ASGARD ALCOBEV LIMITED — Proxy Solicitation & Information Statement 2026

Mar 27, 2026

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Date: 27-03-2026

To, BSE Limited Listing Department Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, Mumbai - 400 001

Scrip Code: 512025 ISIN: INE767M01029

Dear Sir/Madam

Sub: Notice of Postal Ballot and e-Voting

We enclose herewith a copy of the Notice of Postal Ballot of Asgard Alcobev Limited (Formerly known as Banganga Paper Industries Limited) (the “Company”’) along with the Explanatory Statement pursuant to the applicable provisions of the Companies Act, 2013 read with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“Notice”), seeking approval of the Members of the Company on the Resolutions forming part of the Notice.

In accordance with circulars issued by Ministry of Corporate Affairs (MCA), from time to time, this Notice is being sent only by electronic mode to the Members whose names appear on the Register of Members / list of Bene�icial Owners as on Friday, 20[th] March, 2026 (“cut-off date”) and whose e-mail addresses are registered with the Company / Registrar and Transfer Agent (“RTA”) / Depositories. As per the provisions of the MCA Circulars, Members can vote only through the remote e-voting process.

The Company has engaged the services of Central Depository Service limited (“CDSL”) to provide remote e-voting facility. The voting rights shall be reckoned on the paid-up value of the shares registered in the names of the equity shareholders as on cut-off date. The procedure for remote e-voting is detailed in the Notes to the Notice.

The remote e-voting period shall commence from Saturday, 28[th] March, 2026 at 10:00 a.m. (IST) and concludes on Sunday, 26[th] April, 2026 at 05:00 p.m. (IST). The remote e-voting facility shall be disabled by CDSL thereafter. The result of the Postal Ballot will be declared within two working days.

The notice also uploaded on company website : www.asgardalcobev.com

Kindly take the same in your record

Thanking you,

For ASGARD ALCOBEV LIMITED. (Formerly known as Banganga Paper Industries Limited)

Jitendra Digitally signed by Jitendra Rajendra Patil Rajendra Patil Date: 2026.03.27 19:34:39 +05'30'

JITENDRA RAJENDRA PATIL Company Secretary (Membership No. 39055)

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NOTICE OF POSTAL BALLOT AND ELECTRONIC VOTING (E-VOTING) TO THE SHAREHOLDERS

[PURSUANT TO SECTIONS 108 AND 110 OF THE COMPANIES ACT, 2013 READ WITH RULE 20 AND 22 OF THE COMPANIES (MANAGEMENT AND ADMINISTRATION) RULES, 2014 AND SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 AS AMENDED FROM TIME TO TIME]

Dear Member(s),

Notice is hereby given that pursuant to the provisions of Section 108 read with Section 110 and all other applicable provisions, if any, of the Companies Act, 2013, (“the Act”) , read together with the Companies (Management and Administration) Rules, 2014, General Circular Nos. 14/2020 dated April 8, 2020, 17/2020 dated April 13, 2020, 22/2020 dated June 15, 2020, 33/2020 dated September 28, 2020, 39/2020 dated December 31, 2020, 10/2021 dated June 23, 2021, 20/2021 dated December 8, 2021, 3/2022 dated May 5, 2022, 11/2022 dated December 28, 2022, 09/2023 dated September 25, 2023 and 09/2024 dated September 19, 2024, issued by the Ministry of Corporate Affairs (“MCA Circulars”) , Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) , Secretarial Standard – SS-2 on General Meetings issued by the Institute of Company Secretaries of India and subject to other applicable laws, rules and regulations, if any, including any statutory modification or re-enactment thereof for the time being in force, that the Ordinary Resolution set out below is proposed to be passed by the members of Asgard Alcobev Limited (“the Company”) by means of Postal Ballot, only by way of remote E-Voting (“Postal Ballot”) as a matter of Special Business. An Explanatory Statement pursuant to Section 102(1), 110 and all other applicable provisions of the Act and Rules made thereunder pertaining to the said Resolution setting out the material facts concerning the said agenda item and the reasons thereof is annexed to the Postal Ballot Notice (the “Notice”) .

In compliance with the MCA Circulars, the Company is sending the Notice only by email to all its members who have registered their email addresses with the Company/RTA of the Company and /or depository participant(s) and whose names appear in the Register of Members / List of Beneficial Owners of the Company provided by the Depositories as on Friday, March 20, 2026 (i.e. the “ Cut-off Date ”).

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In compliance with Regulation 44 of the SEBI Listing Regulations and pursuant to the provisions of Sections 108 and 110 of the Act read with the Rules framed thereunder and the MCA Circulars, the manner of voting on the proposed resolution is restricted only to e-voting i.e. by casting votes electronically instead of submitting postal ballot forms. The instructions for e-voting are appended to this Notice.

The Company has engaged the services of Central Depository Services (India) Limited (CDSL) as the agency to provide e-voting facility. Members are requested to read the instructions in the Notes in this Notice so as to cast their votes electronically not later than 17:00 Hrs. IST on Sunday, April 26, 2026 (the last day to cast vote electronically) to be eligible for being considered. The e-voting shall commence at 10:00 Hrs. IST on Saturday, March 28, 2026 and end at 17:00 Hrs. IST on Sunday, April 26, 2026.

Pursuant to Rule 22 of the Companies (Management and Administration) Rules, 2014, the Board of Directors on March 19, 2026 has appointed Mr. Krishna Rathi, Proprietor of Krishna Rathi and Associates, Practicing Company Secretaries, Mumbai, Maharashtra, India (Membership No. 9359 & Certificate of Practice No. 10079) as the Scrutinizer for conducting the E-Voting/Postal Ballot process in a fair and transparent manner. He has communicated his willingness for his appointment and will be available for the said purpose. The Scrutinizer's decision on the validity of the Postal Ballot shall be final.

The Scrutinizer will submit his report, after the completion of scrutiny, to the Chairman and/or Managing Directors of the Company or any person authorized by him/them. The results of the Postal Ballot/E‐voting shall be declared within 2 (two) working days from the conclusion of remote e‐voting and the same, along with the Scrutinizer’s Report, will be communicated to the Stock Exchanges and will also be placed on the website of the Company at www.asgardalcobev.com and the website of CDSL. The Company will also display the results of the Postal Ballot at its Registered Office and Corporate Office.

