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

Asgard Alcobev Limited has completed the acquisition of a 78.90% stake in CMJ Breweries Private Limited (CMJBPL) through a share swap, making CMJBPL its subsidiary. CMJBPL, operating as the largest brewery in Northeast India, serves as a contract brewing partner for leading beer brands. This strategic move diversifies Asgard Alcobev into the high-demand alcoholic beverages segment, strengthening its market presence and aligning with its long-term strategy for sustainable value creation. CMJBPL's turnover was 252.00 Cr in FY25, 329.39 Cr in FY24, and 453.37 Cr in FY23.