Update on Scheme of Amalgamation _Received Observation Letter from BSE

Agribio Spirits Limited has received BSE's Observation Letter dated February 17, 2026 for its proposed Scheme of Amalgamation with Agribiotech Industries Limited (Transferor Company). BSE has no adverse observations, clearing the way for the company to file the scheme with the National Company Law Tribunal (NCLT). The company's board had originally approved the scheme on December 31, 2024, subject to regulatory approvals. The BSE letter carries a six-month validity within which the scheme must be submitted to NCLT. SEBI has included detailed observations requiring disclosures on swap ratio, financials (revenue, PAT, EBITDA for last 3 years), assets and liabilities being transferred, NOC from lenders, and any pending litigation against the entities, promoters or directors.