Asgard Alcobev Share Price Locked in 10% Upper Circuit ; Company Announces Strategic Beer Manufacturing Alliance
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The stock price has surged over 512 per cent in last 5 years. The stock has delivered over 59.99 per cent returns from its 52-week low of Rs 32.11 per share.
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On Wednesday, shares of Banganga Paper Industries Ltd jumped 9.58 per cent to Rs 51.38 per share from its previous closing of Rs 46.89 per share. The stock’s 52-week high is Rs 90.27 per share, and its 52-week low is Rs 32.11 per share. During the session, the stock surged nearly 13.05 per cent to its Intraday high of Rs 53.01 per share. As of 11:49 IST, the stock is locked in a 10 per cent Upper Circuit.
Asgard Alcobev Ltd (formerly known as Banganga Paper Industries Ltd) has announced a strategic manufacturing alliance through its subsidiary, CMJ Breweries Private Ltd, with Brews & Bliss LLP. The agreement aims to revive and expand the presence of the iconic Golden Eagle beer portfolio of Mohan Meakin Ltd across the North East region and Bhutan.
The partnership brings together manufacturing strength and market execution capabilities, enabling CMJ Breweries to produce Golden Eagle beers at its facility in Byrnihat, Meghalaya. Brews & Bliss LLP, which holds exclusive rights from Mohan Meakin Ltd to manufacture, market, and sell the specified brands, will manage commercial operations and market coordination.
Under the agreement, CMJ Breweries will manufacture four variants—Golden Eagle Strong, Golden Eagle Mild, Golden Eagle Premium Strong, and Golden Eagle Premium Mild. The covered territory includes Meghalaya, Tripura, Assam, Arunachal Pradesh, Sikkim, Manipur, Mizoram, Nagaland, and Bhutan, with potential expansion into additional markets through mutual consent.
The agreement will be effective from 1 April 2026 to 31 March 2029, with a 12-month lock-in period tied to minimum guaranteed production volumes. This provides stability for production planning and ensures consistent market supply during the initial phase.
CMJ Breweries will handle end-to-end manufacturing operations, including brewing, bottling, storage, loading, and quality assurance. Brews & Bliss LLP will oversee working capital funding through a dedicated collection account, along with procurement of materials, brand-related costs, excise registrations, and regional market execution.
The collaboration establishes a structured operating framework covering production planning, dispatch protocols, quality standards, trademark usage, payment mechanisms, and statutory compliance. The alliance is expected to significantly enhance the availability and reach of Golden Eagle beer in the North East, leveraging operational efficiency and manufacturing scale.
Mohan Meakin Ltd, one of India’s oldest beverage companies with a legacy dating back to 1855, is known for brands such as Golden Eagle Beer and Old Monk Rum. Brews & Bliss LLP focuses on marketing and sales of beer products in India, while CMJ Breweries operates one of Northeast India’s most advanced contract brewing facilities, catering to major domestic and international brands.
Asgard Alcobev Ltd is transitioning into the alcoholic beverages sector through strategic investments and acquisitions, aiming to build a scalable and professionally managed alcobev platform in India.
The company has a market cap of over Rs 300 crore. The stock price has surged over 512 per cent in last 5 years. The stock has delivered over 59.99 per cent returns from its 52-week low of Rs 32.11 per share.
Disclaimer: The article is for informational purposes only and not investment advice.