Allied Blenders & Distillers in Liquor Scam: Share Price Down Over 6% Amid AP SIT Probe: Report

Allied Blenders & Distillers Ltd (ABDL) is a prominent player in India’s Indian Made Foreign Liquor (IMFL) industry. The company is publicly listed and known for its wide portfolio of alcoholic beverages. Among its flagship brands are Officer’s Choice Whisky, Officer’s Choice Blue, ICONiQ White, and Sterling Reserve. ABDL also produces vodka, brandy, rum, and gin, catering to a broad consumer base across the country.

Recent Share Price Performance

As of 12:24 PM, the share price of Allied Blenders & Distillers Ltd saw a decline of over 6%, slipping below the ₹300 mark. This drop comes despite favourable market conditions and broader indices trading in the green.

In the month of April so far, the stock has fallen by over 2%. More strikingly, for the calendar year 2025, the stock has registered a decline of more than 30%, raising investor concerns over the company’s short-term outlook.

Impact of Andhra Pradesh Liquor Scam Investigation

As per the news report, the significant fall in the stock price has coincided with developments in an ongoing investigation by a Special Investigation Team (SIT) set up by the Andhra Pradesh government. The SIT is probing a liquor scam that allegedly took place during the previous administration.

In a major turn of events, the SIT reportedly unearthed evidence of widespread malpractices involving Allied Blenders & Distillers Ltd. Following this, orders were issued to freeze the company’s bank accounts in order to trace the suspected money trail linked to the alleged irregularities.

AP SIT Orders and Freezing of Bank Accounts

According to a news report, a formal letter from the Andhra Pradesh SIT to the concerned banks instructing them to freeze the accounts of ABDL has been circulated. The freezing of accounts is a part of ongoing efforts to establish the financial transactions that may have played a role in the suspected scam.

Such enforcement actions can often raise concerns about a company’s financial operations, liquidity, and business continuity, especially when public disclosures are still developing.

Conclusion

The ongoing probe and subsequent freezing of bank accounts have added pressure to an already declining stock price of Allied Blenders & Distillers Ltd. While the investigation unfolds, the market is likely to keep a close watch on further regulatory updates and their impact on the company’s financial and operational health.

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