Shares of Som Distilleries and Breweries Limited were trading in the green and 4% higher on 8 April after the company announced commencing commercial production from its expanded capacity at its Karnataka Plant.

The company’s regulatory filing said, “After the increase, our capacity stands at 140 lakh cases of beer per annum from 90 lakh installed earlier.”

This capacity expansion will help cater to the increased demand from Karnataka and meet the requirements of neighbouring states such as Pondicherry and Kerala.

Earlier last week, the company announced its highest-ever sales in a month since entering the state a decade ago. The company did not disclose any figures but said in its filing, “achieving the highest-ever sales in a month since entering Karnataka is a remarkable feat.”

Furthermore, the company’s Board of Directors considered and approved a stock split in the ratio of 1:1, which will be subject to shareholders’ approval during the upcoming Extraordinary General Meeting (EGM) on 30 April 2024.

The company is one of the leading alcoholic beverage manufacturers in India and is engaged in the business of producing beer and also blending and bottling Indian-made foreign liquor.

The company has a strong sales and distribution network in states such as Chhattisgarh, Jharkhand, Madhya Pradesh, Andhra Pradesh, West Bengal, Karnataka, Kerala, Maharashtra, and Odisha.

At 12:15 pm, the shares of Som Distilleries were trading 3.05% higher at Rs 316.60 on NSE.