AABL receives NCLT approval to acquire SDF Industries

The acquisition of the distillery-cum-bottling unit located in Thrissur, Keralam, will be at a cost of ₹30.85 crore

by e4m Staff
Published: May 4, 2026 3:02 PM | 2 min read

AABL receives NCLT approval to acquire SDF Industries

Associated Alcohols & Breweries Limited (AABL) has received approval from the National Company Law Tribunal, Kochi Bench, for its resolution plan to acquire SDF Industries Ltd. for ₹30.85 crore.
The acquisition will make SDF Industries a wholly owned subsidiary of AABL and aims to bring bottling operations in-house in Keralam, enhancing production control and efficiency.
AABL, which entered the Keralam market in 2018 and ranks among the top three private players there, plans to shift its current third-party bottling operations to the newly acquired facility.
The company intends to upgrade the distillery with advanced technology and expects operations to begin by September 2026, supporting future growth and new product launches.

Associated Alcohols & Breweries Limited (AABL), a player in the alco-bev industry, has announced that the National Company Law Tribunal, Kochi Bench (NCLT), has approved its resolution plan vide its order dated April 16, 2026. The approval is for the acquisition of SDF Industries Ltd., a distillery-cum-bottling unit located in Thrissur, Keralam, at a cost of ₹30.85 crore. The acquisition will be completed in accordance with the approved resolution plan, upon which SDF Industries Ltd. will become a wholly owned subsidiary of AABL.

AABL entered the Keralam market in 2018, which has since emerged as a key growth market. Ranking among the top 3 private players in the state, AABL records sales of 1.5 lakh cases per month. With the proposed acquisition, AABL aims to bring bottling operations in-house in Keralam, enabling greater control over production, efficiency, and future growth plans.

Prasann Kedia, Managing Director – AABL, said, "We are extremely encouraged with the strong success achieved in Keralam, particularly with our White Brandy, the world’s first of its kind, which has been well accepted in Keralam and nearby states.

We aim to further solidify this position with the help of this acquisition, thereby enhancing operational control and efficiency. This acquisition will also aid in the launch of new product offerings in Keralam, nearby states, and overseas exports.

Over time, we expect operating leverage benefits to flow through, supporting improved margins and long-term value creation for all stakeholders as we continue our journey towards becoming a pan-India player.”

Brands such as Lemount White Brandy, Lemount Black Rum, Jamaican Magic Rum, Mood Maker Brandy, Mood Maker Orange Vodka, etc., which are currently bottled through third-party arrangements, will be shifted to in-house bottling in the state of Keralam. This is expected to enhance operational capabilities by improving efficiencies, ensuring consistent quality, and supporting future growth plans.

Additionally, surplus bottling capacity may be leveraged to unlock incremental revenue opportunities. Post-acquisition, AABL plans to upgrade the facility with advanced technology to align with its quality standards, with operations targeted to commence by September 2026.