Shri Bajrang Alliance Limited has announced its board's decision to initiate the disinvestment process for its partnership interest in Shri Bajrang Chemical Distillery LLP (SBCD LLP). The board meeting, held on February 10, 2026, addressed strategic financial restructuring to enhance the company's operational flexibility.

Board Decision and Strategic Rationale

The board approved the initiation of evaluation of options for disinvestment of the company's 30% partnership interest in SBCD LLP. This decision follows detailed deliberations regarding the company's current financial position and future capital requirements.

Financial Impact and Credit Considerations

The company currently holds 30% partnership interest in SBCD LLP and has extended corporate guarantees for the LLP's borrowings. The board noted that SBCD LLP's significant outstanding borrowings and the company's exposure through capital investment and corporate guarantees have impacted the company's leverage levels and credit profile.

Infomerics Valuation and Rating Pvt. Ltd. highlighted similar observations in its Credit Rating Press Release dated March 28, 2025, reinforcing concerns about the company's current financial structure.

Strategic Business Focus

The board emphasized the company's need for financial flexibility and capital resources to expand core business operations. The disinvestment decision supports the company's strategic focus on two key areas:

• Food Business expansion
• Steel Rolling Business growth

The board determined that continued long-term capital commitment and contingent liabilities related to SBCD LLP may constrain the company's ability to raise funds and optimize its capital structure for these core business segments.

Implementation Framework

The disinvestment process will be subject to several conditions and approvals:

• Valuation of the partnership interest
• Mutual discussions with SBCD LLP and its partners
• Negotiation of contractual terms
• Receipt of necessary statutory and regulatory approvals

Board Authorizations

The board has granted specific authorities to facilitate the disinvestment process:

These authorities have been granted to any Director and the Company Secretary of the company, severally.

Regulatory Compliance and Future Updates

The disclosure has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has committed to providing further updates as material developments occur during the disinvestment process.

The announcement reflects the company's proactive approach to financial management and strategic focus on core business operations while maintaining transparency with stakeholders and regulatory compliance.

Shri Bajrang Alliance Limited has fulfilled its regulatory obligations by publishing its Q3FY26 unaudited financial results in newspapers, as mandated under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the newspaper publication copies to the Bombay Stock Exchange on January 31, 2026.

Regulatory Compliance and Publication

The company published its unaudited financial results for the quarter and nine months ended December 31, 2025, in Mint and Chhattisgarh newspapers. Company Secretary and Compliance Officer Anshu Dubey confirmed the submission to BSE, ensuring compliance with disclosure requirements for all stakeholders.

Q3FY26 Financial Performance Overview

The published financial results reflect the company's performance during the quarter ended December 31, 2025. The Board of Directors approved these results during their meeting held on January 30, 2026.

Steel Division Impact

The steel plant remained non-operational from November 18, 2025 onwards due to ongoing expansion activities. This operational halt significantly impacted the quarter's production, sales, and turnover figures. The company expressed confidence that post-expansion commissioning will enable the mill to achieve significantly higher production levels and improved quality standards.

Corporate Information

Shri Bajrang Alliance Limited operates from its registered office and works at 521/C, Urla Industrial Complex, Urla, Raipur 493221 (C.G.), India. The company maintains additional business operations at Kh. No. 521/58, Dharsiwa-Tilda Road, Vill.-Tandwa, Tehsil-Tilda, Dist.-Raipur 493116 (C.G.). The company holds CIN No. L27103CT1990PLC005964 and maintains ISO 9001 quality certification.

The complete financial results are available on the company's website and stock exchange platforms for detailed review by investors and stakeholders.