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 received two separate arbitration awards on June 17, 2026, involving its material subsidiary, Revera Milk and Foods Private Limited. The awards were passed by the Arbitral Tribunal of Sole Arbitrator Mr. Bhagwan Raj Pandey based on amicable settlements between the parties. The disputes were with M/s. Patan Agro Products Private Limited and M/s. Nebula Multitrade Private Limited.

Under the consent awards, Anik Industries Limited, acting as the claimant, waived interest on the amount advanced to the respondents. This waiver was in exchange for the respondents waiving the entire amount of damages or losses raised under their counter claims. The counter claims arose due to the non-fulfilment of obligations under an agreement dated March 2, 2018, and delays in decision-making by the claimant.

The final consent awards were received by the company on June 17, 2026. The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Ankur Bindal, Company Secretary and Compliance Officer.

Arbitration Details

The company confirmed that there is no impact on key management personnel, promoters, or the ultimate person in control regarding these proceedings. The specific financial impact was not quantified in the filing, as the settlement involved mutual waivers of claims and counter-claims.