IN CP (IBC)/21/KOB/2024 (Under Section 30(6), 31 & 60(5) of IBC, 2016, read with Rule 11 of NCLT Rules, 2016)

Date of Institution:19.01.2026 Order delivered on: 16.04.2026 In the matter of SDF Industries Limited MEMO OF PARTIES:

RAMACHANDRAN THEKKUMKAT MADATHIL Resolution Professional of SDF Industries Limited

24-53/2, Flat 8, Inscape Illam, Ragamaligapuram, Kottappuram, Near Kottappuram Railway Gate, Thrissur, Kerala- 680004.

…Applicant Coram:

HON’BLE MEMBER (JUDICIAL) : SHRI. VINAY GOEL Appearances:

For the Applicant : Mr. A C Venugopal, Advocate Mr. Ramachandran Thekkumkat Madathil, Resolution Professional

O R D E R

PER CORAM

1. The present application IA(IBC)(Plan)/03/KOB/2025 has been filed on

19.01.2026 by Mr. Ramachandran Thekkumkat Madathil, Resolution Professional of SDF Industries Limited (“Corporate Debtor”) under Section 30(6), 31 and 60(5) of the Insolvency and Bankruptcy Code, 2016(“Code”) read with Rule 11 of NCLT Rules, 2016 for approval of the Resolution Plan submitted by M/s Associated Alcohols & Breweries Limited, Successful Resolution Applicant (“SRA”).

2. ABOUT THE CORPORATE DEBTOR The Corporate Debtor is a Company registered under the Companies Act, 1956, having its Registered Office at SDF House, Panchayath Door No 13/610, Xanadu No.7, Sarayu Nagar, Chandranagar P O, Palakkad, Kerala, India, 678007.

The Corporate Debtor was incorporated on 19.04.1990 with authorized share capital of INR 12,50,00,000/- and its paid-up capital is INR

11,68,73,000/-.

The Corporate Debtor was incorporated with the following objectives:

1. To carry on the business of Manufacturers, Distillers, Compounders, rectifiers and brewers, importers, exporters and dealers of all kinds of spirit, liquor and alcoholic substances like arrak, brandy, whiskey, wines, vodka, gin, rum, fenny and all other alcoholic substances derived from tapioca as also and other corns, coconut and palm trees, cashew fruits and generally to undertake, perform and carry out all or any of the operations ordinarily undertaken by distillery proprietors.

2. To carry on the business of manufacturers, processors, distillers, brewers, compounders, rectifiers, importers, exporters, dealers, buyers, and sellers of beer, such as ale, stout, porter, lager, and all other types and varieties of beer, and to carry on and conduct the business of trades of beer and beer house keepers.

3. To carry on business of malters, corn growers and merchants, hopgrowers and merchants, general grain raisers, grape merchants, licenced victuallers, malt factors and buyers, sellers, dealers and manufacturers of yeast and allied products, finings, isinglass and other brewers requisites colours of liquors, alcohol, their derivatives, synthetic chemicals, perfumes, solvents, such as ethers esters and driers.

CIRP OF THE CORPORATE DEBTOR AND KEY EVENTS DURING THE CIRP

3. The Company Petition CP(IBC)/21/KOB/2024 was filed by M/s. Mudali Associates, an Operational Creditor, against the Corporate Debtor, under Section 9 of the Code and was admitted by this Tribunal, vide order dated 04.04.2025, whereby CIRP was commenced in respect of the Corporate Debtor. Accordingly, Mr Ramachandran Thekkumkat Madathil was appointed as the IRP, who was subsequently confirmed as the Resolution Professional (“RP”) of the Corporate Debtor.

4. A public announcement inviting claims from creditors was issued on

05.04.2025. During the CIRP, the Resolution Professional constituted the CoC and undertook the process of invitation of Expressions of Interest (“EOI”) by issuance of Form G. The provisional and final lists of Prospective Resolution Applicants (“PRAs”) were published, and the Information Memorandum, Evaluation Matrix, and Request for Resolution Plan (“RFRP”) were issued. The CoC was reconstituted on 14.07.2025 after verification and admission of claims, including claims received from a suspended director and the Employees’ Provident Fund Organisation.

5. Resolution plans received were placed before the CoC for consideration. A Lette