Outcome of the board meeting held today i.e. 14th August 2026 for approval of unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June 2026.

To, Date: August 14, 2026 The Manager (Listing), Department of Corporate Services, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400001 Subject: Outcome of Board Meeting and Intimation under Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ref: Asgard Alcobev Limited (Formerly known as Banganga Paper Industries Limited) (Scrip Code: 512025) ISIN : INE767M01029 Dear Sir/Madam, Pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held on Friday, 14th August, 2026, has inter alia considered and approved / taken note of the following matters: 1. Approval of Unaudited standalone and consolidated Financial Results The Board considered and approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended 30th June, 2026, along with the Limited Review Report thereon. The said financial results together with the Limited Review Reports are enclosed herewith as Annexure – I. The meeting of the Board of Directors commenced at 4:15 PM and concluded at 5:30 PM Kindly take the above information on your records. Thanking you, Yours faithfully, For Asgard Alcobev Limited (Formerly known as Banganga Paper Industries Limited) Ronak Jain Managing Director (DIN: 00534143) Batliboi Purohit National Insurance building, 2nd floor, D N Road, Fort, Mumbai – 400001. Chartered Accountants Tel :22077942 / 22014930; E: auditteam@bnpindia.in www.batliboipurohit.com Independent Auditor's Review Report on Unaudited Quarterly Financial Results To the Board of Directors Asgard Alcobev Limited (formerly known as Banganga Paper Industries Ltd) 1. We have reviewed the accompanying statement of standalone unaudited financial results of Asgard Alcobev Limited ('the Company') for the quarter ended June 30, 2026, (the Statement') attached herewith being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. The figures for the quarter ended June 30, 2025 included in these standalone financial results, have been reviewed by predecessor Auditor, who expressed an unmodified conclusion vide their review report dated August 11, 2025. Our conclusion is not modified in respect of the above matter. For Batliboi & Purohit Chartered Accountants Firm Registration No. 101048W Paresh Chokshi Place : Mumbai Partner Date : August 14, 2026 Membership No. 033597 UDIN: 26033597NFYBBK7512 Branches : Delhi | Navi Mumbai | Thane | Pune ASGARD ALCOBEV LIMITED (FORMELY KNOWN AS BANGANGA PAPER INDUSTRIES LIMITED) Sr. No. 186, Gavalwadi Road, Ramshej, Nashik, Maharastra, 422003 CIN - L11010MH1984PLC033082 UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 (Amount In INR Lakhs, Unless Otherwise Stated) Quarter Ended Year Ended Particulars 30.06.2026 31.03.2026 30.06.2025 31.03.2026 (Un-Audited) (Audited) (Un-Audited) (Audited) 1 Income a) Revenue from Operations - - - - b) Other Income 41.87 31.05 - 31.05 Total Income 41.87 31.05 - 31.05 2 Expenses a) Cost of Materials Consumed - - - - b) Changes in Inventories of Stock-in-trade - - - - c) Employee Benefits Expenses 15.25 0.75 0.75 3.00 d) Finance Costs - - - - e) Depreciation and Amortisation Expense - - - - f) Other Expenses 11.90 43.23 1.88 56.09 Total Expenses 27.15 43.98 2.63 59.09 3 Profit/ (Loss) before Exceptional Items and Tax (1- 14.72 ( 12.93) ( 2.63) ( 28.04) 4 Exceptional Items (refer note 8) - 101.88 - 101.88 5 Profit/(Loss) Before Tax (3-4) 14.72 88.95 ( 2.63) 73.84 6 Tax Expenses / (Credits) Including Deferred tax Current Tax 2.60 17.50 - 17.50 Deffered Tax - - - - Tax Adjustment For Earlier Year - - - - 7 Profit/ (Loss) after tax (5-6) 12.12 71.45 ( 2.63) 56.34 8 Other Comprehensive Income (I) Item that will not be reclassified to profit or loss - - - - (II) Item that will be reclassified to profit or loss - - - - Total Comprehensive Income for the period/year(7+8) 12.12 71.45 ( 2.63) 56.34 10 Paid-up Equity Share Capital (Face Value ₹ 1/-) 3 ,115.33 3 ,115.33 1 ,197.88 3 ,115.33 11 Other Equity Excluding Revaluation Reserve - - - 1,103.46 12 Earning per share(of ₹ 1/- each) (quarterly EPS not annualised) (in ₹) (a)Earnings Per Share (Basic) 0.004 0.034 ( 0.002) 0 .040 (b)Earnings Per Share (Diluted) 0.004 0.032 ( 0.002) 0 .039 Quarter Ended Year Ended Particulars 30.06.2026 31.03.2026 30.06.2025 31.03.2026 (Un-Audited) (Audited) (Un-Audited) (Audited) NOTES : 1 The above Standalone Financial Results ("the Results") of the Company have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 of the Listing Regulations. 2 The Board of Directors has not recommended any dividend for the quarter ended June 30, 2026. 3 The Audit Committee has reviewed, and the Board of Directors has approved the above results and its release at their respective meetings held on August 14, 2026. The Statutory Auditors of the Company have carried out Limited Review of the aforesaid results. 4 The Company has identified and operates only in one Business Segment "Beverages", hence does not have any reportable Segments as per Ind AS 108 "Operating Segments". 5 Other Income for the quarter ended June 30, 2026 and year ended March 31, 2026 includes Interest on Inter Corporate Loan given to Subsidiary Company (CMJ Breweries Private Limited). 6 The Bo [Showing first 8,000 characters — download PDF for full document]