Company Disclosure: Preferential Allotment of Compulsorily Convertible Debentures

Trading Symbol: DESIFARMS

Board Approval and Meeting Details

The Board Meeting and Securities Issue Committee Meeting of the Company was held on Thursday, July 9, 2026 at 6:00 PM. The meeting approved the allotment of 13,03,462 (Thirteen Lakh Three Thousand Four Hundred Sixty-Two) 5% Compulsorily Convertible Debentures (CCDs).

CCD Details and Financials

  • Number of CCDs: 13,03,462
  • Face Value: ₹10 per CCD
  • Issue Price: ₹135 per CCD (including premium of ₹125 per CCD)
  • Total Issue Size: ₹17,59,67,370 (Seventeen Crores Fifty-Nine Lakhs Sixty-Seven Thousand Three Hundred Seventy)
  • Interest Rate: 5%
  • Type of Security: Compulsorily Convertible Debentures
  • Type of Issuance: Preferential Allotment

Purpose and Consideration

The allotment was made for consideration other than cash on a preferential basis pursuant to share swap basis. The CCDs were issued in lieu of acquisition of SNA Milk and Milk Products Limited ("SNA") and DFSU Farmer Connect Private Limited ("DFSU") on fully diluted basis by way of a share swap.

Regulatory Approvals and Background

  • Shareholder Approval: Special resolution passed by shareholders in Extra-ordinary General Meeting held on February 20, 2026
  • Exchange Approval: In-principle Approval dated June 24, 2026 received from BSE Limited
  • Regulatory Reference: SEBI Master Circular dated January 30, 2026 (as amended from time to time)

Allottee Details

The CCDs were allotted to 29 investors including persons belonging to promoter/promoter group and non-promoters, being the shareholders of SNA and DFSU. The detailed breakdown includes:

Promoter Category Allottees:

  • NIKHIL CHAWLA: 2,70,000 CCDs
  • NIKITA CHAWLA: 2,70,000 CCDs

Non-Promoter Category Allottees (Partial List):

  • MANSHA NIKHIL CHAWLA: 22,700 CCDs
  • SAGAR MATRE: 5,000 CCDs
  • AKANKSHA TIWARI: 4,800 CCDs
  • AKASH PANDEY HUF: 3,800 CCDs
  • ASHISH PANDEY: 2,800 CCDs
  • COHERON WEALTH PRIVATE LIMITED: 18,519 CCDs
  • DEEPU RUPESH NAGPAL: 15,000 CCDs
  • DIPTI PRASHANT MEHTA: 24,988 CCDs
  • DIVYA ARORA: 62,000 CCDs
  • GOPAL KUMAR BHAGERIA: 31,400 CCDs
  • GURINDER BHURJEE: 2,602 CCDs
  • MADHAVA RAO NALLA: 45,000 CCDs
  • MINERVA VENTURES FUND: 2,30,000 CCDs
  • MODHAVE RAHUL BABASAHEB: 2,000 CCDs
  • MOHANANI KRITIKA RAMESH: 5,000 CCDs
  • NIKHIL TYAGI: 1,80,600 CCDs
  • PRITI RAJESH GANDHI: 10,000 CCDs
  • RAHUL MOHAN SAVLANI: 10,000 CCDs
  • RAHUL PRAMODKUMAR JEJANI: 11,000 CCDs
  • RUPESH NAGPAL: 15,000 CCDs
  • SIDDARTH MURALI KONTHATH: 55,400 CCDs
  • SUJOSU TECHNOLOHGY: 62,600 CCDs
  • SUSHMA DHINGRA: 15,000 CCDs
  • VENKATRAM MANDALAPU: 62,000 CCDs
  • VINEET ARORA: 2,20,000 CCDs
  • YAANTRIKEE SOLUTIONS PRIVATE LIMITED: 1,25,000 CCDs
  • YOGESH KAILAS BHAGWAT: 2,000 CCDs

Conversion Details

The disclosure states "Not Applicable" for intimation on conversion of securities or on lapse of the tenure of the instrument, indicating conversion terms are either not yet determined or will be disclosed separately.

Documentation

The complete details are enclosed as Annexure-I to the disclosure, including the scheduled list of allottees.

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