Agribio Spirits Limited has issued a corrigendum to rectify a typographical error in its previous disclosure regarding the BSE observation letter for its amalgamation scheme. The company corrected the date of the BSE observation letter from the incorrectly stated February 17, 2027 to the accurate date of February 17, 2026.

Corrigendum Details and Date Correction

The company filed the corrigendum on February 19, 2026, addressing an inadvertent error in its February 18, 2026 disclosure. The corrected statement now reads that Agribio Spirits Limited received an observation letter dated February 17, 2026 from BSE Limited regarding the scheme of amalgamation, with BSE stating no adverse observations on the proposed scheme.

BSE Observation Letter Confirmation

The BSE observation letter, referenced as DCS/AMAL/RD/R37/4081/2025-26 and dated February 17, 2026, confirms that BSE Limited has no adverse observations on the scheme of amalgamation between Agribio Spirits Limited (transferee company) and Agribiotech Industries Limited (transferor company). This clearance enables the company to proceed with filing the amalgamation scheme before the National Company Law Tribunal (NCLT).

SEBI Guidelines and Compliance Framework

The BSE observation letter incorporates comprehensive guidelines from SEBI dated August 26, 2025, establishing specific compliance requirements for the amalgamation process. These guidelines mandate detailed disclosures including ongoing adjudication proceedings, financial data for the last three years, and comprehensive shareholder communication standards.

Key Disclosure Requirements

The companies must provide extensive information in their shareholder communications, including:

• Complete details of ongoing adjudication and recovery proceedings against the company, promoters, and directors
• Revenue, profit after tax, and EBITDA figures for all involved companies over the last three years
• Value of assets and liabilities being transferred from transferor to transferee company
• Post-merger balance sheet projections and financial implications for shareholders

Regulatory Process and Next Steps

The corrected disclosure maintains that all other contents of the original February 18, 2026 announcement remain unchanged. The company can now proceed with filing the amalgamation scheme with the NCLT, incorporating all SEBI guidelines and BSE observations into the tribunal petition. The regulatory framework requires specific written consent from SEBI for any changes to the draft scheme, except those mandated by regulators or tribunals.

Agribio Spirits Limited (formerly known as Beekay Niryat Limited) announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results during their meeting held on January 28, 2026, which commenced at 3:00 PM and concluded at 3:35 PM.

Standalone Financial Performance

The company's standalone financial results demonstrate consistent performance across key metrics for the third quarter of FY26.

For the quarter ended December 31, 2025, revenue from operations stood at ₹782.98 lacs compared to ₹784.80 lacs in the corresponding quarter of the previous year. Total expenses for the quarter were ₹812.95 lacs, resulting in a profit before tax of ₹37.94 lacs.

Nine-Month Performance Analysis

The nine-month period showed significant growth in revenue from operations, reaching ₹3,204.81 lacs compared to ₹1,347.76 lacs in the same period last year. This represents substantial year-over-year improvement in the company's operational performance.

Consolidated Results

The consolidated financial results include the company's associate and wholly-owned subsidiary. Consolidated net profit after tax for Q3 FY26 was ₹109.66 lacs, significantly higher than the standalone figure due to the share of profit from associates amounting to ₹81.27 lacs.

Corporate Developments

The company operates in a single business segment. The Board of Directors previously approved a merger by absorption of Agribiotec Industries Limited with Agribio Spirits Limited on December 31, 2024, which will become effective after receiving all requisite approvals.

Additionally, the company acquired 99.10% equity shares of Solkit Distillery and Brewery Private Limited on September 11, 2025. However, since operations of this subsidiary have not commenced and modernization work is in progress, its financial information has not been consolidated in these results.

Audit and Compliance

The financial results were subject to limited review by M/s RP Khandelwal & Associates, Chartered Accountants, the company's statutory auditors. The results have been prepared in accordance with Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013, and comply with Regulation 33 of the SEBI Listing Regulations.

The paid-up equity share capital stands at ₹1,088.42 lacs with a face value of ₹10 per share, representing an increase from ₹998.42 lacs in the corresponding period last year.