Banganga paper industries Limited has announced the resignation of Director Mr. Chetan Karbhari Dhatrak, effective February 9, 2026. The company informed BSE Limited about this board change in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

The resignation was submitted voluntarily by Mr. Dhatrak due to personal reasons. The company has confirmed that there are no other material reasons or circumstances connected with the resignation that require disclosure to stock exchanges.

Regulatory Compliance

Banganga Paper Industries has fulfilled its disclosure obligations by submitting the required documentation to BSE Limited. The company provided the prescribed disclosure format along with a copy of the resignation letter for regulatory records.

Smooth Transition Process

In his resignation letter, Mr. Dhatrak expressed gratitude for the opportunity to serve on the board and acknowledged the support received from the board, management, and colleagues during his tenure. He confirmed that:

• No claims or dues are outstanding against the company
• He will cooperate in ensuring a smooth transition of responsibilities
• The resignation is purely due to personal circumstances

Company Background

Banganga Paper Industries Limited, formerly known as Inertia Steel Limited, is listed on BSE with scrip code 512025. The company is registered in Nashik, Maharashtra, and operates under CIN L51900MH1984PLC033082.

The board change represents a routine corporate governance matter, with the company maintaining transparency through proper regulatory disclosures and ensuring continuity in its operations.

Banganga paper industries Limited has successfully obtained approval from the Ministry of Corporate Affairs (MCA) to change its corporate name to ASGARD ALCOBEV LIMITED, marking a significant milestone in the company's corporate evolution. The approval was granted on February 09, 2026, by the Central Processing Center (CPC) of the MCA.

Official Name Change Details

The company has formally communicated this development to BSE Limited under Regulation 30 and 45 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Jitendra Rajendra Patil, Company Secretary and Compliance Officer, on February 09, 2026.

MCA Certificate and Compliance

The Certificate of Incorporation pursuant to change of name was issued by Brijesh Kain, Assistant Registrar of Companies at the Central Processing Centre. The certificate confirms that the company name has been officially changed with effect from February 09, 2026, and that the company remains a company limited by shares.

Corporate History and Transformation

The company's corporate journey reflects multiple transformations over the years. Originally incorporated as TARUN KUMAR TRADE AND EXPORT LIMITED, it later became Banganga Paper Industries Limited, and now transitions to ASGARD ALCOBEV LIMITED. This name change suggests a strategic shift in business focus, particularly given the "ALCOBEV" designation in the new name.

Next Steps and Stock Exchange Procedures

The company has indicated that it will shortly apply to the stock exchange for corresponding changes in the company name and trading symbol. As per regulatory requirements, the company must display both the old and new names at all required locations for a period of two years following the name change.

Regulatory Compliance

The name change process has been completed in full compliance with the Companies Act and SEBI regulations. The company's registered office remains at Sr. No. 186, Gavalwadi Road, Ashewadi, Ramshej, Nashik, Maharashtra 422003. All existing rights and liabilities of stakeholders remain unaffected by this corporate name change, as confirmed in the MCA certificate.