SDBL

Feb 28 (Reuters) - Som Distilleries and Breweries Ltd SDB.NS:

• APPROVED RAISING OF FUNDS THROUGH ISSUE OF EQUITY SHARES

• APPROVES ISSUE OF 2 MLN SHARES AT 112 RUPEES EACH

Further company coverage: SDB.NS

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Nov 14 (Reuters) - Som Distilleries and Breweries Ltd SDB.NS:

• SOM DISTILLERIES AND BREWERIES SEPT-QUARTER CONSOL PROFIT 187 MILLION RUPEES

• SOM DISTILLERIES AND BREWERIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.73 BILLION RUPEES

Further company coverage: SDB.NS

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July 26 (Reuters) - Som Distilleries and Breweries Ltd SDB.NS:

• SOM DISTILLERIES AND BREWERIES - PROPOSED CAPACITY ADDITION OF 4 MILLION CASES IN UNIT

Source text for Eikon: [ID:]

Further company coverage: SDB.NS

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By Jatindra Dash and Arpan Chaturvedi

NEW DELHI, July 2 (Reuters) - An Indian state government's inspection of a Som Group distillery said child labourers, some aged between 13 and 17, were made to fill and pack liquor bottles and worked long hours.

Police are investigating the use of child labour at the distillery in Madhya Pradesh state after the federal government's National Commission for Protection of Child Rights said last month it had found 58 children working illegally at the factory.

The commission released photos of some with hands showing chemical burns and said some children were transported in school buses for factory work.

A day after the children were found on June 15, an inspection report was drafted by the state's industrial health and safety department based on interviews with 27 workers, the youngest among them being 13 years old. The state says those aged under 21 cannot work in a liquor factory.

The report, which is not public but was seen by Reuters, says children were working 11-hour shifts starting at 8 a.m.

Som and the Madhya Pradesh government did not respond to Reuters' requests for comment.

In a submission to the state government on June 18, also seen by Reuters, Som said some children would visit the company to deliver food and medicines to their parents, and no worker was younger than 21.

Som is one of the smaller distilleries in India's thriving alcohol industry, where both foreign and domestic players operate. Its website describes it as an "internationally acclaimed brand" available in more than 20 markets including the United States, New Zealand and the United Kingdom.

The incident has drawn attention to child labour in Indian supply chains. In 2021, Reuters reported an external audit of two Carlsberg warehouses found underage labourers at a location in the eastern state of Jharkhand. Carlsberg at the time said it had terminated the services of the third-party provider.

In the Som inspection report, the state government said the children working there were not given training on how they could protect themselves from harmful chemicals.

"Since it is hazardous work, there should have been a health centre at the factory," the report said.

The Madhya Pradesh government temporarily suspended the Som distillery's manufacturing licences, but the company has challenged the decision, saying there has been no conclusive finding of wrongdoing.

After Som's challenge, a local court put the state's decision on hold and said it would next hear the case later this month.

In a statement to the stock exchange last month, Som Distilleries and Breweries Ltd SDB.NS said the Madhya Pradesh plant was run by its "associate private limited company" and used labour supplied by contractors who may not have carried out proper age checks. The listed company's shares have fallen by 8% since the children were found at the factory.

(Reporting by Jatinda Dash and Arpan Chaturvedi; Editing by Aditya Kalra and Jamie Freed)

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By Jatindra Dash and Arpan Chaturvedi

BHUBANESWAR, June 27 (Reuters) - Indian liquor company Som Group has asked a state court to quash a government decision to temporarily suspend manufacturing licenses of one of its distilleries where a federal agency found 59 children working illegally, a court filing showed.

Police, who have been investigating the Som distillery in Raisen district in the central state of Madhya Pradesh, locked its premises after the National Commission for Protection of Child Rights this month found 39 boys and 20 girls working at the factory.

The agency also released photos of children's hands it said showed burns due to contact with chemicals, and said some of the children were transported to the factory in school buses.

In a 169-page court filing in the High Court of Madhya Pradesh, Som argued the licenses were wrongly suspended as the investigation into the allegations of child labour were still ongoing.

"There is no conclusion to the effect as to whether in reality any child was employed or not," Som Distilleries Pvt Ltd said in a court filing, which is not public but was reviewed by Reuters.

Som did not respond to a request for comment, and neither did the Madhya Pradesh state government. The case was heard on Thursday but no order was passed.

In the previous statement, Som Distilleries and Breweries Ltd SDB.NS said the issue was related to a plant run by its associate company, which used labour supplied by contractors who may not have carried out proper age checks.

The firm's stock has fallen 9.3% since the human rights agency visited the distillery on June 15.

