Summary of Key Information:
Nature of Filing / Announcement: Disclosure under Regulation 30 of SEBI LODR Regulations - Intimation to enter into a Joint Venture Partnership Firm
Key Financial Highlights:
Not Specified
Corporate Actions:
The Board of Directors has approved the proposal to enter into a Joint Venture Partnership Firm under the name "URJAHAAR FOODS" with M/s Kota Dall Mill, a partnership firm.
- Joint Venture Structure: Company participates as Second Partner with 49% share in profits and losses
- Partner Structure: M/s Kota Dall Mill acts as First/Managing Partner with 51% share in profits and losses
- Capital Contribution: Company approved contribution of up to ₹49,00,000 (Rupees Forty-Nine Lakhs Only) in cash and/or in kind
- Management: Joint Venture will be managed by M/s Kota Dall Mill as Managing Partner
Other Significant Information:
- Joint Venture Business: Manufacturing and supplying recipe-based, supplementary nutrition, micro-nutrient fortified, energy-dense and extruded food products to institutional, Government, semi-Government, wholesale and retail buyers, including supplies to Bihar State Milk Co-operative Federation Ltd. (COMFED/"SUDHA")
- Industry Classification: Food Processing / Nutritional Food Products Manufacturing & Supplying
- Expected Completion: Within 15 days, subject to execution of definitive documents and completion of applicable statutory and regulatory formalities
- Authorization: Mr. Manmohan Saraf (DIN: 07246524), Director of the Company, authorized to execute Joint Venture Partnership Deed and all ancillary documents