The proposed Ordinary Resolution, if approved, will be taken as having duly passed on the last date specified for e-voting by the requisite majority of Members by means of Postal Ballot, i.e. Sunday, April 26, 2026.

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PROPOSED RESOLUTION SPECIAL BUSINESS:

Item No. 1

Appointment of Mr. Ronak Jain (DIN: 00534143) As Managing Director (Executive Director) of the Company

To consider and if thought fit, to pass the following Resolution as a Special Resolution : - “RESOLVED THAT in accordance with the provisions of Sections 196, 197, 198 and 203 read with Schedule V and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force) and the provisions of Articles of Association and all other applicable rules, laws and acts (if any) and subject to all other requisite approvals, permissions and sanctions and subject to such conditions as may be prescribed by any of the concerned authorities (if any) while granting such approvals as may be applicable, on the recommendation of Nomination & Remuneration Committee and Board of Directors, the consent of the members be and is hereby accorded for the appointment of Mr. Ronak Jain (DIN: 00534143), as Managing Director of the Company, for a period of 5 (Five) years with effect from 19[th] March, 2026 upto 18[th] March, 2031.

RESOLVED FURTHER THAT basis the recommendation of Nomination and Remuneration Committee and Audit Committee, the consent of the Board of Directors be and is hereby accorded for payment of remuneration to Mr. Ronak Jain, subject to a maximum limit of Rs. 3,00,000/(Rupees Three Lakhs only) per Month for the period commencing from 19[th] March, 2026 upto 18[th] March, 2031. as follows:

1. Remuneration: up to Rs. 3,00,000/- per Month (Rupees Three Lakh only).

1. Perquisites: Free use of company’s car with driver for company’s business.

2. Reimbursement: he shall also be entitled to reimbursement of expenses on actual basis which are incurred for business of the company.

3. Sitting Fee etc.: No sitting fee shall be paid to him for attending the meetings of Board of Directors or any committee thereof.

5. Other Terms & Conditions:

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If at any time Mr. Ronak Jain ceases to be Director of the company for any reason whatsoever, he shall cease to be the Managing Director of the Company.

The terms & conditions as above including remuneration, may be altered / varied from time to time by the Board of Directors as it may, in its absolute discretion, deem fit within the maximum amount payable to the appointee in accordance with Schedule V annexed to the Act, as may be amended from time to time or any other relevant Statutory enactment(s) thereof in this regard, subject to the same not exceeding limits as specified in the said resolution.

He shall be liable to retire by rotation.

RESOLVED FURTHER THAT in the event of any statutory amendment, modification or relaxation by Central Government to Schedule V of the Act or any other relevant Statutory enactment(s) thereof in this regard, the Board of Directors of the Company be and is hereby authorized to vary or increase the remuneration including salary, commission, perquisites, allowances, etc. within such prescribed limit subject to that the same does not exceed the ceiling limit as provided in the said resolution and the said terms of appointment of Mr. Ronak Jain , as Managing Director of the company, be suitably amended to give effect to such modification, relaxation or variation without any further reference to the members of the Company for their approval in the general meeting.

RESOLVED FURTHER THAT where in any financial year during the tenure of the appointee, the Company has no profits or its profits are inadequate, the Company may pay to the appointee, the above remuneration as the minimum remuneration by way of salary, perquisites, other allowances, benefits and Performance Pay as specified above, for a period not exceeding 3 (three) years or such other period as may be statutorily permitted, subject to receipt of the requisite approvals, if any.

RESOLVED FURTHER THAT the Board of Directors of the Company be and is hereby authorized to settle any question, difficulty or doubt that may arise in giving effect to this resolution and to do all such acts, deeds, matters and things and take all such steps as may be necessary, proper or expedient to give effect to this resolution."

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Item No. 2

Appointment of Mrs. Priyanka Jain (DIN: 11368800) as Non-Executive NonIndependent Director of the Company

To consider and if thought fit, to pass, the following Resolution as an Ordinary Resolution : -

“RESOLVED THAT pursuant to the provisions of Sections 149, 152 and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) read with the Companies (Appointment and Qualification of Directors) Rules, 2014 and applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including any statutory modification(s) or re-enactment thereof for the time being in force, and based on the recommendation of the Nomination and Remuneration Committee and approval of the Board of Directors, Mrs. Priyanka Jain (DIN: 11368800) , who was appointed as an Additional Director of the Company under Section 161 of the Companies Act, 2013. and in respect of whom the Company has received a notice in writing under Section 160 of the Act proposing her candidature for the office of Director, be and is hereby appointed as a Non-Executive Non-Independent Director of the Company, liable to retire by rotation.”

RESOLVED FURTHER THAT the Board of Directors (including any Committee thereof) be and is hereby authorized to do all such acts, deeds, matters and things as may be necessary, proper or expedient to give effect to this resolution and to file necessary forms with the Registrar of Companies and other regulatory authorities.”

Item No. 3: Appointment of Mr. Binit Singhania (DIN: 11590417) as Finance Director of the Company

To consider and if thought fit, to pass, the following Resolution as an Ordinary Resolution :

-

“RESOLVED THAT pursuant to the provisions of Sections 149,152 and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Schedule V of the Act (including any statutory modification(s) or re-enactment thereof for the time being in force), and pursuant to applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, if applicable, the consent of the Members of the Company be and is hereby accorded for the appointment of Mr. Binit Singhania (DIN: 11590417) as Finance Director (Executive, Non- Independent) and CFO of the

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Company who was appointed as an Additional Director of the Company under Section 161 of the Companies Act, 2013. and in respect of whom the Company has received a notice in writing under Section 160 of the Act proposing his candidature for the office of Director, liable to retire by rotation.”.

RESOLVED FURTHER THAT the remuneration payable to Mr. Binit Singhania shall be in accordance with the provisions of Section 197 read with Schedule V of the Companies Act, 2013, and in the event of absence or inadequacy of profits in any financial year, the Company may pay remuneration to him as minimum remuneration in accordance with the provisions of Schedule V of the Act.

RESOLVED FURTHER THAT the Board of Directors (including any Committee thereof) be and is hereby authorized to alter, vary, modify or revise the terms and conditions of appointment and remuneration of Mr. Binit Singhania, from time to time, within the limits prescribed under applicable provisions of the Companies Act, 2013.