(Reporting by Jatindra Dash in Bhubaneswar, Arpan Chaturvedi and Tanvi Mehta; Editing by Aditya Kalra and Paul Simao)

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** Shares of India's Som Distilleries and Breweries SDB.NS off ~1% on the day and have tumbled 10.4% so far this week

** Stock set for their worst week since late Dec 2022

** A report that Som employed child labour at a distillery sparked police probe and authority threat to impound plant

** Beer and spirits maker SDB says plant is run by associate pvt firm; adds no govt dept has taken action on the company

** Rampur single malt maker Radico Khaitan's RADC.NS nearly 5% jump this week is the most among Som's rivals

** Kingfisher beer maker United Breweries UBBW.NS has fallen 1.2% this week

** Johnnie Walker whiskey maker United Spirits UNSP.NS is little unchanged

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of liquor firm Som Distilleries Breweries Ltd SDB.NS fall as much as 8.6% to 105.90 rupees

** At current levels, SBD down 8% since allegations of contractor employing children were first reported on Monday

** Indian authorities said on Wednesday they would impound distillery belonging to associate co, suspend manufacturing license of plant in Madhya Pradhesh state after agency found children working at site illegally

** Som on Wednesday said no action taken by any government department on co

** Rivals United Spirits UNSP.NS down 0.5% on the day, Piccadily Agro PICA.BO and Radico Khaitan RADC.NS up 0.4% each

** Som's sessions' losses trim YTD gains to 0.8%

(Reporting by Nandan Mandayam in Bengaluru)

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Recasts with suspension of licences, police action

By Arpan Chaturvedi and Tanvi Mehta

NEW DELHI, June 19 (Reuters) - Indian authorities said on Wednesday they were impounding a Som Group distillery and temporarily suspending the plant's manufacturing licences after the federal child rights agency found 59 children working at the site illegally.

Police launched an investigation into Som after the National Commission for Protection of Child Rights (NCPCR) last week found 39 boys and 20 girls working at the factory. The agency also released photos of children's hands it said showed burns due to contact with chemicals.

"We have sent the police force to ensure there are no issues during the sealing process," Vikas Kumar Shahwal, a senior Madhya Pradesh police official, told Reuters.

The state government said in a separate order it was temporarily suspending the plant's manufacturing licences and had asked the labour department to investigate the matter.

Som did not respond to a request for comment.

In a statement to the stock exchange earlier this week, Som Distilleries and Breweries Ltd SDB.NS said the issue was related to a plant run by its "associate private limited company" which used labour supplied by contractors, who may not have carried out proper age checks.

Their services have been terminated, Som said, adding it was cooperating with the authorities. The company's shares have fallen 7% this week.

Some of the children found working at the distillery were transported to the factory in school buses, NCPCR Chief Priyank Kanoongo told Reuters on Wednesday.

"They were enrolled in a school and would come in school buses. So people thought they were going to the school, but they worked in the liquor factory," Kanoongo said.

Som is one of the smaller distilleries in India's thriving alcohol industry, where both foreign and domestic players operate. Its website describes it as an "internationally acclaimed brand" available in over 20 markets including the United States, New Zealand and the United Kingdom.

Child labour is a concern in India. In 2021, Reuters reported that an external audit of two Carlsberg warehouses had found underage labourers at a location in the eastern Indian state of Jharkhand.

Carlsberg at the time said "the third-party provider was terminated immediately in 2018 following the findings in the internal report."

(Reporting by Arpan Chaturvedi; Additional reproting Jatindra Dash and Indranil Sarkar; Editing by Aditya Kalra, Miral Fahmy and Mark Potter)

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** India's Som Distillaries SDB.NS tumbles 15% to 105 rupees, lowest since March 28

** Stock posts biggest intraday pct fall since Nov 2018

** Indian police launches investigation after government's child rights agency found children working at a distillery

** Co says its associate that ran the plant used labour supplied by contractors who may not have carried out proper age verification

** Stock last down 12.3%, erasing YTD gains and is now down 4.6% so far this year

(Reporting by Sethuraman NR in Bengaluru)

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June 17 (Reuters) - Som Distilleries and Breweries Ltd SDB.NS:

• SOM DISTILLERIES BREWERIES & WINERIES LTD - RESPONSE TO MEDIA REPORTS CONCERNING CHILD LABOUR ISSUES

• SOM DISTILLERIES BREWERIES & WINERIES LTD - WANTED TO CLARIFY THAT LABOUR FOR ASSOCIATE COMPANY IS SUPPLIED BY CONTRACTORS

• SOM DISTILLERIES BREWERIES & WINERIES LTD - IT MAY BE FAULT OF CONTRACTORS WHO MAY NOT HAVE GOT PROPER AGE VERIFICATION DONE OF WORKERS

• SOM DISTILLERIES BREWERIES & WINERIES - CONCERNS ARE NOT RELATED TO SOM DISTILLERIES AND BREWERIES BUT RELATE TO OUR ASSOCIATE PRIVATE LIMITED COMPANY

