Emami Limited has executed a definitive agreement on April 1, 2026, to acquire the remaining 73.5% stake in Axiom Ayurveda Private Limited for an aggregate consideration not exceeding ₹200.00 crores. The transaction, approved by the Board of Directors, marks the company's formal entry into the fast-growing beverage sector through the Alofrut brand.

Definitive Agreement and Phased Completion

Following the execution of the definitive agreement, the acquisition is expected to be completed in a phased manner over the next three months, in accordance with the terms of the agreement and applicable regulatory requirements. In the first tranche, Emami acquired approximately 36.7% additional stake, building upon its existing 26.5% holding in Axiom Ayurveda.

Strategic Leadership Appointments

As Axiom enters its next phase of growth under Emami's leadership, the company has onboarded Harkirat Bedi as the Chief Executive Officer of Axiom Ayurveda Private Limited. Bedi, formerly Vice President & Business Head at Dabur Nepal, is expected to strengthen the leadership team and accelerate expansion in the health and wellness beverage segment.

Axiom's Business Portfolio and Market Position

Axiom's portfolio includes beverage products under the brand "AloFrut", health juices under "Axiom Jeevan Ras", and beauty products under "Mukti Gold". AloFrut juices feature aloe vera pulp as a healthy fusion of aloe vera and fruit blends, available in multiple unique flavours with strong market presence across General Trade and Government Institutions.

Management Commentary on Strategic Vision

Harsha Vardhan Agarwal, Vice Chairman & MD of Emami Limited, stated that the growth strategy centers on building presence in emerging, high-opportunity categories aligning with evolving consumer preferences in health and wellness. The partnership with Axiom over the past two and half years has provided valuable insights and strengthened conviction in this segment.

Rishabh Gupta, Founder of Axiom Ayurveda Private Limited, emphasized that consumers are increasingly moving away from carbonated beverages toward healthier alternatives without compromising taste. He expressed confidence that Emami is the right partner to take Axiom into its next growth phase with deep industry expertise and strong capabilities.

Financial Performance and Market Outlook

Axiom Ayurveda is described as a profitable and growing company, expected to achieve a topline of around ₹180.00 crores in FY26. The acquisition aligns with Emami's strategy of leveraging multiple growth levers through strategic investments in new-age, synergistic segments that complement core businesses.

Emami Limited has published mandatory newspaper notices on 31st March, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notices were published in Business Standard (English version) and Aajkaal (Bengali version) and are also available on the company's website.

IEPF Share Transfer Notice

The company has issued a notice regarding the transfer of equity shares to the Investor Education and Protection Fund (IEPF) under Section 124(6) of the Companies Act, 2013. This applies to shareholders who have not encashed or claimed dividends for seven consecutive years or more.

The company has already communicated with concerned shareholders at their latest available addresses whose shares are liable to be transferred to the IEPF account. Shareholders can claim their unpaid dividends on or before Thursday, 20th August, 2026. If no valid claim is received by this deadline, the company will transfer the shares to IEPF in compliance with regulatory requirements.

Special Window for Physical Share Transfer

Emami has announced the reopening of a special window for re-lodgement of transfer requests and dematerialisation of physical shares. This facility is available pursuant to SEBI Circular No. HO/MIRSD/MIRSD-RTAMB/P/CIR/2020/166 dated September 07, 2020, and SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2025/107 dated January 30, 2025.

This special window covers transfer requests that were previously rejected, returned, or not attended to due to deficiencies in documents or processes. The shares transferred under this window will be mandatorily credited to the transferor only in demat mode and will remain under lock-in for one year, subject to successful verification.

Regulatory Compliance and Documentation

Both notices demonstrate Emami's adherence to regulatory requirements and shareholder protection measures. The company has provided comprehensive details about the processes and has made information easily accessible through multiple channels.

For shareholders holding shares in physical form, the company emphasizes the importance of converting to demat mode and updating KYC details. The notices also highlight that both unclaimed dividends and shares transferred to IEPF can be claimed back from the IEPF Authority by following prescribed procedures under the Rules.

Contact Information for Shareholders

Shareholders requiring assistance or having queries can contact the company's Registrar and Transfer Agent, Maheshwari Datamatics Pvt. Ltd., at 23, R.N. Mukherjee Road, Kolkata - 700 001, West Bengal. They can also reach out via telephone at +91 33 2248 2248, email at contact@mdplcorporate.com , or write directly to the company at investor@emamigroup.com .

The publication of these notices in both English and Bengali newspapers ensures wide accessibility for shareholders across different linguistic preferences, reflecting the company's commitment to transparent communication with its investor base.