Formerly known as Banganga Paper Industries Limited (and previously Inertia Steel Limited), the company rebranded to Asgard Alcobev in late 2025 to reflect its new strategic direction. The company is building a professionally managed platform for spirits and beer in India. Its core business includes Manufacturing, marketing, and distribution of alcoholic beverages.;

CEO/MD

Mr. Ronak Jain

Founded in

2025

BSE symbol

512025

Shareholding Pattern

Mar '25

Jun '25

Sep '25

Dec '25

Feb '26

Retail And Others

72.72%

Promoters

27.28%

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ScoutQuest • 3 weeks ago

Banganga Paper Industries announces open offer to acquire 26% shares at Rs. 1.45/share. Offer aligns with preferential allotment price; Independent Directors find it fair despite negative profitability.

BSE • 3 weeks ago

Asgard Alcobev's independent directors deem the open offer by acquirers fair & reasonable. Open offer involves acquiring 26% equity at Rs. 1.45/share; reviewed on 30.03.2026.

ScoutQuest • 1 month ago

Banganga Paper's open offer plans 26% share acquisition at Rs. 1.45/share. Corrigendum revises offer closure to April 20, 2026; other terms unchanged.

ScoutQuest • 1 month ago

Banganga Paper rebrands, shifting focus from paper to alcoholic beverages. Appoints experienced MD and strengthens finance, HR leadership for growth.

BSE • 1 month ago

Santosh Baburao Ugale resigned as CFO of Banganga Paper Industries Ltd on 14.03.2026. He contributed to financial strategy, compliance, and efficiency; not related to directors or debarred by SEBI.

ScoutQuest • 1 month ago

Corrigendum issued for Banganga Paper Industries' open offer documents. Includes public announcement, statement, and draft letter for acquisition.

ScoutQuest • 2 months ago

Banganga Paper Industries sold 99.96% stake in subsidiary BPML for Rs 11.2 crore. The divestment aligns with Banganga's strategic objectives, ceasing BPML as a subsidiary.

ScoutQuest • 2 months ago

Banganga Paper approved acquiring 78.9% stake in CMJ Breweries. Issued 15.1 cr shares via swap at Rs 1.45 and 3.9 cr shares, 2.2 cr warrants for cash.

ScoutQuest • 2 months ago

Asgard Alcobev acquired 78.9% stake in CMJ Breweries via share swap. The acquisition diversifies Asgard into alcoholic beverages and expands in Northeast India.

BSE • 2 months ago

Asgard Alcobev Ltd (formerly Banganga Paper Industries Ltd) reported unaudited Q3 FY25 results, with a net profit of Rs 7.06 lakh. The delay in submitting the board meeting outcome was due to technical issues; measures are being taken to prevent future occurrences.

2026

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2025

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3
Jan
Split
Ex date
1:10
Ratio

For each share you hold, you will receive 10 shares with face value of ₹1.0 each

Split Ratio1:10

Ex date3 Jan ‘25

Record date3 Jan ‘25

Announcement date22 Oct ‘24

2024

22
Oct
Split
Announced
1:10
Ratio

For each share you hold, you will receive 10 shares with face value of ₹1.0 each

Split Ratio1:10

Ex date3 Jan ‘25

Record date3 Jan ‘25

Announcement date22 Oct ‘24

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Home>Stocks>Asgard Alcobev

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Asgard Alcobev

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3JanSplitEx date1:10Ratio

22OctSplitAnnounced1:10Ratio

About Groww

3
Jan
Split
Ex date
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22
Oct
Split
Announced
1:10
Ratio