Asgard Alcobev Limited accepted the resignation of Ms. Gauri Satish Chiplunkar as Director, effective from the close of working hours on June 17, 2026. The resignation was submitted voluntarily due to personal reasons, and the company confirmed there are no other material reasons or circumstances connected with the departure. The disclosure was submitted to the stock exchange in compliance with regulatory requirements.

The company informed BSE Limited regarding the change in its board composition pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was also made in reference to a specific SEBI circular issued on July 11, 2023, and last updated on January 30, 2026.

In her resignation letter addressed to the Board of Directors, Ms. Chiplunkar confirmed that she has no claims or dues outstanding against the company. She also undertook to cooperate in the smooth transition of her responsibilities as may be required by the management. She expressed gratitude for the opportunity to serve on the Board and appreciated the support received during her tenure.

The following table details the event information provided to the exchange:

The filing was signed by Mr. Ronak Jain, Managing Director of Asgard Alcobev Limited. The company, formerly known as Banganga Paper Industries Limited, is headquartered in Shillong, Meghalaya, with its registered office in Nashik, Maharashtra.

Asgard Alcobev Limited promoter Ronak Jain has pledged 2,00,00,000 equity shares, representing 6.42% of the company's total share capital, in favour of Kotak Mahindra Bank. The encumbrance was created on June 3, 2026, to secure a loan taken by CMJ Breweries Private Limited, a subsidiary of the target company. This move increases the promoter's encumbered holdings, which were previously nil, to 6.42% of the total share capital.

The disclosure was submitted to BSE Limited on June 5, 2026, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the pledge was executed specifically to provide collateral securities against the borrowing by the subsidiary entity. Prior to this transaction, Ronak Jain held a total of 11,89,73,483 shares, accounting for 38.19% of the paid-up share capital, without any existing encumbrances.

Shareholding Details

The following table outlines the changes in Ronak Jain's shareholding status following the creation of the pledge:

Regulatory Context

The filing details the specific regulatory provisions invoked for the disclosure. Regulation 29 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, mandates the disclosure of any encumbrance, invocation, or release of encumbrance on shares held by promoters or persons acting in concert (PAC). The document identifies the target company as Asgard Alcobev Limited, listed on BSE Limited with the scrip code 512025 and ISIN INE767M01029.