ANNUAL REPORT 2024-25
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.7 pts more than Nifty Microcap 250 and 3.7 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Agribio Spirits (formerly Beekay Niryat) has submitted its 50th Annual Report for FY2024-25 along with the AGM notice, with the meeting set for September 30, 2025. The Board has recommended a final dividend of 2.5% (Rs. 0.25 per equity share on Rs. 10 face value), with the record date fixed as September 19, 2025. A key strategic development is the proposed merger with associate company Agribiotech Industries Limited, for which the merger application has been filed with BSE and is awaiting approval. The AGM also seeks shareholder approval to raise borrowing limits up to Rs. 250 crores, create charges on company assets up to the same limit, and approve material related party transactions with Rigmadirappa Investments Pvt Ltd and Agribiotech Industries Ltd. The company operates in raw jute, leather goods, and alcohol segments.
Shareholders will vote on a modest dividend, a potentially significant merger with the associate company, and a major increase in borrowing capacity to Rs. 250 crores — the latter could signal upcoming expansion or higher leverage. The related party transactions with the merger partner and connected entity warrant close scrutiny for arm's-length pricing.