Nagarjuna Agri-Tech Ltd. Completes Acquisition of Allenby Food & Beverages, Appoints CEO
Nagarjuna Agri-Tech Limited announced the completion of its acquisition of Allenby Food & Beverages Private Limited on March 20, 2026. The acquisition involved the allotment of 2,12,86,020 equity shares of Nagarjuna Agri-Tech Ltd., each with a face value of Rs. 10, at an issue price of Rs. 68 per share on a preferential basis.As per the Share SWAP Agreement, 14,19,068 equity shares of Allenby Food & Beverages Private Limited were transferred from 31 investors to Nagarjuna Agri-Tech Limited in a 15:1 ratio. This transfer resulted in Allenby Food & Beverages Private Limited becoming a 100% subsidiary of Nagarjuna Agri-Tech Limited.
The total consideration for the acquisition amounted to Rs. 144,74,49,360, representing 14,19,068 equity shares at Rs. 1,020 per share.
Board Appointments and Rescissions
The company also announced at a board meeting held on February 5, 2026, the consideration and appointment of Mr. Biswanath Bhattacharya as Chief Executive Officer (CEO). However, due to medical reasons, Mr. Bhattacharya was unable to accept the position, and the board subsequently rescinded the resolution. The CEO position currently remains vacant.Allenby Food & Beverages Overview
Allenby Food & Beverages Private Limited, headquartered in Kolkata, operates multiple production units in West Bengal and Northeast India. The company specializes in ready-to-eat products and has a diverse range of snacking and bakery offerings, including instant noodles. The company reported a turnover of Rs. 5295.77 lacs for the fiscal year 2024-25, Rs. 66 lacs for 2023-24, and Rs. 0.01 lacs for 2022-23.| Particulars | Details |
|---|---|
| Net Worth (as of 30.09.2025) | Rs. 4873 Lacs |
| Turnover (as of 31.03.2025) | Rs. 5295.77 lacs |
| Turnover (as of 31.03.2024) | Rs. 66 lacs |
| Shares Acquired | 14,19,068 Equity shares |
| Price Per Share | Rs. 1,020 (including premium of Rs. 1,010) |
| Total Consideration | Rs. 144,74,49,360 |
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