Board approves Q1 FY27 results and merger scheme with Invade Agro

Pat NegativeRelated Party TransactionsNegative Operating CashflowResults View source PDF

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AI summary

Board approved audited Q1 FY27 results showing a net loss of about Rs 4.68 lakhs on total income of Rs 1.08 lakhs, up from Rs 0.11 lakhs a year ago. Cash flow from operations was negative Rs 9.50 lakhs. Board also approved a draft scheme of amalgamation with Invade Agro Limited, which holds 22.93 percent of Chambal. Shareholders will get 5 Invade Agro shares for every 2 Chambal shares held. The deal is a related party transaction, structured at arm's length per independent valuers. Subject to NCLT, shareholder, and creditor approvals.

Likely market impact

Shareholders will get Invade Agro shares under the merger; deal needs NCLT approval. Q1 results show another small loss.