DSM Fresh Foods approves full acquisition of Avyom Foodtech for ₹10 crore
DSM Fresh Foods Limited approved acquiring 100% of Avyom Foodtech Private Limited for up to ₹10 crore to expand its food processing presence. The related party transaction, approved on June 02, 2026, will make Avyom Foodtech a wholly owned subsidiary and support the acquisition of Ambrozia Frozen Foods. The board also appointed Harish Kumar & Associates as secretarial auditor for FY26.
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DSM Fresh Foods Limited has approved the acquisition of a 100% equity stake in Avyom Foodtech Private Limited for up to ₹10 crore to strengthen its position in the food processing sector. The strategic investment, approved by the board on June 02, 2026, will see Avyom Foodtech become a wholly owned subsidiary. The transaction is a related party deal, as promoters and directors are common to both entities, and will be conducted on an arm’s length basis through cash consideration.
The acquisition is aimed at expanding DSM Fresh Foods' product portfolio and market reach. Avyom Foodtech, formerly known as IEY Education Private Limited, is engaged in manufacturing, processing, and distributing ready-to-eat and ready-to-cook foods, frozen foods, snacks, and sauces. The investment is also expected to facilitate Avyom Foodtech's proposed acquisition of the operational food processing business of Ambrozia Frozen Foods through a slump sale, subject to customary conditions and approvals.
The target company reported a turnover of ₹14,90,284 for FY 2024-25. Incorporated on July 22, 2022, Avyom Foodtech operates in the food processing, manufacturing, and allied food products sector. The indicative timeline for the completion of the acquisition is within 3-9 months from the date of board approval.
In addition to the acquisition, the board appointed Harish Kumar & Associates as the secretarial auditor for the financial year ended March 31, 2026. The firm, based in Greater Noida West, has been peer reviewed by the Institute of Company Secretaries of India (ICSI).
Financial and Operational Details of Avyom Foodtech
| Particulars | Details |
|---|---|
| Target Company | Avyom Foodtech Private Limited (formerly IEY Education Private Limited) |
| Date of Incorporation | July 22, 2022 |
| Sector | Food processing, manufacturing and allied food products |
| Turnover FY 2024-25 | ₹14,90,284 |
| Turnover FY 2023-24 | ₹19,55,955 |
| Turnover FY 2022-23 | ₹7,17,880 |
| Cost of Acquisition | Up to ₹10 crore |
| Stake Acquired | 100% equity shareholding |
| Nature of Consideration | Cash through banking channels |
| Completion Timeline | Within 3-9 months from board approval |
Historical Stock Returns for DSM Fresh Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.59% | -20.86% | -21.01% | -47.54% | -35.09% | -35.09% |
How will DSM Fresh Foods fund the ₹10 crore cash acquisition, and what impact will this have on its liquidity and leverage ratios?
What specific synergies does DSM Fresh Foods expect to realize by integrating Avyom Foodtech’s low-turnover operations into its existing portfolio?
What are the strategic benefits and risks associated with the proposed slump sale of Ambrozia Frozen Foods to a newly acquired subsidiary?
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