Key Details of Subsidiary

  • Name: Julyy's Foods International Private Limited
  • Date of Incorporation: November 5, 2026
  • Location: Jamnagar, Gujarat
  • Initial Share Capital: ₹10,00,000 (Ten Lakhs INR)
  • Business: Dehydration of fruits and vegetables, and grinding and processing of spices in India and abroad
  • Current Status: Entity has not commenced business operations, hence no turnover history

Transaction Details

  • Oceanic Foods Limited subscribed to 100% of the initial share capital of ₹10,00,000
  • Consideration: Cash subscription
  • Percentage of Shareholding Acquired: 100%
  • The acquisition constitutes a related party transaction as it is a wholly-owned subsidiary
  • Promoters/Promoter Group/Directors/Group Companies have no additional interest in the transaction beyond the corporate structure
  • Transaction is conducted at arm's length

Regulatory Approvals

  • Incorporation approved by Ministry of Corporate Affairs (MCA) on November 5, 2026
  • No additional governmental or regulatory approvals required for the acquisition/incorporation

Purpose and Impact

  • The subsidiary was incorporated to carry on business in India and abroad of dehydration of fruits and vegetables and grinding/processing of spices
  • The business falls within the main line of business of Oceanic Foods Limited
  • No indicative time period for completion required as the acquisition is complete

Document References

  • SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Continuation of disclosure dated August 13, 2026