Nature of Disclosure: Regulatory filing pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, notifying the allotment of Compulsorily Convertible Debentures (CCDs) on a preferential basis.

Key Transaction Details:

  • The Board Meeting and Securities Issue Committee Meeting of the Company was held on Tuesday, 07th July 2026 at 06:30 P.M.
  • The committee approved the allotment of 36,56,494 (Thirty-Six Lakh Fifty-Six Thousand Four Hundred Ninety-Four) 5% Compulsorily Convertible Debentures.
  • The issue price was set at Rs. 135/- per CCD, which includes a premium of Rs. 125/- per CCD.
  • The total aggregate value of the issuance is Rs. 49,36,26,690/- (Rupees Forty Nine Crores Thirty-Six Lakhs Twenty-Six Thousand Six Hundred Ninety only).

Purpose and Rationale:

  • The allotment was made for consideration other than cash on a preferential basis pursuant to a share swap.
  • The purpose is the acquisition of SNA Milk and Milk Products Limited ("SNA") and DFSU Farmer Connect Private Limited ("DFSU") on a fully diluted basis.
  • The allottees are shareholders of SNA and DFSU, including persons belonging to the promoter/promoter group.

Approvals and Background:

  • The allotment was made in accordance with a special resolution passed by shareholders in the Extra-ordinary General Meeting held on February 20, 2026.
  • The company received In-principle Approval from BSE Limited dated June 24, 2026.

Allotment Details (From Annexure-I):

  • Type of Security: 5% Compulsorily Convertible Debentures
  • Type of Issuance: Preferential Allotment
  • Face Value: Rs. 10 per debenture
  • Number of Investors: 117
  • Conversion/Lapse Details: Not Applicable (as of this filing)
  • Allottee Status: All 117 allottees listed in the annexure are classified as Non-Promoters.
  • The list of allottees includes both individuals and entities (e.g., Drishya Advisory LLP, Fat Panda Realty LLP, MindsCOPE Advisors LLP, MK Professional Services Private Limited).
  • Allotment amounts per investor range from as low as 250 CCDs (Nisarg Shukla) to 2,40,000 CCDs (Mukkta Neville Maneckji and Neville Maneckji).

Regulatory Reference:

#DesiFarms #CCD #PreferentialAllotment #SEBIDisclosure #M&A #Neutral