Chatha Foods Limited has disclosed the execution of a supplementary agreement to modify the existing Shareholders' Agreement (SHA) dated February 11, 2025. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026.
Key Agreement Terms
Capital Structure Changes:
- The Authorised Share Capital of the JV Company shall be increased to ₹42,00,00,000 (Rupees Forty-Two Crore Only)
- This comprises Equity Share Capital of ₹41,00,00,000 (Rupees Forty-One Crore Only) and Compulsorily Convertible Preference Share Capital (CCPS) of ₹1,00,00,000 (Rupees One Crore Only)
- The Paid-Up Share Capital shall be increased accordingly
Shareholding Pattern:
- The equity shareholding of the JV Company will be maintained in the ratio of 51:49 between CFL and FAPL respectively
Capital Infusion:
- FAPL shall subscribe to equity shares of the JV Company for an aggregate consideration of up to ₹10,80,50,000 (Rupees Ten Crore Eighty Lakh Fifty Thousand Only)
- The JV Company shall issue and allot Compulsorily Convertible Preference Shares (CCPS) to FAPL having an aggregate issue value of ₹79,50,000 (Rupees Seventy-Nine Lakh Fifty Thousand Only)
Governance Changes:
- The Board of Directors of the JV Company shall be reconstituted to comprise four (4) Directors in total
- Both CFL and FAPL will have the right to nominate two (2) Directors each
Relationship Details
- The company does not hold any shareholding in FAPL
- The parties are not related to promoter/promoter group/group companies
- The transaction does not fall within related party transactions
- The transaction is done at "arm's length"
Additional Information
- No other disclosures related to nominee directors or potential conflict of interest were provided
- The disclosure includes all required details of amendment: parties involved, nature of agreement, date of execution (August 7, 2026), and impact details