chambal breweries has approved a scheme of amalgamation with Invade Agro Limited to consolidate operations and enhance resource efficiency. The Board of Directors approved the scheme on June 29, 2026, based on recommendations from the Audit Committee and the Independent Directors Committee. The appointed date for the amalgamation is June 01, 2026.

Under the scheme, Chambal Breweries and Distilleries Limited is the transferor company, while Invade Agro Limited is the transferee company. The transaction is classified as a related party transaction, but it is considered to be at arm's length. This determination is based on a fairness opinion issued by an independent category 1 merchant banker and valuations by independent registered valuers.

The share exchange ratio for the amalgamation has been fixed at 5:2. For every 2 fully paid-up equity shares of INR 10 each held by shareholders of Chambal Breweries, they will receive 5 fully paid-up equity shares of INR 10 each in Invade Agro Limited. Shares held by Invade Agro in Chambal Breweries will be extinguished upon the scheme becoming effective.

The financial metrics for the companies involved in the scheme for the year ended June 4, 2026, are detailed below:

The rationale for the merger includes the pooling of financial resources, centralized management, and reduction in operational and administrative expenses. The scheme is subject to necessary statutory and regulatory approvals, including those from shareholders, creditors, and the National Company Law Tribunal. The company will file the scheme with the stock exchanges pursuant to Regulation 37 of the Listing Regulations.

Chambal Breweries and Distilleries Limited reported a net loss of ₹19.44 lakh for the financial year ended March 31, 2026, widening from a loss of ₹8.32 lakh in the previous year. The company recorded zero revenue from operations for the period, while total income stood at ₹3.78 lakh, down from ₹8.95 lakh in FY25. The board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The company subsequently published the extract of these audited financial results in newspapers on May 30, 2026, pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statutory auditor, M/s Lokesh Maheshwari & Associates, issued an unmodified opinion on the standalone financial results. However, the auditor included an emphasis of matter noting that the company is still a going concern entity as it is in the process of identifying new plans to start the business. The financial statements were prepared on a going concern basis.

Financial Performance

The company's total expenses for the year increased to ₹23.22 lakh from ₹17.27 lakh in the prior year, primarily driven by employee benefits expense and other expenses. For the quarter ended March 31, 2026, the net loss was ₹4.68 lakh compared to a loss of ₹3.58 lakh in the corresponding period of the previous year. Earnings per share (EPS) for the year stood at (0.26), compared to (0.11) in FY25.

Board Decisions

Alongside the financial results, the board appointed M/s DCJ & Associates, Chartered Accountants (FRN: 015039C), as the internal auditor for the financial year 2026-27, effective May 28, 2026. The firm was established in 2009 and provides services in audit, taxation, and regulatory compliance. The meeting commenced at 3:30 P.M. and concluded at 4:00 P.M.

Assets and Liabilities

The total assets of the company decreased to ₹94.04 lakh as of March 31, 2026, from ₹113.31 lakh in the previous year. Current financial assets, including current investments and cash equivalents, stood at ₹85 lakh. The equity attributable to owners of the parent declined to ₹92.59 lakh from ₹112.03 lakh in FY25. The cash flow statement indicated a net decrease in cash and cash equivalents of ₹7.51 lakh during the year, with a closing balance of ₹14.94 lakh.