RESOLVED FURTHER THAT any Director and/or Company Secretary of the Company be and are hereby severally authorized to do all such acts, deeds, matters and things as may be necessary, proper or expedient to give effect to this resolution, including filing of necessary forms with the Registrar of Companies and making necessary disclosures to Stock Exchange(s), if applicable.”

Item No. 4 Appointment of Mr. Keshava Lakshminarayana Patkar (DIN: 07672085), as an Independent Director of the Company

To consider and, if thought fit, to pass the following Resolution as a Special Resolution:

“RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152, 160, 161, read with Schedule IV and other applicable provisions, if any, of the Companies Act, 2013 (‘Act’) and the Companies (Appointment and Qualification of Directors) Rules, 2014 as well as other Rules made thereunder and pursuant to applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), as amended (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), the provisions of the Articles of Association of the Company and based on the recommendation of the Nomination and Remuneration Committee and approval of the Board of Directors of the Company, Mr. Keshava Lakshminarayana Patkar(DIN: 07672085) , who was appointed as an Additional Director of the Company, under the

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category of Independent Director with effect from February 02, 2026, and who has submitted a declaration that he meets the criteria of independence under Section 149(6) of the Act read with Rules framed thereunder and Regulation 16(1)(b) of the Listing Regulations and is eligible for appointment under the provisions of the Act, read with the Rules made thereunder and the applicable provisions of Listing Regulations, and in respect of whom the Company has received a notice in writing under Section 160(1) of the Act proposing his candidature for the office of an Independent Director, be and is hereby appointed as an Independent Director (under Non-Executive category) of the Company, to hold office for a term of five consecutive years i.e., from February 02, 2026 till February 01, 2031 and not liable to retire by rotation.

“RESOLVED FURTHER THAT pursuant to the provisions of Regulation 17 (1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mr. Keshava Lakshminarayana Patkar be continued as an Independent Director (under NonExecutive category) of the Company for the said term of 5 years”

“RESOLVED FURTHER THAT any Director, CFO and the Company Secretary be and are hereby severally authorized to do all such acts, deeds, matters and things and execute all documents or writings as may be necessary, desirable or expedient to give effect to the above resolutions, including completing necessary filings with the relevant regulatory authorities regarding such appointment.”

Item No. 5: Appointment of Mr. Swaminathan Muralidharan (DIN:11499464) as an Executive Director of the Company

To consider and if thought fit, to pass, the following Resolution as an Ordinary Resolution :

-

“RESOLVED THAT pursuant to the provisions of Sections 149,152 and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Schedule V of the Act (including any statutory modification(s) or re-enactment thereof for the time being in force), and pursuant to applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, if applicable, the consent of the Members of the Company be and is hereby accorded for the appointment of Mr. Swaminathan Muralidharan (DIN:11499464) as Director (Executive, Non Independent) of the Company who was appointed as an Additional Director of the Company under Section 161 of the Companies Act, 2013 and in respect of whom the Company has received a notice in

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writing under Section 160 of the Act proposing her candidature for the office of Director, liable to retire by rotation.”

RESOLVED FURTHER THAT the remuneration payable to Mr. Swaminathan Muralidharan (DIN:11499464) shall be in accordance with the provisions of Section 197 read with Schedule V of the Companies Act, 2013, and in the event of absence or inadequacy of profits in any financial year, the Company may pay remuneration to him as minimum remuneration in accordance with the provisions of Schedule V of the Act.

RESOLVED FURTHER THAT the Board of Directors (including any Committee thereof) be and is hereby authorized to alter, vary, modify or revise the terms and conditions of appointment and remuneration of Mr. Swaminathan Muralidharan , from time to time, within the limits prescribed under applicable provisions of the Companies Act, 2013.

RESOLVED FURTHER THAT any Director and/or Company Secretary of the Company be and are hereby severally authorized to do all such acts, deeds, matters and things as may be necessary, proper or expedient to give effect to this resolution, including filing of necessary forms with the Registrar of Companies and making necessary disclosures to Stock Exchange(s), if applicable.”

By Order of the Board of Directors For Asgard Alcobev Limited

Sd/-

Place: Nashik (Jitendra Rajendra Patil) Date: 19[th] March, 2026 Company Secretary

Registered Office:

Sr. No. 186, Gavalwadi Road, Ashewadi, Ramshej, Nashik, Maharashtra 422003 CIN: L11010MH1984PLC033082 Website: www.asgardalcobev.com E-mail: info@asgardalcobev.com Ph No.: (+91) 8974948035

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Notes:

• (I) An Explanatory Statement pursuant to Section 102 read with Section 110 of the Act and the Companies (Management and Administration) Rules, 2014, Secretarial Standard – SS 2 and all other applicable provisions, if any of the Act read with the Rules framed thereunder setting out material facts relating to the resolution mentioned in this Postal Ballot Notice is attached.

• (II) As per Sections 108, 110 and all other applicable provisions of the Act read with Rule 20 & 22 of the Rules, cut-off date for the purpose of reckoning the voting rights and sending the Notice is Friday, March 20, 2026 (“Cut-off date”). A person who is not a member as on the Cut-off date should treat the Notice for information purpose only. Physical copies of this Notice along with postal ballot forms and prepaid business reply envelopes are not sent to members.

In accordance with the MCA Circulars, the Notice along with the instructions regarding e-voting is being sent only by email to all those members, whose email addresses are registered with the Company/RTA of the Company or with the depository (ies) / depository participants and whose names appear in the register of members / list of beneficial owners as on the Cut- off Date.

• (III) The Voting rights of Members/Beneficial Owners shall be in proportion to their shareholding in the paid-up equity share capital of the Company as on Friday, March 20, 2026 (Cut-Off Date).

• (IV) The e-voting shall commence at 10:00 Hrs. IST on Saturday, March 28, 2026 and end at 17:00 Hrs. IST on Sunday, April 26, 2026. The e-voting module shall be disabled by CDSL for voting thereafter. During this period, the members of the Company (including those members who may not have received the Notice due to non-registration of their email address with the Company or the Depositories) holding shares in physical form or dematerialized form as on the Cutoff Date, may cast their vote by electronic means in the manner as set out here in Note No. (VIII) below. Once the vote on a resolution is cast by the member, the member shall not be allowed to change it subsequently.

