Asgard Alcobev Limited promoter Ronak Jain has pledged 2,00,00,000 equity shares, representing 6.42% of the company's total share capital, in favour of Kotak Mahindra Bank. The encumbrance was created on June 3, 2026, to secure a loan taken by CMJ Breweries Private Limited, a subsidiary of the target company. This move increases the promoter's encumbered holdings, which were previously nil, to 6.42% of the total share capital.

The disclosure was submitted to BSE Limited on June 5, 2026, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the pledge was executed specifically to provide collateral securities against the borrowing by the subsidiary entity. Prior to this transaction, Ronak Jain held a total of 11,89,73,483 shares, accounting for 38.19% of the paid-up share capital, without any existing encumbrances.

Shareholding Details

The following table outlines the changes in Ronak Jain's shareholding status following the creation of the pledge:

Regulatory Context

The filing details the specific regulatory provisions invoked for the disclosure. Regulation 29 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, mandates the disclosure of any encumbrance, invocation, or release of encumbrance on shares held by promoters or persons acting in concert (PAC). The document identifies the target company as Asgard Alcobev Limited, listed on BSE Limited with the scrip code 512025 and ISIN INE767M01029.

[Asgard Alcobev Limited](asgard alcobev) reported a net profit of ₹56.34 lakh for the financial year ended March 31, 2026, compared to a loss of ₹15.58 lakh in the previous year. The turnaround was primarily driven by exceptional income of ₹101.88 lakh recognized from the sale of its subsidiary, Banganga Paper Mills Ltd. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026.

The company's consolidated revenue from operations for FY26 stood at ₹10,150.68 lakh, a significant increase from ₹5,809.63 lakh in FY25, reflecting the inclusion of operations from newly acquired subsidiary CMJ Breweries Private Limited. The consolidated net profit for the year was ₹148.95 lakh, down from ₹188.28 lakh in the previous year, impacted by an exceptional loss of ₹178.43 lakh on the disposal of the material subsidiary. The statutory auditors, M/s. Batliboi & Purohit, issued an unmodified opinion on the financial results.

Key Financial Highlights

Corporate Governance Appointments

Based on the recommendations of the Audit Committee, the Board approved the appointment of M/s. N C Karnany & Co as the Internal Auditor for the financial year 2026-27. Additionally, Mrs. Kalpana Srinivasan was appointed as the Secretarial Auditor for a term of five financial years starting from FY 2026-27 to 2030-31, subject to shareholder approval at the ensuing Annual General Meeting. The trading window for designated persons, which had been closed since April 01, 2026, will reopen 48 hours after the financial results are made public.