Investment in Wholly-Owned Subsidiary Company by way of subscription to Right Issue
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Awaiting price reaction for this filing.
Agribio Spirits has invested Rs. 2.009 crore in its wholly-owned subsidiary Solkit Distillery and Brewery Private Limited by subscribing to 98,000 equity shares at Rs. 205 each (Rs. 10 face value + Rs. 195 premium). The allotment was completed on December 29, 2025, raising Solkit's paid-up capital from Rs. 50 lakh (5,00,000 shares) to Rs. 59.8 lakh (5,98,000 shares). Solkit is in the alcoholic beverages business, bottling country liquor and IMFL on a franchise basis with a capacity of about 1,45,000 cases. The subsidiary's turnover has declined from Rs. 30.41 crore in FY24 to Rs. 25.81 crore in FY25. The investment is classified as a related party transaction done at arm's length, and the stated purpose is general corporate purposes.
This is a routine capital infusion into an existing wholly-owned subsidiary rather than a new acquisition, so direct impact on the parent company's share price is limited. Shareholders may note the subsidiary's declining turnover trend, which could signal the need for this additional funding.