DSM Fresh Foods Limited has announced the incorporation of a new subsidiary company to expand its operations into the aquaculture and seafood sector. The board meeting, held on 17th March 2026, approved the establishment of Varuna Aquatech Private Limited as a strategic move to capitalize on growth opportunities in the aquaculture and allied business sector.

Board Meeting Outcomes

The Board of Directors meeting commenced at 11:24 AM and concluded at 11:32 AM on 17th March 2026. The primary agenda focused on the incorporation of the subsidiary company and approval of its share capital structure. The decision aligns with the company's strategy to undertake focused operations with optimum utilization of resources in the expanding aquaculture market.

Subsidiary Structure and Shareholding

The newly approved subsidiary, Varuna Aquatech Private Limited, has been structured with specific capital requirements and shareholding distribution:

Business Focus and Objectives

Varuna Aquatech Private Limited will operate in the aquaculture, fisheries, and food processing industry. The subsidiary's primary objectives include:

• Carrying on aquaculture and fisheries operations
• Processing and trading of seafood products
• Export activities in the seafood sector
• Allied activities related to aquaculture business

The incorporation represents DSM Fresh Foods' expansion strategy into specialized segments of the food processing industry, particularly focusing on seafood and related activities.

Regulatory Compliance

The company has fulfilled all necessary regulatory requirements for the subsidiary incorporation. The name "Varuna Aquatech Private Limited" has been duly approved by the Registrar of Companies. As per SEBI regulations, the subsidiary will be considered a related party of DSM Fresh Foods Limited once incorporated, with share subscription occurring at arm's length pricing.

Strategic Implications

The establishment of this subsidiary demonstrates DSM Fresh Foods' commitment to diversifying its operations within the food sector. By focusing on aquaculture and seafood processing, the company aims to tap into the growing demand for seafood products and expand its market presence beyond its current operations. The majority shareholding of 71% ensures strategic control while allowing for partnership participation through the minority stakeholders.

DSM Fresh Foods Limited has announced a management meeting with Swaraj Holdings scheduled for March 19, 2026. The company has formally notified BSE Limited about this upcoming engagement in compliance with regulatory requirements.

Meeting Details and Compliance

The management meeting has been scheduled under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The notification was filed on March 16, 2026, providing the required advance notice to the stock exchange.

Information Sharing Guidelines

DSM Fresh Foods Limited has specifically stated that discussions during the meeting will be based exclusively on publicly available information. The company has emphasized that no unpublished price-sensitive information is intended to be shared or discussed during the meeting, ensuring compliance with disclosure regulations.

Company Information

DSM Fresh Foods Limited, formerly known as DSM Fresh Foods Private Limited, operates from its registered office at 115-116, 1st Floor, Vishal Tower, District Centre, Janakpuri, New Delhi-110058. The notification was signed by Deepanshu Manchanda, Managing Director, with DIN 07108044.

The company maintains its digital presence through www.zappfresh.com and can be contacted at info@zappfresh.com . DSM Fresh Foods Limited is incorporated under CIN U52203DL2015PLC280514 and is listed on BSE with scrip code 544568 under the scrip ID ZAPPFRESH.