Foods and Inns Limited has disclosed the incorporation of a new subsidiary pursuant to Regulation 30 of the SEBI Listing Regulations. The Board of Directors approved the incorporation at its meeting held on August 11, 2026.
Subsidiary Details
- Name: F-HAD Private Limited
- Ownership Structure: 51% owned by Foods and Inns Limited (wholly-owned subsidiary upon incorporation)
- Capital Structure: Authorized Capital: ₹10,00,000; Paid-up Capital: ₹1,00,000
- Business Focus: Branding and marketing of food products range, particularly fruits and vegetables
- Industry Classification: Food products branding and marketing
Transaction Details
- Consideration: Cash consideration for share subscription
- Shareholding Percentage: 51% acquisition
- Related Party Status: The subsidiary will be a related party of the company upon incorporation
- Promoter Interest: Promoter/promoter group/group companies have no interest in the proposed subsidiary
Regulatory Approvals
- Subject to approval from Ministry of Corporate Affairs (MCA) and other relevant statutory/regulatory authorities
- Indicative timeline for completion depends on receipt of necessary approvals
Business Rationale
The business of the proposed subsidiary is not outside the main line of business of Foods and Inns Limited. The company will provide further updates once the subsidiary is formally incorporated.