Key Quantitative Figures

  • Total shares allotted: 2,11,07,790 equity shares
  • Face value per share: ₹10
  • Issue price per share: ₹135 (including premium of ₹125)
  • Total issue amount: ₹2,84,95,51,650
  • Number of allottees: 157 investors

Dates of Action

  • Board Meeting Date: July 4, 2026 (held at 8:30 PM)
  • Shareholder Approval Date: February 20, 2026 (Extraordinary General Meeting)
  • BSE In-principle Approval Date: June 24, 2026
  • Allotment Date: July 4, 2026

Parties Involved

  • Issuing Company: Desi Farms India Limited (formerly SER Industries Limited)
  • Acquisition Targets: SNA Milk and Milk Products Limited ("SNA") and DFSU Farmer Connect Private Limited ("DFSU")
  • Allottees: 157 investors including promoter and non-promoter categories
  • Regulatory Authority: BSE Limited

Purpose and Rationale

The allotment was made "for consideration other than cash, in lieu of acquisition of SNA and DFSU on fully diluted basis by way of a share swap."

Capital Structure Impact

The preferential allotment of 2.11 crore equity shares represents a significant dilution to existing shareholders. The specific pre- and post-allotment share capital figures are not disclosed in this filing.

Allottee Details

The allotment was made to 157 investors categorized as:

  • Promoter: 1 allottee (Sunil Kumar Shahi - 1,20,61,790 shares)
  • Non-Promoters: 156 allottees (varying allocations)

Major Allottees:

  • Sunil Kumar Shahi (Promoter): 1,20,61,790 shares
  • Navbharat Investment Trust - Navbharat Investment Opportunities Fund: 5,92,800 shares
  • Guhapriya Sridhar: 2,00,000 shares
  • Mukkta Neville Maneckji: 2,22,400 shares
  • Neville Maneckji: 2,22,400 shares
  • Nidhi Vishwanshu Agrawal: 3,70,600 shares
  • Nova Global Opportunities Fund PCC - Touchstone: 2,91,600 shares
  • Pace Commodity Brokers Private Limited: 2,22,400 shares
  • Silver Complex Private Limited: 1,50,000 shares

Financial Impact

The transaction represents a non-cash consideration of ₹284.96 crore for the acquisition of SNA and DFSU through share swap arrangement. The specific valuation methodology for the acquisition is not disclosed.

Effective Date

The allotment was approved and effected on July 4, 2026.