Chambal Breweries & Distilleries Approves Amalgamation with Invade Agro; Releases Quarterly Results
Chambal Breweries & Distilleries Limited (CBL) has announced the approval of its draft scheme of amalgamation with Invade Agro Limited. This strategic move, which involves integrating the two companies, was approved by the Board of Directors on July 7, 2026. Concurrently, the company released its audited financial results for the quarter ended June 30, 2026.The proposed scheme involves the amalgamation of Chambal Breweries and Distilleries Limited (the Transferor Company) with Invade Agro Limited (the Transferee Company). This transaction is subject to various statutory and regulatory approvals, including those from shareholders, creditors, and the National Company Law Tribunal. The scheme was appointed on July 1, 2026.
The rationale provided for the amalgamation includes the pooling of financial resources, which will lead to centralized fund management and greater economies of scale. It is also intended to simplify operations by reducing duplicated statutory and regulatory compliances. CBL noted that the transaction is in the beneficial interest of all stakeholders.
Transaction Details and Company Profiles
As per the disclosed details, both companies involved in the scheme are engaged in extensive trading and manufacturing. The Transferee Company (Invade Agro Limited) currently holds 22.93% of the paid-up equity share capital and voting rights of CBL.Key financial metrics for both entities as of June 30, 2026 (in Rs. Lakhs), are presented below:
| Company | Paid-up Share Capital | Turnover (standalone) | Net Worth (standalone) |
|---|---|---|---|
| Chambal Breweries and Distilleries Limited | 748.87 | Nil | 84.84 |
| Invade Agro Limited | 30019.62 | 9011.40 | 30429.43 |
Regarding the share consideration for the scheme, upon its effective date, the Transferee Company will issue five fully paid-up equity shares of face value INR 10/- (Indian Rupees Ten only) each to every two fully paid-up equity shares of face value INR 10/- held by shareholders in Chambal Breweries and Distilleries Limited.
Q3 FY2026 Financial Performance Highlights
The Board reviewed and approved the audited financial results for the quarter ended June 30, 2026. The company's performance metrics for the quarter included:- Total Income: 1.08] (Rs. in Lakhs)
- Total Expenses: 5.96] (Rs. in Lakhs)
- Profit before exceptional items and tax: 468] (Rs. in Lakhs)
The company's financial health was also assessed through the Statement of Assets and Liabilities for the quarter. Key balance sheet data points included:
| Particulars | As at June 30, 2026 |
|---|---|
| Total Current Assets | 86.07] (Rs. in Lakhs) |
| Total Equity attributable to owners of parent | 84.85] (Rs. in Lakhs) |
The results were reviewed and approved by the Board of Directors, and the financial statements were audited in accordance with Indian Accounting Standards (Ind AS).
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