Atvo Enterprises board approved the scheme of amalgamation of Atvo Agrochem Limited, Shubhshree Health Care Private Limited, and Shorya Business (India) Limited on August 26, 2026. The move consolidates the group’s ethanol, alcohol, and real estate assets under the listed entity.

The Board considered and approved the Scheme based on recommendations from the Audit Committee and Independent Directors. The transaction falls under Sections 230 to 232 of the Companies Act, 2013, and Section 2(6) of the Income Tax Act, 2025. It is subject to approvals from shareholders, creditors, and the Jaipur bench of the National Company Law Tribunal (NCLT).

Financial Profile of Entities

As per audited financial statements as on March 31, 2026, the Transferee Company reported total assets of ₹1,451.34 lakh and revenue from operations of ₹598.24 lakh. Its net worth stood at ₹1,174.95 lakh.

Atvo Agrochem’s net worth increased to ₹2,538.72 lakh as on June 30, 2026, following the issuance of 1,11,80,000 equity shares. Shubhshree Health Care’s net worth rose to ₹51.58 lakh in the same period after issuing 5,00,000 shares.

Business Operations

Atvo Agrochem is engaged in grain-based fuel ethanol manufacturing with an installed capacity of 120 KLPD using maize feedstock. The plant targets commissioning around November 2026.

Shubhshree Health Care operates a grain-based alcohol-beverage platform with a licensed Extra Neutral Alcohol (ENA) capacity of 190 KLPD. It is commissioning a first-phase capacity of 150 KLPD alongside a bottling license for 15,000 cases per day.

Shorya Business undertakes real estate development through its “Ananda Residency” project in Tonk, Rajasthan. The project spans approximately 13.33 hectares with over 452 plots for residential and commercial use.

Share Exchange Ratio

No cash consideration is payable. Shareholders will receive equity shares of face value ₹1 each in the Transferee Company:

• Atvo Agrochem: 58 shares for every 100 shares held
• Shubhshree Health Care: 5,202 shares for every 100 shares held
• Shorya Business: 4,160 shares for every 100 shares held

What the Numbers Show

The amalgamation significantly alters the capital structure of the listed entity. Promoter holding in Atvo Enterprises is set to rise from 55.80% to 70.65%, while public shareholding will dilute from 44.20% to 29.35%. This consolidation brings substantial asset value into the listed shell, primarily driven by Atvo Agrochem’s ₹15,807.10 lakh asset base, despite zero operational revenue for the ethanol unit as of March 2026.

Atvo Enterprises reported a net profit of ₹4.54 lakh for the quarter ended June 30, 2026, a decline from ₹5.57 lakh in the same period of the previous year. Total income from operations for Q1FY26 stood at ₹86.94 lakh, compared to ₹80.03 lakh in Q1FY25. The company operates a single reportable segment focused on knitting job work.

The Board of Directors approved the unaudited standalone financial results for the quarter and year ended March 31, 2026, at its meeting held on July 17, 2026. The meeting commenced at 4.00 P.M. and concluded at 5.00 P.M. The results were reviewed by the statutory auditors, Naresh Maheshwari & Co., in accordance with the Standards on Review Engagements (SRE) 2410 issued by the Institute of Chartered Accountants of India.

Total expenses for the quarter increased to ₹80.81 lakh from ₹72.59 lakh in the prior year quarter. Profit before tax for Q1FY26 was recorded at ₹6.13 lakh, down from ₹7.44 lakh in Q1FY25. The company reported a basic and diluted earnings per share (EPS) of ₹0.00424 for the quarter, compared to ₹0.00521 in the corresponding period last year.

For the financial year ended March 31, 2026, the company reported a total income from operations of ₹675.33 lakh and a net profit of ₹21.49 lakh. The paid-up equity share capital remained constant at ₹1,069.85 lakh with a face value of ₹1 per share throughout the reported periods.

Financial Performance Summary