Chambal Breweries & Distilleries Ltd — Updates, 01-01-1970: Company Update

M/s. Invade Agro Limited has announced a board meeting to consider the financial results for the quarter and half-year of Chambal Breweries and Distilleries Limited. The company has entered into an agreement to acquire 12,03,839 equity shares (16.08% stake) from existing promoters at ₹5.50 per share. Concurrently, an open offer is made to public shareholders to acquire up to 19,47,077 shares (26% stake) at ₹6 per share, aggregating ₹1.17 Cr assuming full acceptance. Post-acquisition, Invade Agro will hold 42.08% and assume promoter status. No major changes to the target company's business are planned. The offer will be executed via stock exchange mechanism with Axis Bank escrow arrangements ensuring funds adequacy. All statutory approvals are currently in place or not required. Shareholders tendering shares must ensure they are free of encumbrances. Tax implications vary by shareholder category and should be independently assessed.