The agreement, dated June 05, 2026, was executed with United Spirits Limited, identified as a Diageo Group company. The subject of the agreement is the purchase of an operational alcohol beverage (alcobev) production unit situated at Gopalpur, Odisha.
The total consideration for the acquisition is ₹22.50 Crores. This amount is exclusive of applicable taxes, registration charges, and stamp duty. The assets being acquired include land, building, plant & machinery, along with premium excise licenses pertaining to the production unit.
As part of the agreement terms, the company has paid an advance of ₹1.00 Crore. This advance amount is inclusive of applicable TDS (Tax Deducted at Source).
The acquired production unit has an installed production capacity of approximately 250,000 cases per month. The company states that this transaction represents a significant step in its growth and expansion strategy.
Upon completion of the transaction, the company expects to significantly strengthen its manufacturing capabilities and establish a robust platform for future growth.
The disclosure is addressed to the Department of Corporate Services, BSE Limited, and is signed by Sachin H Singh Rawat, identified as CFO & Company Secretary.