Clarification on 9 October announcement after exchange observation on delay

Asgard Alcobev has replied to BSE on its 9 October 2026 announcement.

Sat 10 Oct 2026

SEBI circular reference date

30 January 2026

Update date and time

9 October 2026 at 08:27 PM

Exchange email date

10 October 2026

Background of the clarification

Asgard Alcobev Limited has written to BSE Limited in response to the exchange's email dated 10 October 2026, about the company's announcement dated 9 October 2026 titled "Announcement under Regulation 30 (LODR) - Press Release / Media Release".

What the exchange observed

• The details required under the SEBI circular dated 30 January 2026 were not mentioned.
• The event was not disclosed within 24 hours.

What the company said

Reason for delay

• The announcement could not be shared within the prescribed time because of a technical glitch.
• The company shared the announcement on 9 October 2026 at 08:27 PM, as soon as the issue was resolved.
• The delay was unintentional.

Nature of the announcement

• It relates to a press release issued by M/s. CMJ Breweries Private Limited, a subsidiary of the company.
• The press release was with respect to a credit rating assigned on long-term bank facilities.
• In the company's assessment under its Policy for Determination of Materiality of Events, this event is not mandatorily disclosable under Regulation 30 read with Schedule III.
• The company shared it with the exchange as a voluntary disclosure, in line with its practice of keeping shareholders and other stakeholders informed.

What the company has committed

The company said it takes the observation of the exchange seriously and will make sure that disclosures are shared within the prescribed timelines in future. It has requested the exchange to take the above on record.

How to read this

• Exchange queries on disclosure timing are often read as a governance signal, so the letter may draw attention.
• The subject of the letter is the process and timing of sharing information with the exchange, and how the company classified the event under its materiality policy.
• The event that was shared is the credit rating assigned to the long-term bank facilities of the company's subsidiary, CMJ Breweries Private Limited.

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