Banganga Paper Industries Ltd — Important, 18-02-2026: Company Update

Asgard Alcobev's Board approved a preferential allotment of 16.70 lakh equity shares at Rs. 1.45 each, raising Rs. 0.24 Cr from a non-promoter public investor. Concurrently, the company completed the strategic sale of its 99.96% stake in subsidiary Banganga Paper Mills Limited for Rs. 11.22 Cr. This divestment means Banganga Paper Mills, which reported a turnover of Rs. 76.74 Cr and net worth of Rs. 12.77 Cr in FY25, is no longer a company subsidiary. These moves impact the company's capital structure and operational focus.