Summary of Key Information:
Target Company: E.I.D. - Parry (India) Limited
Stock Exchange Listings:
NSE Scrip Code: EIDPARRY
BSE Scrip Code: 500125
Nature of Transaction / Event: Sale or disposal of unit(s) or division(s)
Date of Transaction: The Business Transfer Agreement (BTA) is proposed to be executed within 30 days from the date of Board approval, i.e., from November 13, 2026.
Expected date of completion of sale/disposal: The transaction is expected to be completed within three (3) months, subject to the fulfilment of the conditions precedent under the BTA and receipt of the requisite approvals and consents.
Consideration (if disclosed): The proposed sale consideration is ₹45,90,00,000 (Rupees Forty-Five Crore Ninety Lakh only), subject to completion of financial and legal due diligence and such adjustments, if any, as may be mutually agreed between the parties.
Financial Impact of Unit:
- The Sivagangai Distillery Unit generated a total income of ~119.58 crore during the financial year ended March 31, 2026, representing approximately 3% of the Company's total income for the said financial year.
- The Company's investment in the Sivagangai Distillery Unit stood at approximately ~9.84 crore as at March 31, 2026, constituting approximately 0.52% of the Company's total net worth.
Buyer Details:
- Name: M/s. SVRAJU Agro Private Limited
- Corporate Identification Number (CIN): U11010TN2026PTC198579
- The Buyer does not belong to the promoter/ promoter group of E.I.D. - Parry (India) Limited.
- The Buyer Company was incorporated on September 29, 2026.
- The promoters of SVRAJU Agro Private Limited have diverse business interests spanning manufacturing, trading and real estate, and possess extensive experience and expertise in the distillery industry.
Related Party Transaction Status: No, the transaction is not a related party transaction.
Rationale for the transaction: The transaction is being undertaken as part of the Company's asset rationalisation strategy to optimise its asset portfolio and enable greater focus on its core businesses. The Sivagangai unit, being a standalone distillery primarily dependent on molasses as feedstock, has faced challenges due to reduced availability of sugarcane molasses in Tamil Nadu and the economics associated with sourcing molasses from other States.
Impact on Shareholding: There will be no change in the shareholding pattern of the Company pursuant to the transaction, as the transaction involves the slump sale of the Sivagangai Unit entirely for cash consideration and does not involve the issuance of any shares.
Other Noteworthy Information:
- The sale is by way of a slump sale pursuant to Section 2(103) and other applicable provisions of the Income-tax Act, 2025.
- The transaction does not constitute a Scheme of Arrangement and does not attract the terms of Regulation 37A of the SEBI Listing Regulations.
- The disclosure is made pursuant to Regulation 30 read with Para A of Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026.
Analyst Notes:
Disclosure is a factual reporting of a board-approved divestment. All figures and rationale are as stated in the official filing.