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• (V) The Notice shall also be uploaded on the website of the Company at www.asgardalcobev.com, websites of National Stock Exchange of India Limited at www.nseindia.com and BSE Limited at www.bseindia.com and on the website of Central Depository Services (India) Limited (CDSL) at https://www.evotingindia.com.

• (VI) The Resolutions, if approved by the requisite majority through Postal Ballot, shall be deemed to have been duly passed on Sunday, April 26, 2026 i.e. the last date specified by the Company for receipt of votes through the Remote e- Voting process.

• (VII) As required by Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014 read with the MCA Circulars and the Listing Regulations, the details pertaining to this Postal Ballot will be published in one English newspaper having countrywide circulation and vernacular newspaper in the principal vernacular language.

(VIII) VOTING THROUGH ELECTRONIC MEANS:

In compliance with provision of Section 108, 110 and all other applicable provisions of the Act read with Rules framed thereunder, Regulation 44 of the Listing Regulations and Secretarial Standard General Guidelines SS-2, the Company is pleased to provide e-voting facility to all its members, to enable them to cast their vote electronically instead of dispatching the physical Postal Ballot form by post. The Company has engaged the services of CDSL for the purpose of providing e-voting facility to all its members. The instructions for e-voting are as under:

The e-voting shall commence at 10:00 Hrs. IST on Saturday, March 28, 2026 and end at 17:00 Hrs. IST on Sunday, April 26, 2026. During this period, Members of the Company holding shares either in physical form or in demat form, as on the cutoff Date i.e. Friday, March 20, 2026, may cast their vote electronically. The e- voting module shall be disabled by CDSL for voting thereafter and the voting shall not be allowed beyond the said date and time.

THE E-VOTING INSTRUCTIONS TO THE SHAREHOLDERS FOR REMOTE E- VOTING ARE EXPLAINED AS MENTIONED BELOW:

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Step 1 : Access through Depositories CDSL/NSDL e-Voting system in case of individual shareholders holding shares in demat mode.

Step 2 : Access through CDSL e-Voting system in case of shareholders holding shares in physical mode and non-individual shareholders in demat mode.

• i. The e-voting shall commence at 10:00 Hrs. IST on Saturday, March 28, 2026 and end at 17:00 Hrs. IST on Sunday, April 26, 2026. During this period Shareholders of the Company, holding shares either in physical form or in dematerialized form, as on the cut-off Date (record date) of Friday, March 20, 2026 may cast their vote electronically. The e-voting module shall be disabled by CDSL for voting thereafter.

• ii. Pursuant to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, under Regulation 44 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, listed entities are required to provide remote e-voting facility to its shareholders, in respect of all shareholders’ resolutions. However, it has been observed that the participation by the public non-institutional shareholders/retail shareholders is at a negligible level.

Currently, there are multiple e-voting service providers (ESPs) providing e-voting facility to listed entities in India. This necessitates registration on various ESPs and maintenance of multiple user IDs and passwords by the shareholders.

In order to increase the efficiency of the voting process, pursuant to a public consultation, it has been decided to enable e-voting to all the demat account holders, by way of a single login credential, through their demat accounts/ websites of Depositories/ Depository Participants. Demat account holders would be able to cast their vote without having to register again with the ESPs, thereby, not only facilitating seamless authentication but also enhancing ease and convenience of participating in e-voting process.

Step 1 : Access through Depositories CDSL/NSDL e-Voting system in case of individual shareholders holding shares in demat mode.

• iii. In terms of SEBI circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 on e-Voting facility provided by Listed Companies, Individual

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shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and email Id in their demat accounts in order to access e-Voting facility.

Pursuant to above said SEBI Circular, Login method for e-Voting for Individual shareholders holding securities in Demat mode CDSL/NSDL is given below:

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Type of Login Method
shareholders
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shareholders holding securities in Demat mode CDSL/NSDL is given below:	shareholders holding securities in Demat mode CDSL/NSDL is given below:
Type of shareholders Login Method
Individual Shareholders holding securities in Demat mode with CDSL Depository	1) Users who have opted for CDSL Easi / Easiest facility, can login through their existing user id and password. Option will be made available to reach e-Voting page without any further authentication. The users to login to Easi / Easiest are requested to visit CDSL website www.cdslindia.com and click on login icon & New System Myeasi Tab. 2) After successful login, the Easi / Easiest user will be able to see the e-Voting option for eligible companies where the e-voting is in progress as per the information provided by Company. On clicking the e-voting option, the user will be able to see e-Voting page of the e-Voting service provider for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting. Additionally, there is also links provided to access the system of all e-Voting Service Providers, so that the user can visit the e-Voting service providers’ website directly. 3) If the user is not registered for Easi/Easiest, option to register is available at CDSL website www.cdslindia.com and click on login & New System Myeasi Tab and then click on registration option. 4) Alternatively, the user can directly access e-Voting page by providing Demat Account Number and PAN No. from e-Voting link available on www.cdslindia.com home page. The system will authenticate the user by sending OTP on registered Mobile & Email as recorded in the Demat Account. After successful authentication, user will be able to see the e-Voting option where the e-voting is in

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progress and also able to directly access the system of all
e-Voting Service Providers.
Individual 1) If you are already registered for NSDL IDeAS facility,
Shareholders please visit the e-Services website of NSDL. Open web
holding securities in browser by typing the following URL:
demat mode with https://eservices.nsdl.com either on a Personal Computer
NSDL Depository or on a mobile. Once the home page of e-Services is
launched, click on the “Beneficial Owner” icon under
“Login” which is available under ‘IDeAS’ section. A new
screen will open. You will have to enter your User ID and
Password. After successful authentication, you will be
able to see e-Voting services. Click on “Access to e-
Voting” under e-Voting services and you will be able to
see e-Voting page. Click on Company name or e-Voting
service provider name and you will be re-directed to e-
Voting service provider website for casting your vote
during the remote e-Voting period.
2) If the user is not registered for IDeAS e-Services, option
to register is available at https://eservices.nsdl.com. Select
“Register Online for IDeAS “Portal or click at
https://eservices.nsdl.com/SecureWeb/IdeasDirectReg.jsp
3) Visit the e-Voting website of NSDL. Open web browser
by typing the following URL:
https://www.evoting.nsdl.com/ either on a Personal
Computer or on a mobile. Once the home page of e-Voting
system is launched, click on the icon “Login” which is
available under ‘Shareholder/Member’ section. A new
screen will open. You will have to enter your User ID (i.e.
your sixteen digit demat account number hold with
NSDL), Password/OTP and a Verification Code as shown
on the screen. After successful authentication, you will be
redirected to NSDL Depository site wherein you can see
e-Voting page. Click on Company name or e-Voting
service provider name and you will be redirected to e-
Voting service provider website for casting your vote
-
during the remote e Voting period.
Individual You can also login using the login credentials of your
Shareholders demat account through your Depository Participant
(holding securities registered with NSDL/CDSL for e-Voting facility. After
in demat mode) successful login, you will be able to see e-Voting option.
-
login through their Once you click on e Voting option, you will be redirected
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Depository Participants (DP)	to NSDL/CDSL Depository site after successful authentication, wherein you can see e-Voting feature. Click on Company name or e-Voting service provider name and you will be redirected to e-Voting service provider website for casting your vote during the remote e-Voting period.

