Banganga Paper Industries Ltd — Important, 17-02-2026: Company Update

Asgard Alcobev's board has approved acquiring a 78.90% stake in CMJ Breweries, a leading Northeast India brewery with a FY25 standalone turnover of ₹252.00 Cr. This strategic move diversifies Asgard into the alcoholic beverages sector. For the acquisition, Asgard allotted 15.11 Cr equity shares via a share swap. The company also made additional preferential allotments to non-promoter public investors: 3.90 Cr equity shares for cash and 2.20 Cr convertible warrants, receiving cash consideration for both. This expands Asgard's business portfolio and strengthens its market presence.