Anik Industries Limited and its material subsidiary, Revera Milk and Foods Private Limited, have acquired a 50% stake in Best Season Developers LLP for a total consideration of Rs 40.47 crores. The acquisition, effective June 17, 2026, marks the company's expansion into real estate development with the specific objective of developing land into an integrated township.

The Board of Anik Industries approved the strategic move during a meeting held on June 17, 2026. The transaction was structured as a transfer of advances, with Anik Industries Limited acquiring a 32% stake for Rs 25.10 crores and Revera Milk and Foods Private Limited acquiring an 18% stake for Rs 15.37 crores. The target entity, Best Season Developers LLP, was incorporated on May 25, 2026, as a joint venture entity focused solely on real estate development within India.

The disclosure was made to the National Stock Exchange of India Ltd. and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the transaction does not constitute a related party transaction and that no specific governmental or regulatory approvals were required for the acquisition.

Financial Breakdown of Acquisition

The following table details the cost of acquisition and the percentage of stake acquired by the company and its subsidiary:

The acquisition allows Anik Industries to diversify its operations by entering the real estate sector. The project involves developing land owned by another partner of the LLP into an integrated township. The company stated that the expansion is part of its broader strategy to grow its business portfolio.

Anik Industries has filed its annual disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 for the financial year ended March 31, 2026. The filing, submitted to the National Stock Exchange of India Ltd. and BSE Limited, confirms the status of shareholding encumbrances held by the promoter group. The company stated that the promoters and persons acting in concert have not created any new encumbrances on their shares during FY26, aside from those previously disclosed. This declaration ensures transparency regarding the pledging or hypothecation of promoter shares, a key metric for investor risk assessment.

The disclosure was signed by Manish Shahra on behalf of the promoter, promoter group, and persons acting in concert. The filing identifies 17 entities that constitute the promoter group as of March 31, 2026. Ankur Bindal, Company Secretary & Compliance Officer at Anik Industries, submitted the correspondence to the exchanges on April 7, 2026.

Promoter and PAC List

The following table details the individuals and entities listed as promoters and members of the promoter group along with persons acting in concert as of the specified date.

The submission was made to comply with regulatory requirements mandating annual disclosures regarding share encumbrances. The document was also copied to the Audit Committee of Anik Industries for record-keeping purposes.