Important note: Members who are unable to retrieve User ID/ Password are advised to use Forget User ID and Forget Password option available at abovementioned website.

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. CDSL and NSDL.

Login type	Helpdesk details
Individual Shareholders holding securities in Demat mode withCDSL	Members facing any technical issue in login can contact CDSL helpdesk by sending a request at helpdesk.evoting@cdslindia.com or contact at toll free no. 1800 21 099 11.
Individual Shareholders holding securities in Demat mode withNSDL	Members facing any technical issue in login can contact NSDL helpdesk by sending a request at evoting@nsdl.co.in or call at : 1800 1020 990 and 1800 22 44 30.

Step 2 : Access through CDSL e-Voting system in case of shareholders holding shares in physical mode and non-individual shareholders in demat mode.

iv. Login method for Remote e-Voting for Physical shareholders and shareholders other than individual holding in Demat form.

• 1) The shareholders should log on to the e-voting website www.evotingindia.com.

2) Click on “Shareholders” module.

3) Now enter your User ID

• For CDSL: 16 digits beneficiary ID,

• For NSDL: 8 Character DP ID followed by 8 Digits Client ID,

• Shareholders holding shares in Physical Form should enter Folio Number registered with the Company.

• 4) Next enter the Image Verification as displayed and Click on Login.

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• 5)If you are holding shares in demat form and had logged on to www.evotingindia.com and voted on an earlier e-voting of any Company, then your existing password is to be used.

• 6) If you are a first-time user follow the steps given below:

	For Physical shareholders and other than individual shareholders holding shares in Demat.
PAN	Enter your 10 digit alpha-numeric *PAN issued by Income Tax Department (Applicable for both demat shareholders as well as physical shareholders)  Shareholders who have not updated their PAN with the Company/Depository Participant are requested to use the sequence number sent by Company/RTA or contact Company/RTA.
Dividend Bank DetailsORDate of Birth (DOB)	Enter the Dividend Bank Details or Date of Birth (in dd/mm/yyyy format) as recorded in your demat account or in the Company records in order to login.  If both the details are not recorded with the depository or Company, please enter the member id / folio number in the DividendBankdetailsfield.

• v. After entering these details appropriately, click on “SUBMIT” tab.

• vi. Shareholders holding shares in physical form will then directly reach the Company selection screen. However, shareholders holding shares in demat form will now reach ‘Password Creation’ menu wherein they are required to mandatorily enter their login password in the new password field. Kindly note that this password is to be also used by the demat holders for voting for resolutions of any other Company on which they are eligible to vote, provided that Company opts for e-voting through CDSL platform. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential.

• vii. For shareholders holding shares in physical form, the details can be used only for e-voting on the resolutions contained in this Notice.

• viii. Click on the EVSN of Asgard Alcobev Limited/Banganga Paper Industries Limited/Inertia Steel Limited on which you choose to vote.

• ix. On the voting page, you will see “RESOLUTION DESCRIPTION” and against the same the option “YES/NO” for voting. Select the option YES or NO as desired. The option YES implies that you assent to the Resolution and option NO implies that you dissent to the Resolution.

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• x. Click on the “RESOLUTIONS FILE LINK” if you wish to view the entire Resolution details.

• xi. After selecting the resolution, you have decided to vote on, click on “SUBMIT”. A confirmation box will be displayed. If you wish to confirm your vote, click on “OK”, else to change your vote, click on “CANCEL” and accordingly modify your vote.

• xii. Once you “CONFIRM” your vote on the resolution, you will not be allowed to modify your vote.

• xiii. You can also take a print of the votes cast by clicking on “Click here to print” option on the Voting page.

• xiv.If a demat account holder has forgotten the login password then Enter the User ID and the image verification code and click on Forgot Password & enter the details as prompted by the system.

• xv. There is also an optional provision to upload BR/POA if any uploaded, which will be made available to scrutinizer for verification.

• xvi. Additional Facility for Non – Individual Shareholders and Custodians – For Remote Voting only.

• Non-Individual shareholders (i.e. other than Individuals, HUFs, NRIs etc.) and Custodians are required to log on to www.evotingindia.com and register themselves in the “Corporates” module.

• A scanned copy of the Registration Form bearing the stamp and sign of the entity should be emailed to helpdesk.evoting@cdslindia.com.

• After receiving the login details, a Compliance User should be created using the admin login and password. The Compliance User would be able to link the account(s) for which they wish to vote on.

• The list of accounts linked in the login will be mapped automatically & can be delinked in case of any wrong mapping.

• It is Mandatory that, a scanned copy of the Board Resolution and Power of Attorney (POA) which they have issued in favour of the Custodian, if any, should be uploaded in PDF format in the system for the scrutinizer to verify the same.

• Alternatively, Non Individual shareholders are required mandatory to send the relevant Board Resolution/ Authority letter etc. together with attested specimen signature of the duly authorized signatory who are authorized to vote, to the Scrutinizer and to the Company at the email address viz.; info@asgardalcobev.com (designated email address of the Company), if they have voted from individual tab & not uploaded same in the CDSL e-voting system for the scrutinizer to verify the same.

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PROCESS FOR THOSE SHAREHOLDERS WHOSE EMAIL/MOBILE NO. ARE NOT REGISTERED WITH THE COMPANY/DEPOSITORIES.

