Nagarjuna Agri Tech Limited has received substantial equity investment from four private limited companies that jointly acquired 60,00,000 equity shares representing 19.57% of the company's total paid-up capital through preferential allotment. The acquisition was completed on March 20, 2026, and disclosed to BSE Limited under regulatory requirements on March 23, 2026.

Joint Acquisition Details

The substantial acquisition disclosure reveals that four entities - Loka Properties Private Limited, Basudev Builders Private Limited, Aakanshi Agency Private Limited, and Somani Estates Private Limited - acted together to acquire shares through preferential issue. These entities are not part of the promoter group of Nagarjuna Agri Tech Limited.

Impact on Equity Structure

The preferential allotment significantly expanded the company's equity base and altered its shareholding structure. Prior to this acquisition, all four entities held no shares in Nagarjuna Agri Tech Limited.

Regulatory Compliance and Documentation

The disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The formal disclosure was submitted to BSE Limited, where Nagarjuna Agri Tech's shares are listed. Each entity was represented by authorized signatories including Mr. Anil Kumar Apat (DIN: 00047739) for Loka Properties, Aakanshi Agency, and Somani Estates, while Mr. Bappa Das (DIN: 08093423) signed for Basudev Builders.

Corporate Leadership

The acquisition involved multiple directors across the four entities. Mr. Anil Kumar Apat serves as Director for three of the acquiring companies, while Mr. Bappa Das holds the Director position at Basudev Builders Private Limited. All entities confirmed their non-promoter status in relation to the target company.

The preferential allotment represents a significant capital infusion for Nagarjuna Agri Tech Limited, with the equity base expanding substantially from INR 9,36,91,000 to INR 30,65,51,200. The company's diluted share capital after the acquisition matches the total voting capital, indicating no outstanding convertible instruments. This joint acquisition by four entities demonstrates coordinated investment interest in the agricultural technology sector.

Nagarjuna Agri-Tech Limited has successfully completed its acquisition of Allenby Food & Beverages Private Limited through a comprehensive share swap arrangement worth Rs. 144.74 crore. The board of directors approved the transaction during their meeting held on March 20, 2026, marking a significant expansion into the food and beverages sector.

Board Meeting Outcomes and Regulatory Compliance

The company filed its board meeting outcome with BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction received in-principle approval from BSE Limited on March 6, 2025, and was executed in accordance with the special resolution passed by shareholders in the Extra-ordinary General Meeting held on December 22, 2025.

Acquisition Structure and Financial Details

The acquisition was executed through the allotment of 2,12,86,020 equity shares of Nagarjuna Agri-Tech Limited at an issue price of Rs. 68 per share on a preferential basis. These shares were issued in exchange for 14,19,068 equity shares of Allenby Food & Beverages Private Limited at a ratio of 15:1 to the 31 equity shareholders of the target company.

Target Company Profile and Financial Performance

Allenby Food & Beverages Private Limited, incorporated on June 26, 2012, operates as a specialized food and beverages company with headquarters in Kolkata and multiple production units across West Bengal and North East zones. The company focuses on ready-to-eat products and maintains an extensive portfolio of snacking, bakery items, and instant noodles.

Strategic Impact and Related Party Transaction

The acquisition represents a related party transaction, with promoters and promoter group companies participating in the preferential issue through the share swap mechanism. The deal was executed at arm's length pricing based on a registered valuer's valuation report, ensuring compliance with regulatory requirements.

The transaction aligns with Nagarjuna Agri-Tech's strategic expansion plans in the food industry sector. The acquisition provides access to Allenby's established distribution network and product portfolio, particularly in the ready-to-eat segment and instant noodles market. With Allenby's remarkable revenue growth from Rs. 66 lacs in FY 2023-24 to Rs. 5,295.77 lacs in FY 2024-25, the acquisition brings substantial business scale to the combined entity.

Leadership Changes

In a separate development, the board cancelled the appointment of Mr. Biswanath Bhattacharya as Chief Executive Officer due to medical grounds. Mr. Bhattacharya was initially considered and appointed as CEO during the February 5, 2026 board meeting, but the position now remains vacant.

Transaction Completion

Following the completion of the share transfer, Allenby Food & Beverages Private Limited has become a 100% subsidiary of Nagarjuna Agri-Tech Limited. The transaction complies with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and all necessary regulatory approvals have been obtained.