Key Decision

The Board of Directors approved the allotment of 5,11,62,204 (Five Crore Eleven Lakh Sixty Two Thousand Two Hundred and Four) fully paid-up equity shares of face value ₹10 each through a preferential issue for consideration other than cash.

Transaction Details

  • Total Shares Allotted: 5,11,62,204 equity shares
  • Issue Price: ₹10 per equity share
  • Total Consideration: ₹51,16,22,040 (Rupees Fifty One Crore Sixteen Lakhs Twenty Two Thousand and Forty Only)
  • Consideration Type: Non-cash consideration against acquisition of 33,67,042 equity shares of Funk Foods Private Limited by way of share swap
  • Share Characteristics: The allotted shares will rank pari passu with existing equity shares in all respects, including entitlement to dividend and other corporate benefits

Regulatory Approvals

The allotment was made pursuant to:

  • Shareholder approval through Postal Ballot on 26th March 2026
  • "In-principle Approval" granted by BSE Limited on 07th July 2026 vide letter no. LOD/PREF/PB/FIP/479/2026-27
  • Compliance with Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

Allottee Details

The preferential allotment was made to 10 allottees as follows:

Promoter Allottees (4 entities):

  • Rajat Chakra Credit and Holdings Private Limited: 1,93,26,870 shares (33.23% post-allotment holding)
  • Prasanna Natarajan: 94,71,454 shares (16.28% post-allotment holding)
  • Sipping Spirits Private Limited: 68,22,555 shares (11.73% post-allotment holding)
  • Saranga Investments and Consultancy Private Limited: 65,74,755 shares (11.30% post-allotment holding)

Non-Promoter Allottees (6 entities/individuals):

  • Renuka Kumar: 30,39,000 shares (5.23% post-allotment holding)
  • Sachika Kumar: 30,39,000 shares (5.23% post-allotment holding)
  • Shreyas Raghav: 22,03,275 shares (3.79% post-allotment holding)
  • Indira Shreyas: 3,79,875 shares (0.65% post-allotment holding)
  • Thejas Krishna: 3,03,900 shares (0.52% post-allotment holding)
  • Rajalakshmi Natarajan (Promoter Group): 1,520 shares (0.00% post-allotment holding)

Post-Allotment Ownership Structure

Total post-allotment shareholding of all allottees: 5,11,62,204 shares representing 87.96% of the company

Meeting Details

The Board Meeting commenced at 5:30 PM and concluded at 6:30 PM on 20th July 2026.