Appointment of Secretarial Auditor of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Asgard Alcobev Ltd (formerly Banganga Paper Industries) held its Board meeting on May 30, 2026, approving audited financial results and making two key appointments. The Board appointed Mrs. Kalpana Srinivasan as Secretarial Auditor for a 5-year term (FY 2026-27 to 2030-31) and M/s. N C Karnany & Co as Internal Auditor for FY 2026-27. On financials, consolidated revenue grew 75% to INR 10,150.68 Lakhs (vs INR 5,809.63 Lakhs) largely due to acquisition of CMJ Breweries Pvt Ltd in February 2026. However, consolidated PAT declined 21% to INR 148.95 Lakhs (vs INR 188.28 Lakhs). Standalone results show PAT of INR 56.34 Lakhs (turned from loss of INR 15.58 Lakhs), though standalone revenue is minimal at INR 31.05 Lakhs after selling the paper business subsidiary. Exceptional loss of INR 178.43 Lakhs was recorded on sale of Banganga Paper Mills Ltd. Statutory auditors Batliboi & Purohit issued unmodified opinions on both standalone and consolidated results.
The company has completed a major business transformation by exiting paper manufacturing and entering the beverages segment. While revenue surged due to the CMJ Breweries acquisition, profitability declined year-on-year, indicating integration costs or margin pressure in the new business. The appointment of new auditors for governance compliance is routine but positive for transparency.