as per the attached document
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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 4.3 pts less than Nifty Microcap 250 and 4.9 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors approved two key transactions on February 17, 2026. First, the company allotted 16,70,000 equity shares of Re. 1 each at Rs. 1.45 per share on a preferential basis to a non-promoter public category allotteee (Himathsingh R Marak), raising Rs. 24.21 lakhs in cash. Second, the company completed the sale of its entire 99.96% stake in subsidiary Banganga Paper Mills Limited (BPML) for a cash consideration of Rs. 11.22 crores to related parties Mr. Karbhari Pandurang Dhatrak, Mrs. Jayashree Karbhari Dhatrak, and Mr. Chetan Karbhari Dhatrak. Following this sale, BPML has ceased to be a subsidiary of Asgard Alcobev. BPML reported a turnover of Rs. 76.74 crores and net worth of Rs. 12.77 crores in FY 2024-25. The transaction was carried out on an arm's length basis and approved by the Audit Committee.
The company is divesting its legacy paper business subsidiary and shifting focus towards its alcobev (alcoholic beverages) segment, as reflected in its name change. Shareholders gain Rs. 11.22 crores in cash from the subsidiary sale, though the preferential allotment at Rs. 1.45 (just above face value) signals a small equity raise rather than a significant capital expansion. The related-party nature of the subsidiary sale may draw shareholder scrutiny.