1. For Physical shareholders - Please provide necessary details like Folio No., Name of shareholder, scanned copy of the share certificate (front and back), PAN (selfattested scanned copy of PAN card), AADHAR (self-attested scanned copy of Aadhar Card) by email to Company/RTA email id.

2. For Demat shareholders - Please update your email id & mobile no. with your respective Depository Participant (DP).

3. For Individual Demat shareholders – Please update your email id & mobile no. with your respective Depository Participant (DP) which is mandatory while e-Voting & joining virtual meetings through Depository.

If you have any queries or issues regarding e-Voting from the CDSL e-Voting System, you can write an email to helpdesk.evoting@cdslindia.com or contact at toll free no. 1800 21 099 11.

All grievances connected with the facility for voting by electronic means be addressed to Mr. Rakesh Dalvi, Sr. Manager, (CDSL, ) Central Depository Services (India) Limited, ‘A’ Wing, 25th Floor, Marathon Futurex, Mafatlal Mill Compounds, N M Joshi Marg, Lower Parel (East), Mumbai – 400013, Maharashtra, India or send an email to helpdesk.evoting@cdslindia.com or call at toll free no. 1800 21 099 11.

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EXPLANATORY STATEMENT PURSUANT TO SECTION 102(1) OF THE COMPANIES ACT, 2013 READ WITH RULE 22 OF THE COMPANIES (MANAGEMENT AND ADMINISTRATION) RULES, 2014 AND ADDITIONAL INFORMATION AS REQUIRED UNDER THE CIRCULARS / MASTER CIRCULARS ISSUED BY SEBI IN THIS REGARD FORMING PART OF THIS POSTAL BALLLOT NOTICE.

Item No. 1: Appointment of Mr. Ronak Jain (DIN: 00534143) as Managing Director (Executive Director) of the Company

Based on the recommendation of the Nomination & Remuneration Committee (‘NRC’), the Board of Directors at its meeting held on 19[th] March, 2026, had appointed Mr. Ronak Jain (DIN: 00534143) as an Additional Director (Executive and Managing Director) of the Company pursuant to the provisions of Section 161(1) of the Companies Act, 2013 (‘the Act’) and the Articles of Association of the Company.

Mr. Ronak Jain is a seasoned business leader with over 15 years of experience in manufacturing, packaging, and distribution in the liquor and beer industry. He holds a Master’s degree in International Business from Monash University (2009). He is currently Director & CEO of CMJ Breweries Private Limited and has strong expertise in corporate strategy, business expansion, operational efficiency, and financial management.

The Company has received a notice in writing under the provisions of Section 160 of the Act, from a Member proposing the candidature of Mr. Ronak Jain for the office of Director of the Company. Mr. Ronak Jain has conveyed his consent to act as a Director of the Company and he also confirmed that he is not disqualified from being appointed as such in terms of Section 164 of the Companies Act, 2013 and he is not debarred from holding the office of Director by virtue of any order passed by SEBI or any such authority. The Company has also received other necessary disclosures from Mr. Ronak Jain. Accordingly, it is proposed to appoint Mr. Ronak Jain as a Director of the Company liable to retire by rotation.

The Board of Directors, at the same meeting, as per the recommendations of the NRC, and given the knowledge, background, experience of Mr. Ronak Jain, decided that it would be in the best interest of the Company to appoint him on the Board as a Managing Director.

In view of the same the Board of Directors appointed Mr. Ronak Jain as a Managing Director of the Company designated as Managing Director for a period of 5 (Five) years, commencing from 19[th] March, 2026 upto 18[th] March, 2031, subject to the approval of the Members of the Company.

Mr. Ronak Jain satisfies all the conditions set out in Part-1 of Schedule V to the Act as also the conditions set out under Section 196(3) of the Act for being eligible for this appointment. The Board of Directors has, accordingly, considered the following terms and conditions for Mr.

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Ronak Jain appointment as per the recommendation of the NRC which is in accordance with Schedule V of the Companies Act, 2013 are under:

1. General Information

• i) Nature of Industry: The Company has shifted its business from the Paper Industries to the beverage Industries.

• ii) Date of commencement of commercial production: The Company is acting through its Subsidiary hence date of Commencement of commercial production is not applicable.

• iii) In case of new companies, expected date of commencement of activities as per project approved by financial institutions appearing in the prospectus:

• iv) Financial performance based on given indicators

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Particulars F.Y. 2024-25 (Amount in F.Y. 2023-24
Lakhs) (Amount in
Lakhs)
Total Revenue 58096 0.39
Profit Before Tax 29.59 -0.02
Net Profit After Tax 18.83 -0.02
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• v) Foreign investments or collaborators, if any: NA

2. Information about the Appointee

• i) Background Details : Mr. Ronak Jain is a seasoned business leader with over 15 years of experience in manufacturing, packaging, and distribution in the liquor and beer industry. He holds a Master’s degree in International Business from Monash University (2009). He is currently Director & CEO of CMJ Breweries Private Limited and has strong expertise in corporate strategy, business expansion, operational efficiency, and financial management.

• ii) Past Remuneration : Nil.

iii) Recognition or Awards : Nil

• iv) Job Profile and his Suitability : Mr. Ronak Jain is a seasoned business leader with over 15 years of experience in manufacturing, packaging, and distribution in the liquor and beer industry. He holds a Master’s degree in International Business from Monash University (2009). He is currently Director & CEO of CMJ Breweries Private Limited and has strong expertise in corporate strategy, business expansion, operational efficiency, and financial management.

• v) Remuneration proposed : The remuneration proposed is detailed in the resolution.

• vi) Comparative remuneration Profile with respect to Industry, Size of the Company, Profile of the position and person : The remuneration proposed is comparable to that drawn by the peers in the similar capacity in the industry and is commensurate with the size of the Company, profile of the appointee, size of company and the industry standards.

• vii) Pecuniary relationship directly or indirectly with the Company, or relationship with the managerial personnel or other director, if any : He is not related with any Director or KMP of the Company.

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3. Other Information:

• i) Reasons of loss or inadequate profits : The Company incurred losses due to nonavailability of working capital due to financial stress and thus underutilization of installed capacity

• ii) Steps taken or proposed to be taken for improvement : Company is trying to come up with new alternate strategy so that the company can cope up with present situation.

