Acquisition Details
- Target Company: Manglam Food Products Private Limited
- Date of Incorporation: 24th March, 2026
- Authorized Capital: ₹8,00,00,000
- Acquisition Consideration: Cash payment of ₹6,00,00,000
- Shares Acquired: 60,00,000 Equity Shares of ₹10 each
- Percentage Acquired: 100% shareholding
- Nature of Transaction: Related party transaction (promoter/promoter group has interest in the target company)
Business of Acquired Entity
Manglam Food Products Private Limited was incorporated pursuant to the conversion of the erstwhile partnership firm, M/s. Manglam Food Products, into a private limited company. The company has no independent turnover or operating history as of the disclosure date. Its business objectives include:
1. Milling, processing, husking, polishing, grading, packing, storing, buying, selling, importing, exporting and dealing in rice, paddy and other rice products including broken rice, rice bran and allied products.
2. Milling, grinding, manufacturing, processing, blending, grading, packing, storing, buying, selling, importing, exporting and dealing in grains, cereals, pulses, flour, semolina, atta, maida, suji and other grain-based products.
3. Processing, grinding, manufacturing, blending, packaging, storing, marketing, distributing, importing and exporting spices, masalas, condiments, seasoning powders and other food ingredients derived from spices and herbs.
Purpose and Impact
The acquisition will add another vertical unit to the Company, providing revenue recognition opportunities. No governmental or regulatory approvals were required for this acquisition.
Additional Information
The disclosure is made in compliance with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. The target company is registered with the Registrar of Companies, Gwalior.