Agribio Spirits Limited has announced the completion of its acquisition of Solkit Distillery and Brewery Private Limited (SDBPL) in a strategic move to expand its presence in the beverage industry. The company has acquired 100% equity shares of SDBPL for Rs 13.00 crores through a Share Purchase Agreement.

Acquisition Details

The acquisition involved the purchase of 5,00,000 equity shares from five sellers:

1. Soli Ilavia
2. Anosh Ilavia
3. Arash Ilavia
4. Solkit Cosmetics
5. Crystal Ilavia

To comply with the Companies Act, 2013 requirement of a minimum of two shareholders for a private company, the shareholding structure is as follows:

• Agribio Spirits Limited: 98.92% (494,600 shares)
• Mrs. Puja Bajoria (Promoter): 0.54% (2,700 shares)
• Mr. Ashutosh Bajoria (Promoter): 0.54% (2,700 shares)

About Solkit Distillery and Brewery Private Limited

SDBPL, incorporated under the Companies Act, 1956, is engaged in the bottling of beverages, including the manufacturing of Country Liquor/Rajasthan Made Liquor and India Made Foreign Liquor. The company operates on a franchise basis with a production capacity of approximately 1,45,000 units.

The acquired company has shown consistent financial performance over the past three years:

SDBPL's registered office is located at B-188(A), Mewar Industrial Area Road No. 5, Udaipur, Rajasthan 313003.

Strategic Implications

This acquisition aligns with Agribio Spirits Limited's business objectives, which include manufacturing, processing, bottling, and distributing various alcoholic beverages and related products. The move is expected to strengthen the company's position in the beverage industry and expand its product portfolio.

Ratan Singh, Managing Director of Agribio Spirits Limited, confirmed that SDBPL has now become a subsidiary of the company under both the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The acquisition is not considered a related party transaction, and the company has stated that no governmental or regulatory approvals were required for the deal.

Agribio Spirits Limited, formerly known as Beekay Niryat Limited, continues to demonstrate its commitment to growth and expansion in the spirits and beverage sector through this strategic acquisition.

Agribio Spirits Limited (formerly known as Beekay Niryat Limited) has announced its 50th Annual General Meeting (AGM) and set the record date for its final dividend payment for the financial year ended March 31, 2025.

Key Details

Dividend Information

The Board of Directors has recommended a final dividend of Rs. 0.25 per equity share for the financial year ended March 31, 2025. This dividend is subject to approval by shareholders at the upcoming AGM. If approved, the dividend will be paid within 30 days from the date of the AGM to eligible shareholders.

AGM Agenda Highlights

1. Adoption of audited financial statements for FY 2024-25
2. Declaration of final dividend
3. Re-appointment of Mrs. Puja Bajoria as director, who retires by rotation
4. Re-appointment of M/s R P Khandelwal & Associates as Statutory Auditors
5. Appointment of M/s Abhishek S & Associates as Secretarial Auditors
6. Increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013
7. Approval for investments, loans, guarantees, and security in excess of limits specified under Section 186
8. Approval of material related party transactions

E-voting Information

The company is providing remote e-voting facility to its shareholders. The e-voting period will commence on September 27, 2025, at 9:00 A.M. and end on September 29, 2025, at 5:00 P.M. Shareholders holding shares as of the cut-off date of September 23, 2025, may cast their votes electronically.

Agribio Spirits Limited has appointed Mr. Arun Kumar Shrivastav, Practicing Chartered Accountant, as the Scrutinizer to oversee the e-voting process and ensure transparency.

Shareholders are encouraged to participate in the AGM and exercise their voting rights. For any queries related to e-voting, members can contact the company at info@abil.co.in or refer to the detailed instructions provided in the AGM notice.

The AGM notice and annual report for FY 2024-25 are available on the company's website at www.beekayniryat.com .