Acquisition Details

The Board of Directors at its meeting held on 8th October 2026 (4:00 PM to 5:00 PM) approved the acquisition of 10% equity shares of M/s. Bread Private Limited (Gimme NZ), a New Zealand-registered private limited company (Registration No: 6298249).

Target Company Information

  • Legal Name: Bread Private Limited (Gimme NZ)
  • Registration Number: 6298249
  • Business: Food delivery service & marketing of premium liquor and related products
  • Paid-up Share Capital: NZD 75,000
  • Incorporation Date: 23rd June 2017

Financial Performance of Target Company

| Financial Year | Turnover (NZD) |

| 2023-24 | 105,945 |

| 2024-25 | 156,293 |

| 2025-26 | 272,333 |

Transaction Structure

  • Acquisition Method: Share swap arrangement
  • Stake Acquired: 10% equity shareholding
  • Consideration: Share swap (no cash consideration)
  • Valuation: Subject to completion of valuation reports

Conditions and Timeline

  • Acquisition subject to completion of valuation reports of Bread Private Limited
  • Completion subject to fulfilment of conditions in Share Purchase Agreement (SPA) and other transaction documents
  • Definitive SHA (Shareholding Agreement) to be signed after due diligence
  • Acquisition likely to be completed within four months of signing definitive SHA

Preferential Allotment

Board discussed and decided that manner and timing of preferential allotment for share swap will be determined subsequent to valuation and other legalities.

Business Profile of Target Company

Gimme NZ delivers drinks and snacks within 45 minutes in Auckland, Christchurch, Hamilton, Tauranga, Queenstown, and Dunedin, with next business day delivery anywhere else in New Zealand. The company claims to be recognized as #1 alcohol delivery service in New Zealand by market and online audiences.

Operational Metrics (as of August 2026)

  • Annual Recurring Revenue: ~NZD 500,000 (up from NZD 225,000 in 2025)
  • Registered Customers: 20,000+ across New Zealand
  • Cities Served: 6 cities with same-day delivery
  • Customer Lifetime Value: ~NZD 233
  • Customer Acquisition Cost: ~NZD 5 per customer
  • Cost Per Install: NZD 1.7 per customer
  • SKUs: 6,000+ products on mobile and website

Regulatory and Compliance Aspects

  • Related Party Status: Does not fall within related party transactions
  • Promoter Interest: No interest from promoter/promoter group of Kati Patang in Bread Private Limited
  • Government Approvals: Not applicable
  • Industry Classification: Marketing of alcoholic & non-alcoholic beverages, liquor, spirits, wine, whisky, beer

Strategic Rationale

Acquisition aligns with company's strategic growth initiatives aimed at business expansion, diversification, and strengthening market presence. Expected to bring synergistic benefits, enhance innovation, quality, and competitiveness.

Disclosure Compliance

Filed pursuant to Regulation 30 read with Part A of Schedule III of SEBI LODR Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.