Chambal Breweries & Distilleries Limited's Board has approved a Draft Scheme of Amalgamation with Invade Agro Limited.

However, Invade Agro's Board deferred its consideration of the scheme.

Independent Directors at Invade Agro requested more time to review the documents due to short notice before their meeting.

Consequently, the proposed amalgamation will be taken up at future board meetings for both companies.

Implementation hinges on both boards' approvals and subsequent regulatory clearances.

This update signifies a delay in the proposed merger, affecting the timeline for this significant corporate action.