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Awaiting price reaction for this filing.
The shareholders of Banganga Paper Industries Limited approved a change in the company's name to 'Asgard Alcobev Limited' at an Extraordinary General Meeting held on January 14, 2026. The company, which was formerly known as Inertia Steel Limited, will now operate under the new name, subject to necessary regulatory and statutory approvals. The name clause in the Memorandum of Association has been substituted accordingly. The name change signals a strategic pivot, as 'Alcobev' suggests a focus on the alcoholic beverages sector.
This is a corporate rebranding and does not directly affect share value, but the name change hints at a possible business shift toward the alcoholic beverages industry, which investors should monitor for further strategic updates.