Key Developments
Amarnath Securities Limited (ASL) has entered into a business engagement/mandate with PK Juices Group for providing business consulting, strategic mentoring and assistance in evaluating funding requirements and potential funding opportunities for the expansion of its business.
Parties Involved
- Amarnath Securities Limited (ASL): Listed financial-services/investment company
- PK Juices Group: Engaged in FMCG distribution business in South Gujarat, undertaking distribution and supply of fast-moving consumer products through its business operations in the region
Scope of Engagement
The engagement principally covers:
- Business consulting and strategic mentoring
- Review and guidance relating to business expansion and distribution operations
- Evaluation of business and funding requirements
- Identification and evaluation of potential funding sources
- Assistance in evaluating appropriate funding structures
- Evaluation of a possible investment/funding support by ASL
Proposed Investment/Funding Support Conditions
Any proposed investment or funding support by ASL, if considered, shall be subject to:
- Satisfactory financial, legal, commercial and other due diligence
- Evaluation of the proposed transaction by the Company
- Approval of the Board of Directors/competent authorities, as applicable
- Compliance with the Companies Act, SEBI LODR Regulations, applicable RBI directions and other applicable laws and regulations
- Applicable related-party transaction requirements, if any
- Applicable internal policies and limits of the Company
- Execution of definitive agreements and satisfaction of applicable conditions precedent
Current Financial Commitment
No amount has been committed, disbursed or invested by ASL pursuant to the above engagement as on the date of this disclosure (August 27, 2026).
Memorandum of Understanding Details
A separate Memorandum of Understanding outlines additional strategic terms:
Proposed Investment
ASL proposes to invest an initial amount in the Company, subject to satisfactory due diligence, valuation and mutually agreed transaction documentation. The investment may be structured through equity shares, convertible instruments, preference shares, or such other legally permissible securities.
Strategic Options
The Parties intend to explore either:
(a) Merger/amalgamation of the Company with ASL
(b) Preparation and execution of an appropriate IPO/listing strategy for the Company
Exclusivity Period
For a period of 12 months from the date of the MOU, the Company and its promoters shall not negotiate or enter into any investment, merger, acquisition, sale, strategic partnership, IPO/listing or similar transaction with any third party without prior written consent of ASL.
Due Diligence Requirements
The Company shall provide complete information including financial statements, GST and income-tax records, banking and borrowings, customer and distributor network, suppliers, inventory, receivables and payables, statutory registrations, litigation, intellectual property and brands, material contracts, promoter/shareholding structure, and contingent liabilities.
Non-Binding Nature
Except for provisions relating to confidentiality, exclusivity, non-circumvention, costs, governing law and dispute resolution, the MOU records the present intention of the Parties and shall not itself constitute a binding obligation to complete the proposed investment, merger or IPO.
Financial Impact
Financial impact not quantified in the disclosure. Any future investment would be subject to separate approvals and documentation.