Key Events and Dates
- The Board of Directors of Chambal Breweries & Distilleries Limited approved the Draft Scheme of Amalgamation at its meeting held on 29 June 2026.
- The Board of Directors of Invade Agro Limited, at its meeting also held on 29 June 2026, deferred consideration of the agenda item relating to approval of the Scheme.
Parties Involved
- Transferor Company: Chambal Breweries & Distilleries Limited (Scrip Code: 512301, Scrip Name: CHMBBRW)
- Transferee Company: Invade Agro Limited
Reason for Deferral
The agenda papers and supporting documents for the proposed Scheme were circulated to the Directors of Invade Agro Limited shortly before the commencement of their Board Meeting, which was convened at shorter notice. The Independent Directors expressed that they had not been provided sufficient time to review and evaluate the relevant documents and information necessary to make an informed decision.
Next Steps
The proposed Scheme of Amalgamation will be taken up for consideration at forthcoming meetings of the respective Boards of Directors of both Invade Agro Limited and Chambal Breweries & Distilleries Limited.
Implementation Conditions
Implementation of the Scheme is contingent upon:
1. Approval by the Boards of both companies
2. Subsequent statutory and regulatory approvals as may be applicable