Piccadily Agro Industries Limited has officially commenced commercial production at its new distillery unit in Chhattisgarh, marking a significant milestone in the company's expansion plans. The facility began operations on December 31, 2025, as announced to the stock exchanges under regulatory compliance requirements.

Production Capacity and Operations

The newly operational Chhattisgarh distillery unit has been designed with a substantial production capacity, positioning the company for enhanced market presence.

Strategic Expansion Initiative

The commencement of operations at the Chhattisgarh facility represents a planned expansion initiative by Piccadily Agro Industries. The company has indicated that this development is expected to strengthen its manufacturing capabilities significantly. The new unit adds to the company's existing production infrastructure, enhancing its overall capacity in the alcoholic beverages sector.

Regulatory Compliance

Piccadily Agro Industries has fulfilled its disclosure obligations by informing both the National Stock Exchange and BSE Limited about this operational milestone. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory authorities.

Manufacturing Enhancement

With the Chhattisgarh unit now operational, Piccadily Agro Industries has expanded its manufacturing footprint. The 200 KLPD capacity facility is expected to contribute to the company's production capabilities and support its growth objectives in the distillery segment. The successful commencement of commercial operations demonstrates the company's ability to execute its expansion plans effectively.

Piccadily Agro Industries Limited has successfully completed its ₹211.99 crore fundraising through the conversion of 28.49 lakh Compulsorily Convertible Debentures (CCDs) into equity shares, with the newly issued shares now officially listed and trading on both NSE and BSE from December 26, 2025.

CCD Conversion Details

The conversion process involved transforming CCDs into equity shares at a predetermined price, marking a significant milestone in the company's capital structure enhancement.

Official Listing and Trading Approval

Following regulatory compliance, both NSE and BSE granted trading approval on December 24, 2025, with the shares commencing trading from December 26, 2025. The listing was executed under preferential basis pursuant to the conversion of compulsory convertible debentures.

Impact on Share Capital Structure

The conversion has substantially increased the company's equity base and paid-up capital:

Major Allottees and Investor Participation

Authum Investment and Infrastructure Limited emerged as the largest participant, receiving 4,03,225 shares worth approximately ₹30 crore. Other significant allottees included Discovery Global Opportunity (Mauritius) Ltd with 3,49,462 shares, Alchemy Emerging Leaders of Tomorrow with 2,35,215 shares, and individual investors Lashit Sanghvi and Neha L Sanghvi, each receiving 2,15,053 shares.

Regulatory Compliance and Share Rights

The entire process was conducted in accordance with SEBI regulations and the Postal Ballot dated July 30, 2024. The newly allotted equity shares carry full voting and dividend rights, ranking pari-passu with existing equity shares in all respects.

Strategic Implications

This successful conversion and subsequent listing demonstrates strong investor confidence in Piccadily Agro's business prospects. The ₹211.99 crore capital infusion strengthens the company's financial position and provides resources for operational expansion and growth initiatives in the agro-industry sector.