Agribio Spirits Limited, formerly known as Beekay Niryat Limited, has successfully entered into a Share Purchase Agreement (SPA) on April 2, 2025, for the acquisition of 100% equity in Solkit Distillery & Brewery Private Limited (SDBPL). This acquisition enhances Agribio Spirits’ portfolio in the liquor manufacturing sector, specifically in the production of Country Liquor (CL), Rajasthan Made Liquor (RML), and India Made Foreign Liquor (IMFL).

Details of the Acquisition

The transaction involves the acquisition of 5,00,000 equity shares, amounting to 100% of the issued and paid-up capital of Solkit Distillery & Brewery, a leading company engaged in the bottling and manufacturing of country liquor and IMFL. The acquisition cost is valued at ₹13,00,00,000 (₹13 Crore).

Upon completion of the acquisition, Solkit Distillery & Brewery will become a wholly-owned subsidiary of Agribio Spirits. This move is aimed at expanding Agribio Spirits' manufacturing capacity, particularly with 1,45,000 cases produced per month across its various liquor categories.

Key Highlights of the Transaction

• Equity Acquisition: Agribio Spirits will acquire 100% of the equity in Solkit Distillery & Brewery.

• Business Focus: Solkit Distillery specializes in bottling country liquor, Rajasthan-made liquor, and IMFL.

• Transaction Value: The acquisition is valued at ₹13 Crore.

• Wholly-Owned Subsidiary: Post-acquisition, Solkit Distillery will become a wholly-owned subsidiary of Agribio Spirits.

Background of Solkit Distillery & Brewery

Solkit Distillery & Brewery was incorporated under the Companies Act, 1956 and is based in Udaipur, Rajasthan. The company specializes in the manufacturing and bottling of Country Liquor and IMFL, with an impressive production capacity of 1,45,000 cases per month. It has been operational in the beverage industry for several years and serves as a significant player in the Rajasthan liquor market.

Regulatory Compliance

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Agribio Spirits has disclosed this acquisition in accordance with the guidelines laid out by the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Strategic Impact of the Acquisition

This acquisition aligns with Agribio Spirits’ strategy to expand its footprint in the beverages and liquor industry. By acquiring Solkit Distillery & Brewery, Agribio Spirits strengthens its position in the country liquor and IMFL manufacturing sector, paving the way for future growth and enhanced production capabilities.

Conclusion

Agribio Spirits’ acquisition of Solkit Distillery & Brewery marks a significant milestone in the company’s growth trajectory, expanding its operations in the lucrative liquor manufacturing market. This acquisition is expected to provide strategic synergies and lead to long-term operational growth, making Agribio Spirits an even more formidable player in the Indian liquor industry.

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