DSM Fresh Foods Limited has completed the acquisition of 100% equity share capital in Avyom Foodtech Private Limited for a cash consideration of ₹1 lakh. Consequently, Avyom Foodtech Private Limited has become a wholly owned subsidiary of DSM Fresh Foods Limited, strengthening the company's presence in the food processing and allied sector.

The transaction, classified as a related party transaction, involves common promoters and directors in both entities. It was undertaken on an arm’s length basis. The acquisition was executed through a preferential issue of shares, funded via banking channels.

Strategic Objectives

The investment is a strategic acquisition aimed at expanding DSM Fresh Foods Limited’s footprint in the food processing, manufacturing, and allied food products sector. Avyom Foodtech Private Limited, formerly known as IEY Education Private Limited, is engaged in the manufacturing, processing, and distribution of ready-to-eat, ready-to-cook, frozen foods, snacks, gravies, and sauces.

The acquisition is expected to facilitate Avyom Foodtech Private Limited’s proposed acquisition of the operational food processing business of Ambrozia Frozen Foods through a slump sale. This move is anticipated to result in operational synergies, expansion of the product portfolio, and enhancement of market reach.

Financial Overview of Target

Avyom Foodtech Private Limited was incorporated on July 22, 2022. The target entity reported a turnover of ₹14,90,284 for FY 2024-25. The turnover for the preceding financial years was ₹19,55,955 in FY 2023-24 and ₹7,17,880 in FY 2022-23.

The disclosure was made to the BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Deepanshu Manchanda, Managing Director of DSM Fresh Foods Limited, signed the filing on July 14, 2026.

DSM Fresh Foods Limited has scheduled its 1st Extra-Ordinary General Meeting (EGM) for July 25, 2026, to seek shareholder approval for obtaining loans, guarantees, and securities up to an aggregate limit of ₹100 Crores. The approval is sought under Section 185 of the Companies Act, 2013, which governs loans to directors and related entities. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) to facilitate remote participation.

The Board of Directors, during its meeting on June 26, 2026, approved the proposal to grant financial assistance to entities in which directors may be interested. This includes subsidiaries, associate companies, or joint ventures. The proposed limit of ₹100 Crores is intended to provide operational flexibility for funding requirements such as business expansion, working capital, and capital expenditure without requiring repeated shareholder approvals for individual transactions.

To ensure procedural compliance, the Board has appointed M/s Kanika & Associates, Practising Company Secretary, as the Scrutinizer for the e-voting process. The remote e-voting period commences on July 22, 2026, at 9:00 A.M. (IST) and concludes on July 24, 2026, at 5:00 P.M. (IST). Shareholders who do not vote remotely may cast their votes during the EGM.

The company has fixed Saturday, July 18, 2026, as the cut-off date for determining the eligibility of members to vote. Consequently, the Register of Members and Share Transfer Books will remain closed from July 19, 2026, to July 23, 2026 (both inclusive). The results of the voting will be announced within two working days of the close of the voting period and will be hosted on the company's website.

Key Meeting Details