Asgard Alcobev Limited has corrected a regulatory filing to reflect the creation of an encumbrance on 2,00,00,000 equity shares, rectifying a previous error that categorized the transaction as a sale. The revised disclosure, submitted to BSE on June 18, 2026, confirms that the shares were pledged in favour of Kotak Mahindra Bank. The correction ensures the transaction is accurately recorded under the 'Encumbrance' category as required by Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing details the shareholding pattern before and after the pledge. The acquirer, Ronak Jain, along with Persons Acting in Concert (PAC) including Sarita Jain, Priyanka Jain, and K K Impex & Trading Private Limited, holds a significant stake in the company. The total voting capital before the transaction stood at 18,67,68,612 shares, representing 59.95% of the total share capital. The pledge of 2,00,00,000 shares accounts for 6.42% of the total diluted share capital.

The table below outlines the specific holdings and the impact of the encumbrance:

The mode of acquisition for the encumbrance is listed as Open Market, with the transaction date recorded as June 3, 2026. The equity share capital of the target company remains unchanged at Rs.31,15,32,917, divided into 31,15,32,917 equity shares of Rs.1/- each. The total diluted share capital also remains at 31,15,32,917 shares following the transaction.

This revised filing supersedes the previous communication dated June 5, 2026. The company stated that the initial disclosure contained a typographical error, which has now been rectified to provide accurate information to the stock exchanges and shareholders.

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.