SVA India Limited
Nature of the Event
SVA India Limited has disclosed the acquisition of additional stake in Aussee Oats Milling Private Limited, resulting in the company transitioning from an associate company to a wholly-owned subsidiary.
Key Quantitative Figures
- Equity Shares Transferred: 29,453,180 shares
- Preference Shares Transferred: 11,380,155 shares
- Previous Shareholding: 50%
- New Shareholding: 100%
- Target Company Turnover (FY 2025-26): USD 14,783,616.08
Historical Turnover of Aussee Oats Milling Private Limited:
- FY 2023-24: USD 12,506,070.44
- FY 2024-25: USD 10,807,652.57
- FY 2025-26: USD 14,783,616.08
Dates of Action
The share transfer/transmission was completed on June 23, 2026, with the change in subsidiary status effective from the same date.
Parties Involved
- Acquiring Company: SVA India Limited (Indian listed entity)
- Target Company: Aussee Oats Milling Private Limited (Sri Lankan private company)
Business Details of Target Company
Aussee Oats Milling Private Limited is engaged in manufacturing and exporting oats and oats-based products.
Transaction Classification
The acquisition qualifies as a Related Party Transaction since Aussee Oats Milling Private Limited was an associate company and has a common director with SVA India Limited. The company confirms the transaction was conducted at "arm's length" terms.
Corporate Structure Impact
The transaction results in Aussee Oats Milling Private Limited transitioning from an associate company to a wholly-owned subsidiary of SVA India Limited, giving SVA India complete ownership and control.
Additional Documentation
The complete details required under SEBI regulations are provided in Annexure A to the disclosure.
#SVAIndia #AusseeOats #SEBIRegulation30 #M&A #SubsidiaryAcquisition #Neutral