India's Som Distilleries jumps as court clears Bhopal plant licence renewal
BUZZ-India's Som Distilleries jumps as court clears Bhopal plant licence renewal ** Alcoholic beverages maker Som Distilleries SDB.NS shares jump as much as 12.69% to 83.8 rupees apiece, a three-month high; SDB last up 6.3%
** Rise after Madhya Pradesh High Court quashes the June 18 order rejecting renewal of Som Distilleries' excise licences and directed renewal of all manufacturing licences within 15 days
** Ruling enables the company to resume operations at its Bhopal plant, restoring its ability to generate sales in Madhya Pradesh
** SDB says the licence renewals should help normalise operations and have a positive impact on its financial position
** Says the court also preserves the right of the company to seek damages for closure-related losses
** SDB shares down 26.5% in 2026 so far, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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