LT Foods Limited has entered into a Share Purchase Agreement with Kameda Seika Co., Ltd. on September 16, 2026 for the acquisition of its entire 49% equity stake in Kameda LT Foods (India) Private Limited (KLT), an existing joint venture of the Company.

Transaction Details

  • Current Shareholding: LT Foods Limited currently holds 51% equity stake in KLT
  • Acquisition Stake: 49% equity stake (2,80,26,726 equity shares)
  • Post-Acquisition Shareholding: LT Foods' shareholding will increase to 100%, making KLT a wholly owned subsidiary
  • Consideration: Cash consideration of ₹1.12 crore
  • Completion Timeline: December 31, 2026

Target Entity Information

  • Name: Kameda LT Foods (India) Private Limited
  • Incorporation Date: March 14, 2017
  • Business: Manufacturing, distributing and marketing of rice-based snacks including Kaki Kari, KRiSPY HOPU and Okaki
  • Operations: Primarily operates in India
  • Turnover History:
  • March 31, 2026: ₹14.03 crore
  • March 31, 2025: ₹14.32 crore
  • March 31, 2024: ₹7.36 crore

Regulatory Aspects

  • Disclosure Requirement: Made under Regulation 30 read with Schedule III of SEBI Listing Regulations
  • Related Party Status: Does not constitute a related party transaction
  • Approvals Required: Subject to applicable requirements under Foreign Exchange Management Act, 1999 and other customary regulatory filings
  • Transaction Nature: Arm's length transaction

Purpose and Impact

The acquisition is being undertaken pursuant to the agreed exit of Kameda Seika Co., Ltd. from the joint venture. Upon completion, LT Foods Limited will gain complete ownership and control of the business.