Transaction Completion Details

  • Acquisition of equity shares of Avyom Foodtech Private Limited has been completed
  • DSM Fresh Foods Limited now holds 100% of the paid-up equity share capital of Avyom Foodtech Private Limited
  • Avyom Foodtech Private Limited has become a Wholly Owned Subsidiary of DSM Fresh Foods Limited
  • Date of completion: July 14, 2026

Target Company Information

Name: Avyom Foodtech Private Limited (formerly known as IEY Education Private Limited)

Financial Performance:

  • FY 2022-2023 Turnover: ₹7,17,880
  • FY 2023-2024 Turnover: ₹19,55,955
  • FY 2024-2025 Turnover: ₹14,90,284

Business Operations:

  • Industry: Food processing, manufacturing and allied food products sector
  • Activities: Manufacturing, processing, preparing, freezing, packaging, marketing, branding, distributing, importing and exporting of food products
  • Product portfolio: Ready-to-eat foods, ready-to-cook foods, frozen foods, snacks, gravies, sauces, and other allied food preparations
  • Additional activities: Establishment and operation of manufacturing units, processing plants, cold storage, logistics and distribution infrastructure, research and development in food products and food processing technologies, trades in agricultural and horticultural produce

Corporate Background:

  • Date of incorporation: July 22, 2022 under Companies Act, 2013
  • Presence: India

Transaction Details

Consideration:

  • Nature: Cash consideration through banking channels
  • Amount: ₹1,00,000 (Rupees One Lakh only)

Ownership Impact:

  • Percentage acquired: 100% equity shareholding
  • Result: Avyom Foodtech becomes wholly-owned subsidiary

Related Party Status:

  • The acquisition qualifies as a related party transaction
  • Common promoters and directors exist in both DSM Fresh Foods Limited and Avyom Foodtech Private Limited
  • Transaction executed on an arm's length basis

Strategic Rationale

Objects of Acquisition:

  • Strategic acquisition through participation in preferential issue of Avyom Foodtech Private Limited
  • Strengthening DSM Fresh Foods Limited's presence in the food processing and allied sector
  • Supporting Avyom Foodtech's proposed acquisition of Ambrozia Frozen Foods' operational food processing business on a going concern basis through a slump sale

Expected Benefits:

  • Operational synergies
  • Expansion of product portfolio
  • Enhancement of market reach

Conditions:

  • Ambrozia Frozen Foods acquisition subject to customary conditions precedent, definitive agreements, and applicable approvals