Aurangabad Distillery Limited has announced plans to invest surplus funds and explore strategic acquisition opportunities within the sugar industry for efficient procurement of raw materials, for the Company’s operations and to enhance its operational capabilities, particularly in streamlining the procurement process and managing costs associated with raw material sourcing.
The decision was approved by the company’s Board of Directors in a meeting held on April 2, 2025. This move aligns with the company’s broader strategy to strengthen its supply chain, streamline costs, and improve procurement processes.
Company informed the exchange, “At this stage, no definitive agreements have been entered into, and no specific targets have been identified. We are actively evaluating various potential opportunities. As mandated by the SEBI LODR, we will ensure to provide timely disclosures on any material developments or binding agreements that may arise during this process.”
“We reassure all stakeholders that the Company will adhere to all applicable disclosure requirements and keep them informed of any significant progress or developments in this regard,” the company further added.
