The Board of Directors of Empee Distilleries Limited at their meeting held on 16 September, 2016 concluded and has approved allotment of 14%, 100 Nos. Secured, Rated, Listed, Redeemable Non-Convertible Debentures of INR 1,000,000 each to aggregating INR 100 million to select investors under private placement basis namely EW India Special Assets Fund Pte Ltd. and Arum Investments Private Ltd.