Gourmet Gateway India Limited

Transaction Details

Welgrow Hotels Concepts Private Limited, a step-down subsidiary of Gourmet Gateway India Limited, executed a Second Supplementary LLP Agreement on August 25, 2026. The agreement increases Welgrow's partnership stake in Manmeera Hospitality LLP (LLPIN: AAY-8532) from 49% to 99%.

Target Entity Information

  • Name: Manmeera Hospitality LLP
  • Industry: Hospitality
  • Business: Engaged in the hospitality business
  • Financial details: Size and turnover details are not specified in the Agreement

Transaction Structure and Consideration

  • The reconstitution is undertaken to consolidate Welgrow's partnership interest in Manmeera Hospitality LLP.
  • No separate consideration is specified for the acquisition of the incremental 50% partnership interest.
  • The LLP is required to pay retirement consideration of ₹37.50 lakh each to two retiring partners.
  • Cost of acquisition for the incremental 50% partnership interest is not separately specified.

Ownership and Control Impact

Welgrow's profit-sharing interest in Manmeera Hospitality LLP has increased from 49% to 99%, representing an increase of 50 percentage points. This gives Welgrow majority control of the LLP.

Regulatory Approvals and Timeline

  • No specific governmental or regulatory approval is stipulated in the Agreement.
  • Applicable statutory filings and legal formalities are to be completed as required under applicable law.
  • The acquisition was effective pursuant to the Second Supplementary LLP Agreement executed on August 25, 2026.

Related Party Aspects

Welgrow Hotels Concepts Private Limited is a step-down subsidiary of Gourmet Gateway India Limited and was already a continuing partner in the LLP. Accordingly, the Company has an indirect interest in the LLP through Welgrow. The reconstitution is pursuant to the LLP Agreement.

Documentation Reference

The detailed disclosure is provided as per Regulation 30(6) read with Para A (1) of Part A of Schedule III of the Listing Regulations and the SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023.