LT Foods Limited is in the process of incorporating a new wholly owned subsidiary company to be named LT Foods Australia Pty Limited. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III to the said Regulations and SEBI Master Circular No. SEBI/HO/CFD/POD2/CIR/P/0155 dated November 11, 2024.
Key Details of the Subsidiary:
- Ownership Structure: 100% wholly owned subsidiary of LT Foods Limited
- Initial Capital: AUD 2100
- Investment Type: Subscription to 100% of equity, to be paid in cash
- Industry: Food Industry
- Transaction Nature: Related Party Transaction conducted on arm's length basis
Strategic Purpose:
The proposed subsidiary will serve as a strategic platform for strengthening LT Foods' presence in Australia and the wider Asia-Pacific region. It will support distribution, business development, engagement, and future customer growth initiatives.
Regulatory Approvals and Timeline:
- No governmental or regulatory approvals are required since the entity is yet to be incorporated
- No indicative time period for completion is provided as the entity is yet to be incorporated
- The entity has no operating history as it is newly being incorporated
Financial Impact:
Initial investment amount is quantified at AUD 2100. The transaction is classified as a related party transaction but will be conducted at arm's length.
Disclosure Compliance:
The intimation is signed by Monika Chawla Jaggia, Company Secretary (Membership No. F5150) on June 15, 2026, at 09:40:07 IST.