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

Asgard Alcobev's board approved two key actions. The company allotted 16,70,000 equity shares at Rs. 1.45 each, raising approximately Rs. 0.24 Cr from a non-promoter. Concurrently, it completed the strategic sale of its 99.96% stake in subsidiary Banganga Paper Mills Limited for about 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 subsidiary. The transaction, involving related parties, was conducted on an arm's length basis.