India, June 22 -- The shares of the Small-Cap company, which specialises in producing alcoholic beverages such as beer, whisky, and other spirits in India, are in focus as they have crashed by 12 percent in the day's trade.

With a market capitalization of Rs. 1,433.21 crores in the day's trade, the shares of Som Distilleries & Breweries Ltd declined by 12.3 percent, making a low of Rs. 66.03 per share compared to its previous closing price of Rs. 75.36 per share.

What Happened The Company hereby informs the Stock Exchanges that its application for the grant of the Excise License for the Bhopal plant for FY 2026-27 has been rejected by the Excise Department, Madhya Pradesh.

Despite submitting detailed responses and supporting document...