Nagarjuna Agri-Tech Acquires 100% Stake in Allenby Food & Beverages, Appointment of CEO Cancelled

Nagarjuna Agri-Tech Ltd has announced the acquisition of 100% stake in Allenby Food & Beverages Private Limited through a share swap agreement. The company is acquiring 14,19,068 equity shares of Allenby Food & Beverages Private Limited at an issue price of Rs. 68 per share in exchange for 2,12,86,020 equity shares of Nagarjuna Agri-Tech Limited. This acquisition has made Allenby Food & Beverages Private Limited a 100% subsidiary of Nagarjuna Agri-Tech Ltd. The acquisition was approved at the Board Meeting held on 20th March 2026. In addition, the appointment of Mr. Biswanath Bhattacharya as Chief Executive Officer (CEO) of the Company, approved at the Board meeting dated 05th February 2026, has been cancelled due to medical grounds.