Chambal Breweries and Distilleries Limited reported a narrowed net loss of ₹7.75 lakh for the quarter ended June 30, 2026, compared to a net loss of ₹7.34 lakh in the same period last year. The company recorded total income of ₹1.08 lakh for Q1FY27, while total expenses stood at ₹8.83 lakh. The Board of Directors approved the audited financial results for the quarter at its meeting held on July 07, 2026.

Financial Performance

The company's financial results for the quarter ended June 30, 2026, were reviewed and taken on record by the Board. Revenue from operations remained nil for the reported quarter. Other income, primarily interest income, decreased to ₹1.08 lakh from ₹1.28 lakh in the preceding quarter ended March 31, 2026. Total expenses increased to ₹8.83 lakh from ₹5.96 lakh in the previous quarter, driven by employee benefits expenses and other expenses.

Amalgamation with Invade Agro Limited

The Board approved a draft scheme of amalgamation between Chambal Breweries and Distilleries Limited, the transferor company, and Invade Agro Limited, the transferee company. The appointed date for the scheme is July 01, 2026. The transaction is classified as a related party transaction, but the companies stated it is at arm's length based on valuations by independent registered valuers and a fairness opinion from an independent category 1 merchant banker.

Share Exchange Ratio

Upon the scheme becoming effective, Invade Agro Limited will issue five fully paid-up equity shares of face value ₹10 each for every two fully paid-up equity shares of ₹10 each held by shareholders of Chambal Breweries and Distilleries Limited as on the record date. The transferor company will be dissolved without being wound up upon the scheme's effectiveness. The amalgamation is subject to necessary statutory and regulatory approvals, including those from shareholders, creditors, and the National Company Law Tribunal.

Rationale for Merger

The Board stated that the amalgamation would result in the efficient pooling of financial resources, leading to centralized management and greater economies of scale. It is expected to reduce operational and administrative expenses by eliminating duplicated statutory compliances. The transferee company currently holds 22.93% of the paid-up equity share capital and voting rights of the transferor company, and the management of both entities is substantially common.

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.