Tapovan Paper and Board Mills Limited has disclosed the acquisition of 1,30,512 equity shares representing 2.20% of agri-tech (India) Limited through a scheme of amalgamation. The acquisition was completed on January 9, 2026, following regulatory approvals and the amalgamation of multiple transferor companies.

Amalgamation Details

The acquisition stems from a comprehensive scheme of arrangement and amalgamation under sections 230 to 232 of the Companies Act, 2013. The scheme involved the amalgamation of five transferor companies with Tapovan Paper and Board Mills Limited as the transferee company. The National Company Law Tribunal, Mumbai Bench, Court-V sanctioned and approved the scheme through its order dated November 26, 2025, which was communicated on December 19, 2025.

The five transferor companies involved in the amalgamation were:

• Jeevan Farms Private Limited
• Nath Securities Limited
• Paresh Farms Private Limited
• Prabha Farms Private Limited
• Wexford Trading Company Private Limited

Share Transfer Breakdown

The 1,30,512 equity shares of Agri-Tech (India) Limited were transferred from three of the transferor companies that held stakes in the target company. The following table shows the distribution of shares transferred:

Shareholding Structure

Following the amalgamation, the promoter and promoter group shareholding structure of Agri-Tech (India) Limited shows no net change in aggregate holding. The total promoter group shareholding remains at 30.90%, representing 1,835,487 equity shares.

Company Information

Agri-Tech (India) Limited has an equity share capital of ₹5.94 crores, divided into 59,40,000 equity shares of ₹10 each. The company's shares are listed on both BSE Limited and the National Stock Exchange of India Limited. The effective date of the share transfer is January 9, 2026, being the date of filing Form INC-28 with the Registrar of Companies.

Regulatory Compliance

Tapovan Paper and Board Mills Limited has filed the disclosure pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The company emphasized that since the acquisition represents a transfer of shares among the existing promoter group, it does not result in any change to the aggregate shareholding of the promoter and promoter group of Agri-Tech (India) Limited. The actual transfer of shares will be effected in due course following the completion of necessary formalities.

Agri-Tech (India) Limited has informed stock exchanges about receiving a significant penalty order from the National Company Law Appellate Tribunal (NCALT). The company disclosed this development on January 8, 2026, in compliance with regulatory disclosure requirements.

NCALT Penalty Details

The penalty order, dated December 17, 2025, imposes a cost of ₹25,00,000 on Agri-Tech (India) Limited. This penalty arises from the company's involvement in Corporate Insolvency Resolution Process (CIRP) proceedings against Techindia Nirman Limited.

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Chief Financial Officer Rajendra Sharma signed the disclosure document, ensuring compliance with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The company provided detailed information as required under the regulatory framework, including comprehensive particulars about the penalty and its implications.

Financial Impact Assessment

The penalty order creates a direct financial impact on Agri-Tech (India) Limited's operations. The company has identified this as resulting in a loss of ₹25,00,000 to its financial position.

Stock Exchange Communication

Agri-Tech (India) Limited communicated this development to both major stock exchanges where its shares are listed. The company trades on BSE with code 537292 and on NSE with symbol AGRITECH. The disclosure ensures transparency and keeps investors informed about material developments affecting the company's financial position.