• SOM DISTILLERIES BREWERIES & WINERIES LTD - COMPANY HAS EXTENDED FULL COOPERATION TO AUTHORITIES REGARDING ISSUE

• SOM DISTILLERIES BREWERIES & WINERIES LTD - TERMINATED SERVICES OF VENDOR THROUGH DIRECTORS OF THAT COMPANY

Source text for Eikon: ID:nBSE9YyBHL

Further company coverage: SDB.NS

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** Shares of IFB Agro Industries IFBA.NS down 2.8% at 428 rupees

** Alcohol maker swings to Q4 loss from year-ago profit

** Rival Som Distilleries SDB.NS posted higher Q4 profit

** IFBA down ~13% YTD after two straight yearly declines

** SDB up ~12% YTD after three straight yearly gains

(Reporting by Varun Vyas in Bengaluru)

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May 27 (Reuters) - Som Distilleries and Breweries Ltd SDB.NS:

• RECEIVED OFFICIAL PERMISSION FROM STATE OF TELANGANA TO SUPPLY BEER BRANDS

Source text for Eikon: ID:nBSE3sF9RJ

Further company coverage: SDB.NS

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April 25 (Reuters) - Som Distilleries and Breweries Ltd SDB.NS:

• MARCH-QUARTER CONSOL PROFIT 199.9 MILLION RUPEES VERSUS PROFIT 158.7 MILLION RUPEES

• MARCH-QUARTER CONSOL TOTAL INCOME 7.42 BILLION RUPEES VERSUS 4.83 BILLION RUPEES

Further company coverage: SDB.NS

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** Shares of Som Distilleries And Breweries SDB.NS rise as much as 4.3% to 311 rupees; last up 3.3%

** Liquor maker says it has commissioned new wraparound packaging equipment at its Bhopal canning facility

** New equipment streamlines production processes and expected to raise operational efficiency by about 25%, co adds

** Stock is up 8% YTD, outperforming peers United Spirits UNSP.NS and United Breweries UBBW.NS, which have gained between 3.1%-3.9%

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of Som Distilleries and Breweries SDB.NS rise as much as 4.5% to 321 rupees, highest since November 7, 2023

** SDB marks sharpest intraday pct climb since August 31, 2023

** The brewer said it started commercial production with an increased capacity at its plant in Karnataka state on April 8

** Plant's capacity now stands at 140 lakh cases of beer per annum from 90 lakhs earlier

** More than 1 mln shares change hands, ~2x the 30-day avg

** Stock last up 2.8%; fell in six months through March

(Reporting by Anisha Ajith in Bengaluru)

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** Shares of Som Distilleries And Breweries SDB.NS up 4.4% to 293.5 rupees

** Liquor maker approves sub-division of shares for each share into equivalent number of shares

** SDB on track for second straight session of gains; had lost 4.1% in March for sixth consecutive month of losses

** Busiest session for the stock since March 14 when it had announced stock split proposal

** More than 1.3 mln shares change hands, nearly three times the 30-day avg

** Stock up 3.2% YTD, had more than doubled in 2023 for third straight year of gains

(Reporting by Dimpal Gulwani in Bengaluru)

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March 26 (Reuters) - Som Distilleries and Breweries Ltd SDB.NS:

• WOODPECKER DISTILLERIES ANNOUNCE EXPANSION PROJECT AT HASSAN HAS BEEN FAST-TRACKED

• COMMENCING TRIAL RUNS OF EXPANSION PROJECT ON 30TH MARCH 2024

Source text for Eikon: ID:nBSE592ygl

Further company coverage: SDB.NS

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** India's alcoholic beverages industry is set for margin improvement, revenue growth in FY2025, ICRA says

** Projects rev growth of 8-10% for domestic alcohol cos, 11-13% growth for Indian made foreign liquor cos on customer preference for premium products

** ICRA expects beer to witness good season in Q1 anticipating a hot summer

** Says margin growth to be driven by moderation in input costs and packaging materials such as glass bottles

** Shares of United Spirits UNSP.NS fall 1.5%, United Breweries UBBW.NS down 3.1% and Tilaknagar Industries TILK.NS down 0.4%, while those of Radico Khaitan RADC.NS rise 2.6%, G M Breweries up 0.5% and Som Distilleries SDB.NS edge 0.1% higher

(Reporting by Sethuraman NR)

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** Shares of Som Distilleries and Breweries SDB.NS up 9.2% at 240 rupees

** Stock set to snap three consecutive days of fall if trend holds

** Liquor maker says it will consider sub-division or split of shares

** SDB fell 8.4% on Wednesday amid profit booking in broader markets, shed 16% in previous three sessions

** Stock down 12% so far in March, set for sixth straight monthly fall

(Reporting by Ashna Teresa Britto in Bengaluru)

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March 13 (Reuters) - Som Distilleries and Breweries Ltd SDB.NS:

