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The Board of Kati Patang Lifestyle Ltd approved two acquisitions on March 3, 2026, both to be done entirely through share swap (no cash outflow). First, it will acquire 100% of Agnetta International Pvt Ltd, a Gurgaon-based wine and spirits trading company with FY25 turnover of Rs 6.04 crore, for a purchase consideration of up to Rs 3.5 crore. Second, it will acquire the remaining 2% stake (38,728 shares) in Empyrean Spirits Pvt Ltd (ESPL), maker of the 'Kati Patang' craft beer brand with FY25 turnover of Rs 16.56 crore, for Rs 96.82 lakh, making ESPL a wholly owned subsidiary. Both deals are subject to shareholder approval and are expected to complete in 3–4 months.
For shareholders, the acquisitions are fully funded through share issuance, meaning existing investors will see dilution but gain entry into premium imported wines and craft beer segments. The deals consolidate the company's position in lifestyle beverages and align with its stated strategy of expanding into high-growth liquor categories, which could support long-term revenue diversification.