Target Entity: Aditatva Estates Private Limited ("Aditatva")
Type of Deal: Acquisition of 100% equity stake
Stake/Capacity: 100% equity stake acquisition; target owns ~50 acre land parcel in Chikmagalur, Karnataka
Deal Value: ₹37.5 Crores aggregate consideration
Funding Source: Cash consideration (as disclosed)
Financial Impact:
- Aditatva's turnover for FY2025: ₹81,02,600
- Historical turnover: FY2023: ₹37,09,649; FY2024: ₹80,61,845
- Financial impact on MHRIL not explicitly disclosed
Timeline:
- Original expected completion: By 31st July 2026 (per April 2026 announcement)
- Actual completion date: 15th June 2026
- Conditions precedent fulfilled as of 15th June 2026
- Intimation received: 16th June 2026 at 11:55 a.m. IST
Strategic Rationale:
- Aditatva is engaged in coffee plantation business on ~50 acre land parcel
- MHRIL intends to leverage this acquisition for expanding its leisure resorts business
- The land parcel is proposed to be utilized for development of a leisure resort
Approval Status:
- Board approval obtained on 27th April 2026
- Share Purchase Agreement executed on 27th April 2026
- Conditions precedent fulfilled as of 15th June 2026
- Transaction completed on 15th June 2026
Additional Details:
- Not a related party transaction
- No promoter/promoter group/group companies have any interest in Aditatva
- Country of incorporation: India (incorporated 30th November 2021)
- Industry classification: Agriculture
- No governmental or regulatory approvals required
Reference Regulation: SEBI Regulation 30 read with Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026