Shareholders approve Agribiotech Industries amalgamation

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

Price

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Price reactionminutes from the announcement price · days from the prior close

+0.2%Reaction day

₹305.00

prior close

₹303.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-0.2% vs market

Breweries & Distilleries peers, median of 25sector-0.7%+0.9% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.9 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.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.2+0.4-0.2-0.7+0.9

Next day

+0.3+2.1-1.9+2.7-2.4

-0.5+2.2-2.7+2.7-3.1

-1.0+2.9-3.9+1.9-2.9

+0.8+0.3+0.5+1.6-0.8

+1.5+1.8-0.3+1.9-0.4

+5.0+4.2+0.8+6.6-1.6

15d

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UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

At the NCLT-convened meeting on 24 October 2026, shareholders approved the amalgamation of Agribiotech Industries into Agribio Spirits. Of 6,693,157 valid votes polled, representing 61.494% of outstanding shares, all were in favour and none against. Promoters voted 4,709,567 shares in favour, while public and non-promoter shareholders voted 1,983,590. Final NCLT sanction and other approvals remain required.

Likely market impact

Shareholder approval is a positive step, but the merger still needs tribunal and other approvals. Share structure and operations may change if it takes effect.