CHAMBAL BREWERIES & DISTILLERI

Despite a name suggesting brewing or distilling, the company currently has no business operations and reported nil revenue from operations in FY26. The only income came from other sources totaling Rs 3.78 lakhs for the year, while it posted a net loss of Rs 19.44 lakhs, compared with an Rs 8.32 lakh loss in FY25. The board has approved a draft scheme of amalgamation to merge the company into Invade Agro Limited, which already holds 22.93% of it, with a swap ratio of 5 Invade Agro shares for every 2 Chambal shares, subject to NCLT, shareholder and creditor approvals. The statutory auditor flagged going concern uncertainty, noting that management is still identifying new plans to start business operations. Q1 FY27 continued this pattern with nil revenue from operations, a net loss of Rs 4.68 lakhs, and operating cash flow negative at Rs 9.50 lakhs.