• iii) Expected increase in productivity and profit in measurable terms : The Company is very conscious about improvement in efficiency and undertakes constant measure to improve it. However, it is extremely difficult in the present scenario to predict profitability to improve the margins.

As per the provisions of Sections 152, 196 and 197 of the Act and the Rules thereunder, a Managing Director can be appointed with the approval of the Members in the General Meeting.

Accordingly, approval of the Members is sought for the appointment and remuneration of Mr. Ronak Jain as Managing Director of the Company.

As required under Regulation 36 of the Listing Regulations and Clause 1.2.5 of Secretarial Standard-2, other requisite information are provided in the Annexure Attached to this notice:

Your Board of Directors recommend the Resolution at Item No. 1 for approval by the Members by way of Ordinary Resolution and Special Resolution, respectively.

Except Mr. Ronak Jain and their relatives, none of the other Directors, Key Managerial Personnel of the Company and their relatives are in anyway concerned or interested financially or otherwise in the respective Resolutions set out at Item No. 1 of this Notice.

Item No. 2: Appointment of Mrs. Priyanka Jain (DIN: 11368800) as Non-Executive Non-Independent Director of the Company

The Board of Directors of the Company, at its meeting held on 19[th] March 2026, based on the recommendation of the Nomination and Remuneration Committee, had appointed Mrs. Priyanka Jain (DIN: 11368800) as an Additional Director (Non-Executive NonIndependent) of the Company pursuant to the provisions of Section 161 of the Companies Act, 2013.

In accordance with the provisions of Section 161 of the Act, Mrs. Priyanka Jain holds office as an Additional Director up to the date of the ensuing General Meeting of the Company and is eligible to be appointed as a Director of the Company.

The Company has received a notice in writing under the provisions of Section 160 of the Companies Act, 2013 from a Member proposing the candidature of Mrs. Priyanka Jain for the office of Director of the Company.

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Mrs. Priyanka Jain is qualified and possesses necessary skills, experience and knowledge in the field of business, management and administration. The Board is of the opinion that her association would be beneficial and in the best interest of the Company.

Mrs. Priyanka Jain has given her consent to act as Director of the Company and has confirmed that she is not disqualified from being appointed as a Director in terms of Section 164 of the Companies Act, 2013.

In compliance with the provisions of Section 152 and other applicable provisions of the Companies Act, 2013, approval of the Members is sought for her appointment as a NonExecutive Non-Independent Director , liable to retire by rotation.

Except Mrs. Priyanka Jain, none of the Directors, Key Managerial Personnel or their relatives are, in any way, concerned or interested, financially or otherwise, in the said resolution.

The Board of Directors recommends the Ordinary Resolution as set out in Item No. 2 of the Notice for approval of the Members.

Item No. 3: Appointment of Mr. Binit Singhania as Finance Director of the Company

The Board of Directors of the Company, at its meeting held on 19[th] March 2026, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Mr. Binit Singhania as Finance Director of the Company, subject to approval of the Members.

Mr. Binit Singhania possesses rich experience and expertise in the field of finance, accounts, taxation, corporate finance, and financial management. Considering his knowledge, experience and leadership abilities, the Board is of the opinion that his appointment will be beneficial to the Company.

In terms of the provisions of Sections 196, 197, 203 and other applicable provisions of the Companies Act, 2013 read with Schedule V, approval of the Members is being sought for his appointment as Finance Director (being a Whole-Time Director category, if applicable).

Further, in the event of absence or inadequacy of profits in any financial year, the Company shall pay remuneration to Mr. Binit Singhania in accordance with the provisions of Schedule V of the Companies Act, 2013.

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Mr. Binit Singhania has given his consent to act as Director (if applicable) and has confirmed that he is not disqualified from being appointed as a Director in terms of Section 164 of the Companies Act, 2013.

Except Mr. Binit Singhania, none of the Directors, Key Managerial Personnel or their relatives are, in any way, concerned or interested, financially or otherwise, in the said resolution.

The Board of Directors recommends the Ordinary Resolution as set out in Item No. 3 of the Notice for approval of the Members.

Item No. 04. Appointment of Mr. Keshava Lakshminarayana Patkar (DIN: 07672085), as an Independent Director of the Company

Mr. Keshava Lakshminarayana Patkar, holding Director Identification No.07672085, was appointed as an Additional Director of the Company, under the category of Independent Director with effect from February 02, 2026, pursuant to the provisions of Sections 149, 150, 152, 160, 161, read with Schedule IV and other applicable provisions, if any, of the Companies Act, 2013 (‘Act’) and the Companies (Appointment and Qualification of Directors) Rules, 2014 as well as other Rules made thereunder and pursuant to applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), as amended (including any statutory modification(s) or reenactment(s) thereof for the time being in force), the provisions of the Articles of Association of the Company and based on the recommendation of the Nomination and Remuneration Committee and approval of the Board of Directors of the Company

Further, Mr. Keshava Lakshminarayana Patkar, has confirmed that he is not disqualified to act as a Director in terms of Section 164 of the Act and he is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority and he is in compliance with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014. Given his expertise, knowledge and experience, the Board is of the opinion that it would be in the interest of the Company to avail his services as an Independent Director of the Company and he has given his consent to act as a Director of the Company.

A brief profile of Mr. Keshava Lakshminarayana Patkar is mentioned hereunder:

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Dr. Keshav Patkar, M.Phil., Ph.D., Master Brewer, is a seasoned professional with over 30 years of distinguished experience in the brewery and consumer goods industry. He has held senior leadership positions such as Chief Brewer and Director of Brewing & Quality at SABMILLER INDIA AND ABINBEV APAC. His expertise encompasses Quality Management, Brewing Process Optimization, New Product Development, Global Brand Localization, Brewery Expansion Projects, and Technical Consulting. He holds a Ph.D. from the University of Mysore and professional qualifications from the Institute of Brewing & Distilling, London. He is currently engaged as a Brewing Consultant.

Accordingly, the details of Mr. Keshava Lakshminarayana Patkar pursuant to the provisions Secretarial Standard on General Meetings (‘SS-2’) issued by the Institute of Company Secretaries of India are provided in the ‘Annexure’ to the Notice.

