Desi Farms India Limited accepted the resignation of Mr. Om Narayan Singh as a Non-Executive Independent Director effective July 9, 2026, due to his other professional commitments. The resignation was submitted to the board on July 9, 2026, with immediate effect. Consequently, Singh has ceased to be a member of the Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Securities Issue Committee of the company.

The disclosure was made to BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the resigning director does not hold directorships in any other listed entity. Singh confirmed that there are no other material reasons for his resignation other than those stated in the filing.

Resignation Details

The following table outlines the key particulars regarding the change in directorship:

The resignation letter, dated July 9, 2026, stated that Singh would not be able to devote enough time to the Board. He thanked the Board for their support and wished the company success in the future. The Managing Director, Sunil Kumar Shahi, signed the regulatory filing on behalf of Desi Farms India Limited.

Desi Farms India Limited has acquired a 96.91% stake in SNA Milk and Milk Products Limited on a fully diluted basis and a 99.95% stake in DFSU Farmer Connect Private Limited through a share swap arrangement. The Board of Directors approved the preferential allotment of securities to facilitate the acquisition, which was executed for consideration other than cash. The total cost of acquisition is approximately ₹543.22 crore, based on a valuation report from a registered valuer. The transaction is classified as a related party transaction as Sunil Kumar Shahi, the Managing Director and Promoter, holds directorship and shares in the target entities.

Acquisition and Allotment Details

Pursuant to the share swap, the company allotted 3,18,24,590 Equity Shares, 34,54,600 3% Compulsorily Convertible Non-Cumulative Preference Shares (CCPS), and 49,59,956 5% Compulsorily Convertible Debentures (CCDs) to the shareholders of SNA and DFSU. The allotment was approved by the Board on July 9, 2026, following shareholder approval from an Extra-ordinary General Meeting held on February 20, 2026, and in-principle approval from BSE Limited dated June 24, 2026.

Target Entity Profiles

SNA Milk and Milk Products Limited, incorporated on May 27, 2016, is engaged in the manufacturing, processing, and distribution of milk and milk-based products. For the financial year 2024-25, SNA recorded a turnover of ₹33,74,44,514. DFSU Farmer Connect Private Limited, incorporated on August 27, 2025, is involved in the business of manufacturing, processing, trading, marketing, and distribution of ice creams, healthy snacks, and other food products. The strategic move aims to diversify into the milk and milk products sector to generate operational synergies and improve consolidated revenues.