Chambal Breweries board approves merger with Invade Agro; 5:2 share swap
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Chambal Breweries board approved a draft scheme of amalgamation with Invade Agro Limited, where Chambal (Transferor) merges into Invade Agro (Transferee). Swap ratio: 5 Invade Agro shares for every 2 Chambal shares held. Invade Agro already holds 22.93% of Chambal and managements are common. Appointed date: July 1, 2026. Subject to NCLT, shareholder and creditor approvals. Q1 FY27 results: nil revenue, net loss of Rs 4.68 lakh, EPS minus 0.10. Chambal net worth Rs 84.84 lakh versus Invade Agro Rs 304.29 crore.
Chambal shareholders get 5 Invade Agro shares per 2 held; merger aims at synergies but needs NCLT, shareholder and creditor approvals to go through.