• TO CONSIDER SUB-DIVISION/ SPLIT OF EXISTING EQUITY SHARES OF CO

Source text for Eikon: ID:nBSE8X1w9D

Further company coverage: SDB.NS

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Jan 17 (Reuters) - SOM Distilleries Breweries & Wineries Ltd SDB.NS:

• INDIA'S SOM DISTILLERIES BREWERIES & WINERIES DEC-QUARTER CONSOL PROFIT 179.9 MILLION RUPEES VERSUS PROFIT 105.2 MILLION RUPEES

• SOM DISTILLERIES BREWERIES & WINERIES LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.01 BILLION RUPEES VERSUS 3.05 BILLION RUPEES

• SOM DISTILLERIES BREWERIES & WINERIES LTD - APPROVED RAISING OF FUNDS UP TO 3.50 BILLION RUPEES

Source text for Eikon: ID:nBSEVZNSH

Further company coverage: SDB.NS

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Jan 12 (Reuters) - SOM Distilleries Breweries & Wineries Ltd SDB.NS:

• TO CONSIDER PROPOSAL TO RAISE FUNDS

Source text for Eikon: ID:nBSE2QDwC4

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Dec 4 (Reuters) - SOM Distilleries Breweries & Wineries Ltd SDB.NS:

• RECEIVED OFFICIAL APPROVAL FROM KARNATAKA EXCISE DEPARTMENT FOR SUPPLY OF OUR PREMIUM BEER BRANDS

• APPROVAL TO INTRODUCE CO'S BEER BRANDS IN TAMIL NADU MARKET

Source text for Eikon: ID:nBSE5z3C5K

Further company coverage: SDB.NS

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** Shares of SOM Distilleries Breweries & Wineries SDB.NS rise 1.8% to 300.2 rupees

** Alcoholic beverages maker says it got permissions from the excise department to expand beer capacity at Hassan plant in Karnataka state

** Stock up ~152% YTD

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of SOM Distilleries Breweries & Wineries SDB.NS rise as much as 3.64% to 307.5 rupees, its highest level since Nov. 7

** Alcoholic beverages maker announced market share of 45% in overall beer industry in its key Madhya Pradesh market for October 2023

** SOM said in September it has highest market share for beer in Madhya Pradesh

** Stock last up 2.6%, extending YTD gains to 155.3%

(Reporting by Aleef Jahan in Bengaluru)

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Nov 10 (Reuters) - SOM Distilleries Breweries & Wineries Ltd SDB.NS:

• SOM DISTILLERIES BREWERIES & WINERIES LTD - INCOME TAX DEPARTMENT CONDUCTING SEARCH AT PREMISES RELATED TO CO, SINCE NOVEMBER 7, 2023

• SOM DISTILLERIES BREWERIES & WINERIES LTD - ENTIRE IT ASSETS OF ALL SENIOR OFFICIALS UNDER CONTROL OF IT DEPARTMENT

Source text for Eikon: ID:nBSE95Cjxj

Further company coverage: SDB.NS

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Nov 9 (Reuters) - SOM Distilleries Breweries & Wineries Ltd SDB.NS:

• SEARCH & SEIZURE OPERATION BY INCOME TAX DEPARTMENT AT CO’S CORPORATE OFFICE, FACTORIES CONDUCTED SINCE NOV 7

• BUSINESS OPERATIONS OF CO CONTINUE AS USUAL, NOT BEEN IMPACTED DUE TO SEARCH

Source text for Eikon: ID:nNSE1pZtPR

Further company coverage: SDB.NS

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** Shares of SOM Distilleries Breweries & Wineries SDB.NS rise as much as 3.91% to 355 rupees apiece

** Rise after the alcoholic beverages maker signed a strategic contract manufacturing agreement in Jammu and Kashmir to make Indian-made Foreign Liquor (IMFL)

** Deal to lead to shorter turnaround time for supply of products to northern India and border regions - SDB

** Including today's gains, SDB up 198% in 2023 so far

(Reporting by Bharath Rajeswaran in Bengaluru)

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Oct 16 (Reuters) - SOM Distilleries Breweries & Wineries Ltd SDB.NS:

• STRATEGIC CONTRACT MANUFACTURING AGREEMENT IN JAMMU AND KASHMIR FOR MANUFACTURE OF IMFL

Source text for Eikon: ID:nBSE5hRh8h

Further company coverage: SDB.NS

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Oct 13 (Reuters) - SOM Distilleries Breweries & Wineries Ltd SDB.NS:

• SEPT-QUARTER CONSOL PROFIT 148.5 MILLION RUPEES VERSUS 82.5 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.66 BILLION RUPEES VERSUS 2.68 BILLION RUPEES

Source text for Eikon: ID:nBSE5CCh5F

Further company coverage: SDB.NS

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