Mr. Keshava Lakshminarayana Patkar is interested in resolution set out at Item No. 4 of the Notice with regard to his appointment. The relatives of Mr. Keshava Lakshminarayana Patkar may be deemed to be interested in the resolution to the extent of their shareholding, if any, in the Company. Mr. Keshava Lakshminarayana Patkar is not related to any Director of the Company. Save and except the above, none of the other Directors / Key Managerial Personnel of the Company / their relatives are, in any way, concerned or interested, financially or otherwise, in the resolution.

The Board of Directors of the Company recommends the resolution set out at Item No. 4 for approval of the Members as a Special Resolution.

Item No. 5: Appointment of Mr. Swaminathan Muralidharan (DIN:11499464) as an Executive Director of the Company

The Board of Directors of the Company, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Mr. Swaminathan Muralidharan (DIN:11499464) as Director (Executive Director) of the Company subject to the approval of the Members.

Mr. Swaminathan Muralidharan possesses rich experience, expertise and knowledge in the field of business management, operations, strategic planning and administration. Considering his leadership capabilities and contribution towards the growth of the Company, the Board is of the opinion that his appointment will be beneficial to the Company.

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In terms of the provisions of Sections 196, 197, 198 and other applicable provisions of the Companies Act, 2013 read with Schedule V, the appointment and remuneration of a Executive Director requires approval of the Members of the Company.

Further, in the event of absence or inadequacy of profits in any financial year, the Company shall pay remuneration to Mr. Swaminathan Muralidharan in accordance with the provisions of Schedule V of the Companies Act, 2013.

Mr. Swaminathan Muralidharan satisfies all the conditions set out in Part I of Schedule V of the Companies Act, 2013 and is not disqualified from being appointed as a Director in terms of Section 164 of the Act. He has also given his consent to act as Director of the Company.

Except Mr. Swaminathan Muralidharan, none of the Directors, Key Managerial Personnel or their relatives are, in any way, concerned or interested, financially or otherwise, in the said resolution.

The Board accordingly, recommends the Ordinary Resolution as set out at Item No. 5 of the Notice for approval by the members.

In light of above, you are requested to accord your approval to the Ordinary Resolution as set out at Item No. 5 of the accompanying Notice.

By Order of the Board of Directors For Asgard Alcobev Limited

Sd/Place: Nashik (Jitendra Rajendra Patil) Date: 19[th] March, 2026 Company Secretary

Registered Office:

Sr. No. 186, Gavalwadi Road, Ashewadi, Ramshej, Nashik, Maharashtra 422003 CIN: L11010MH1984PLC033082 Website: www.asgardalcobev.com E-mail: info@asgardalcobev.com Ph No.: (+91) 8974948035

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ANNEXURE TO THE NOTICE

BREIF PROFILE OF DIRECTOR SEEKING APPOINTMENT AT EXTRA ORDINARY GENERAL MEETING IN PURSUANCE OF PROVISIONS OF THE COMPANIES ACT, 2013, AND SECRETARIAL STANDARD-2 ON GENERAL MEETINGS

Name of the Director	Ronak Jain	Priyanka Jain	Binit Singhania	Keshava Lakshminarayana Patkar	Swaminathan Muralidharan
Category & Designation	Managing Director	Non- Executive Non- Independent Director	Executive Director Non- Independent Director	Non-Executive Non-Independent Director	Executive Director Non-Independent
Director Identification Number	00534143	11368800	11590417	07672085	11499464
Date of Birth (Age)	11/07/1985	10/08/1984	05/08/1986	16/10/1961	10/03/1957
Date of appointment on the Board	19/03/2026	19/03/2026	19/03/2026	02/02/2026	28/01/2026
Educational Qualification	Masters in International Business	Bachelors of Science	Chartered Accountant	Phd, Master Brewer	Bachelors
Experience & Expertise	Experience of over 15 years in the field of manufacturing, packaging, and distribution of liquor manufacturing and beer industry. Formulating corporate strategy, business planning, and overseeing	Experience of overall 12 years in the field of Human resource management. Formulating and implementing HR strategies. Ensuring compliance with applicable laws, HR policies etc	Chartered Accountant with over 15 years of diversified experience in accounting, taxation, audits, financial management, and regulatory compliance across multiple industries. Skilled in budgeting,	Experienced Quality professional with about 3 decades of demonstrated history of working in the consumer goods industry. Strong operations professional, skilled in sensory evaluation of food & beverage, operations management, analytical skills, new product	Mr. Swaminathan Muralidharan has extensive experience in corporate management and administration. He has held senior roles across multiple organizations and brings expertise in strategic planning, operational execution, and governance compliance. He

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----- Start of picture text -----

overall and other fund development, plays a key role in
management. governance management, localization of strengthening
Driving requirements. and business global brands in internal processes
business Driving advisory. alcoholic and driving
expansion, leadership Experienced in beverages with organizational
brand development, business global leading effectiveness.
positioning, succession structuring, companies.
and operational planning, and due diligence,
efficiency. organizational and project
Overseeing culture. finance etc.
financial Supporting
performance, business
corporate growth
governance, through
and policy effective
implementation people
as approved by management
the Board. and HR
Leading cross- initiatives.
functional
teams to ensure
growth,
innovation, and
long-term
sustainability.
Directorships
held in other
companies and CMJ BLOSSOM
excluding foreign BREWERIES INDUSTRIES
companies as of PRIVATE - - LIMITED -
the LIMITED
date of this
Notice.
Memberships/
Chairmanships of
Committees - - - - -
across companies
Relationship with
other Directors,
Manager and - - - - -
other Key
Managerial
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Personnel of the Company
Shareholding (%) in the Company	21,45,76,410 (60.81%)	2,54,81,944 (7.22%)	-	-	-
Remuneration last drawn	3,00,000 Per Month	-	2,00,000 Per Month	-	-
Terms and Conditions of appointment / re- appointment
Number of Board meeting attended during the year	1	1	1	5	6
Name of the listed entities from which the director has resigned in the past three years	-	-	-	-	-

By Order of the Board of Directors For Asgard Alcobev Limited

Sd/-

Place: Nashik (Jitendra Rajendra Patil) Date: 19[th] March, 2026 Company Secretary

Registered Office:

Sr. No. 186, Gavalwadi Road, Ashewadi, Ramshej, Nashik, Maharashtra 422003 CIN: L11010MH1984PLC033082 Website: www.asgardalcobev.com E-mail: info@asgardalcobev.com Ph No.: (+91) 8974948035

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