Piccadily Agro Industries Ltd

They bought a closed distillery in Portavadie UK for 1 million GBP in 2021. Distillation may have commenced in 2022 or 2023. UK govt rules state that single malt needs to be aged for a minimum of 3 years. So product from UK distillery may hit the market around 2025 - 2026. During aging a portion of the liquor is lost through evaporation, it’s called “angel’s share”. Angel’s share in India is very high due to climate and it’s relatively less in UK. So UK production may produce better profit margins.

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