Chambal Breweries & Distilleries Ltd — Updates, 14-06-2025: Company Update

M/s. Invade Agro Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company, acting as the Acquirer, has initiated an open offer to acquire up to 19.47 lakh equity shares (26%) of Chambal Breweries and Distilleries Limited at Rs. 6 per share, aggregating to Rs. 1.17 Cr, following a Share Purchase Agreement to acquire 16.08% stake at Rs. 5.50 per share. Post-transaction, Invade Agro will hold 42.08%. The offer is mandatory due to proposed reclassification as promoter. The Acquirer does not plan major changes to the Target’s business and has sufficient resources to meet the offer obligations. The acquisition and offer will be conducted through the stock exchange tendering mechanism.