ASSOCIATED K E D IA G R OU P Dreams Determination Dexterity Associat ed Alcohols & Breweries Ltd. Registered Corporate Office : 4th Floor , BPK Star Tower, A.B. Road , I ndore - 452 008, (M.P.) India Contact No. +91 731 4780400/490 Fax : +91 731 4780410 E-mail : info@aabl.in CIN : L15520MP1989PLC049380 15th November , 2023 To, The Department of Corporate Services BSE Limited PJ Tower, Dalal Street, Mumbai – 400 001 Scrip Code: 507526 To, The Listing Department National Stock Exchange of India Limited Exchange Plaza, C -1, G Block Bandra Kurla Complex, Mumbai – 400 051 NSE Symbol: ASALCBR Sub: Transcript of Investor Conference Call held on 09th November , 2023 on Earning Presentation Dear Sir / Madam, Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure requirements) regulations, 2015 please find attached herewith tran script of Investor call held on 09th November , 2023. A copy of the said transcript along with audio recording is also available on the website of the company www.associatedalcohols.com This is for your information and record. Thanking You Yours Faithfully, For Associated Alcohols & Breweries Limited Sumit Jaitely Company Secretary & Compliance Officer Plant : Khodigram, Tehsil Barwaha, Distt. Khargone - 451 115 (M.P.) Page 1 of 13 Associated Alcohols and Breweries Limited Q2-FY24 Earnings Conference Call November 9th, 2023 Moderator: Ladies and gentlemen, good day and welcome to the Associated Alcohols and Breweries Limited Q2-FY24 Earnings Conference Call hosted by Valorem Advisors. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes . Should you need assistance during the conference call, please signal the operator by pressing * and then 0 on your touch tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Anuj Sonpal from Valor em Advisors. Thank you and over to you , sir. Go ahead. Anuj Sonpal: Thank you. Good afternoon, everyone. My name is An uj Sonpal from Valor em Advisors. We represent the Investor Relations of Associated Alcoh ol and Breweries Limited . On behalf of the Company . Id like to thank you all for participating in the. Company s earnings call for the second quarter and first half of the financial year 2024 . Before we begin, let me mention a short cautionary statement. Some of the statements made in todays earnings call may be forward -looking in nature . Such forward -looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. Such statements are based on managements beliefs as well as assumptions made by information currently available to ma nagement. Audi ence are caution not to place any undue reliance on these forward -looking statements in making any investment decisions . The purpose of todays earnings calls is purely to educate and bring awareness about the Company s fundamental business a nd financial quarter under review . Now let me introduce you to the management participating with us in todays earnings call and hand it over to them for opening remarks . We have with us Mr. Tushar Bhandari , whole time director and Mr. Ankit Agarwal, Chie f Financial officer. Without any delay , I request Mr. Tushar Bhandari to start with his opening remarks. Thank you and over to you , sir. Tushar Bhandari: Thank you, Mr. A nuj. Good afternoon, everyone, and welcome to our earnings conference call for the q uarter ended and half year ended FY24 . Let me first brief you on the operational highlights, after which our CFO, M r. Ankit Agarwal will take you through the financials. Lets please start with the macroeconomic scenario around our industry in the context of mixed global macroeconomic due to war and looming economic slowdown. The liquor segment in India has showcased consistent stability with consumption pattern remaining