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

Asgard Alcobev Limited has successfully acquired a 78.90% stake in CMJ Breweries Private Limited via a share swap, making CMJBPL its subsidiary. This strategic move diversifies Asgard Alcobev into the alcoholic beverages industry by integrating Northeast India's largest brewery, known for producing beer and contract brewing for major brands. CMJBPL reported turnover of ₹252.00 Cr in FY2024-25, ₹329.39 Cr in FY2023-24, and ₹453.37 Cr in FY2022-23. This acquisition enhances operational strength and market presence, aligning with the company’s vision to evolve into a diversified business group with significant growth potential.