Board approves merger into Invade Agro; share swap ratio 5 for 2
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board of Chambal Breweries has approved a scheme to merge the company into Invade Agro Limited under Sections 230-232 of the Companies Act, 2013. Shareholders will get 5 equity shares of Invade Agro for every 2 Chambal shares held. Appointed date is June 1, 2026. Invade Agro already holds 22.93 percent of Chambal. Chambal had nil turnover and net worth of Rs 86.68 lakhs; Invade Agro had turnover of Rs 8,797.35 lakhs and net worth of Rs 30,343.34 lakhs. The deal is a related party transaction, confirmed at arm's length by an independent valuer. The scheme needs shareholder, creditor, SEBI and NCLT approvals.
If approved, Chambal will dissolve and merge into Invade Agro. Shareholders get 5 Invade Agro shares per 2 held. Outcome depends on regulatory clearances.