remote e-voting will be open from Monday, 23 June 2025 (9:00 a.m.) to Wednesday, 25 June 2025 (5:00 p.m.).