Som Distilleries and Breweries will announce their FY26 financial results on May 30th. Trading activity for this company has been restricted according to SEBI guidelines from April 1st to June 2nd, 2026.
Som Distilleries & Breweries Limited
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ICRA has lowered the rating of Som Distilleries' subsidiaries from BBB to BBB-, primarily because of a short-term lack of support from the parent company's financial backing. Despite this downgrade, the underlying financial health of the subsidiaries remains steady.
United Spirits shares dropped by 1.47%, with the current stock price standing at Rs 1,247.5 as of May 12th, 2026 at 3:54 PM IST.
Som Distilleries has experienced a credit rating downgrade from 'A' to 'BBB' by Infomerics, indicating potential financial concerns. The subsidiary, Woodpecker, also faced a similar downgrade in both long- and short-term ratings.
Som Distilleries faces operational challenges after the Excise Department suspends their license, leading to a downgrade in Infomerics Ratings.