Piccadily Agro Industries Ltd , a company engaged in the agro-industrial sector, has announced a significant upcoming board meeting that could potentially impact its shareholding structure. The company has scheduled a Board of Directors meeting for September 10, 2025, to deliberate on the conversion of Compulsory Convertible Debentures (CCDs) into equity shares.

Key Points of the Announcement

• Meeting Date: The board meeting is set for Wednesday, September 10, 2025.
• Primary Agenda: To approve the conversion of 28,49,448 Compulsory Convertible Debentures (CCDs) into equity shares.
• Conversion Ratio: Each debenture is proposed to be converted into one equity share.
• Target Category: The conversion is intended for the Non-Promoter/Public Shareholder Category.

Implications of the Proposed Conversion

The proposed conversion of CCDs to equity shares is a significant move that could have several implications:

1. Equity Dilution: If approved, this conversion would lead to an increase in the number of outstanding equity shares of the company.
2. Shareholding Pattern: The conversion could potentially alter the company's shareholding pattern, particularly in the Non-Promoter/Public Shareholder category.
3. Capital Structure: This move would impact the company's capital structure by reducing debt (in the form of CCDs) and increasing equity.

Additional Information

The company has also indicated that the board will discuss and consider other agenda items as determined by the directors during the meeting. This leaves room for potential additional decisions that may be of interest to shareholders and market watchers.

Regulatory Compliance

Piccadily Agro Industries has made this announcement in compliance with regulation 29(1)(d) of the Securities & Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations 2015. This regulation requires listed entities to give prior intimation to stock exchanges about meetings of the board of directors where matters such as fund raising by way of further public offer, rights issue, preferential issue, etc., are to be considered.

The company has duly informed both the BSE Limited and the National Stock Exchange of India Limited about this upcoming board meeting, adhering to its obligations as a listed entity.

Investors and stakeholders of Piccadily Agro Industries should keep an eye out for the outcomes of this board meeting, as the decisions made could have a notable impact on the company's financial structure and shareholder value.

Piccadily Agro Industries Limited has announced a historic milestone for its Indri single malt whisky, solidifying its position as a dominant player in the Indian and global whisky market. The company's flagship brand has not only become India's largest-selling single malt but has also earned the title of the fastest-selling Indian single malt globally.

Record-Breaking Sales

Indri single malt whisky achieved remarkable sales of 2.04 million bottles, equivalent to 170,000 9-liter cases. This impressive figure comprises 124,000 cases sold domestically and 46,000 cases in overseas markets, showcasing the brand's strong appeal both at home and abroad.

Industry Recognition

The International Wine & Spirits Record (IWSR), a globally respected authority on alcohol consumption data, has certified Indri as the "No.1 malt whisky in India." This recognition places Indri ahead of both domestic and international competitors, cementing its status in the premium spirits category.

Factors Behind Success

Praveen Malviya, CEO (IMFL) of Piccadily Agro Industries Limited, attributed the brand's success to several key factors:

1. Liquid quality and customer satisfaction
2. Use of Indian ingredients and local barley
3. Unique flavor profile imparted by the distinctive terroir

"We have strived to make a single malt that is second to none, while staying true to our heritage and provenance, and keeping Indian ingredients at the core of all our products," Malviya stated.

Product Range and Accolades

Indri's product lineup includes:

• Indri-Trini: A three-wood matured expression
• Indri-Dru: A cask strength offering
• Indri Diwali Collector's Editions: Known for commanding premiums in the secondary market
• Indri Founder's Reserve 11YO: An ultra-premium expression

These expressions have consistently won gold medals and top honors at prestigious global spirits competitions, including the title of "Best in the World."

Company Background

Piccadily Agro Industries Limited, a publicly listed company, operates its manufacturing facility in Indri, Haryana. Spread across 168 acres, the facility produces a range of products including malt, alcohol, ethanol, and sugar. The company launched Indri in 2022, marking its entry into the premium single malt whisky market.

Future Aspirations

With this achievement, Piccadily Agro Industries Limited has set its sights on even loftier goals. The company aims to position Indri among the top 5 selling single malt brands globally in the coming years, further establishing India's presence on the world whisky stage.

As Indri continues to gain recognition and market share, it not only represents a success story for Piccadily Agro Industries Limited but also showcases the potential of Indian-made premium spirits in the global market.