Banganga Paper Industries
49.95
-0.80(-1.58%)
Market Cap₹598.32 Cr
PE Ratio230.68
Company Performance:
1D-1.58%
1M-7.86%
6M-25.95%
1Y-41.13%
5Y+525.94%
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More news about Banganga Paper Industries
15Jan 26
Banganga Paper Industries Receives Shareholder Approval for ₹11.22 Crore Material Subsidiary Sale
Banganga Paper Industries Limited has obtained shareholder approval for selling its entire investment in a material subsidiary for ₹11.22 crores to promoter group members. The subsidiary contributed ₹58.10 crores representing 100% of company turnover in the last financial year. The related party transaction was approved through special resolution at an EGM held on January 14, 2026, with the sale agreement dated December 17, 2025.
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15Jan 26
Banganga Paper Industries Approves Name Change to Asgard Alcobev Limited
Banganga Paper Industries Limited has secured shareholder approval for a comprehensive corporate transformation, including changing its name to Asgard Alcobev Limited and expanding into alcoholic and non-alcoholic beverages manufacturing. The amendments approved at the January 14, 2026 EGM enable the company to engage in comprehensive beverages operations including distilling, brewing, bottling, and hospitality services, subject to regulatory approvals.
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15Jan 26
Banganga Paper Industries Confirms Appointment of New Statutory Auditor
Banganga Paper Industries Limited has confirmed the appointment of M/s. Batliboi & Purohit Chartered Accountants as statutory auditor for FY 2025-26, following shareholder approval at an EGM on January 14, 2026. The appointment addresses a casual vacancy caused by the resignation of previous auditor M/s. Jain Chhajed & Associates. The new auditor will serve until the 42nd Annual General Meeting conclusion.
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15Jan 26
Banganga Paper Industries Announces Major Preferential Issue Following EGM Approval
Banganga Paper Industries Limited has announced a major preferential issue following unanimous shareholder approval at its January 14, 2026 EGM. The comprehensive issue includes 15.11 crore equity shares through share swap arrangements, 6 crore shares for cash consideration, and 2.2 crore convertible warrants, totaling ₹33.79 crores. The issue targets non-promoter investors with significant allocations to the Jain family members and other strategic investors, positioning the company for growth under its new identity.
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18Dec 25
Banganga Paper Industries Draft Letter of Offer Submitted to SEBI for Open Offer
Navigant Corporate Advisors has submitted the Draft Letter of Offer to SEBI for Banganga Paper Industries' mandatory open offer, detailing the acquisition of 3.48 crore equity shares at ₹1.45 per share representing 100% of public shareholding, with comprehensive financial arrangements including ₹5.04 crore maximum consideration and detailed regulatory compliance procedures.
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17Dec 25
Banganga Paper Industries Gets Independent Directors' Nod for Major Expansion Plan
Banganga Paper Industries received approval from its Independent Directors Committee for a major preferential issue involving 10.06 crore equity shares and 2.20 crore convertible warrants at ₹1.45 per unit. This follows the board's earlier approval of a comprehensive expansion plan including a three-fold increase in authorized capital to ₹36 crores and acquisition of 78.90% stake in CMJ Breweries for ₹21.90 crores.
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16Dec 25
Banganga Paper Industries Appoints Two Independent Directors
Banganga Paper Industries Limited has appointed Mr. Venkatesh Prabhu and Mr. Ravindranathan M as Additional Directors in the category of Independent Directors, effective December 16, 2025. Both appointments are for a five-year tenure, subject to shareholder approval. Mr. Prabhu brings over 40 years of experience in the brewery, distillery, and ethanol plant EPC sector, while Mr. Ravindranathan has more than 50 years of expertise in the brewing industry. The appointments comply with regulatory requirements and aim to strengthen the company's Board of Directors.
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15Nov 25
Banganga Paper Industries Reports Mixed Q2 FY2026 Results with Consolidated Profit
Banganga Paper Industries Limited (BPIL) released Q2 FY2026 results, showing a consolidated net profit of ₹20.98 lakh and revenue of ₹2,412.03 lakh, up 42.90% year-over-year. However, standalone operations reported a loss of ₹3.14 lakh. The subsidiary, Banganga Paper Mills Limited, contributed significantly to the consolidated revenue growth. The Board of Directors approved these results in a meeting on November 15, 2025.
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12Aug 25
Banganga Paper Industries Reports Strong Q1 Performance with Enhanced Sustainability Focus
Banganga Paper Industries Limited announced Q1 financial results with a total income of ₹21.17 crore. The company reported an EBITDA of ₹1.57 crore, a net profit of ₹0.65 crore, and an EPS of ₹0.05. Key sustainability initiatives include MPCB certification until 2029, zero liquid discharge, use of refuse-derived fuel, and waste reuse practices. These measures are expected to save ₹500 per tonne of kraft paper produced. The company's Board of Directors approved the unaudited Q1 results on August 11.
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Banganga Paper Industries
49.95
-0.80
(-1.58%)
1 Year Returns:-41.13%
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