Kati Patang Lifestyle Limited has approved the acquisition of a 10% equity stake in Bread Private Limited, operating as Gimme NZ, through a share swap mechanism. The transaction aims to diversify the company's portfolio into the New Zealand beverage delivery sector.

The Board of Directors approved the Terms Sheet during its meeting held on October 8, 2026. The acquisition is subject to the completion of valuation reports and the signing of definitive agreements, including a Shareholders' Agreement (SHA). The company stated that the manner and timing of the preferential allotment for the share swap will be determined after due diligence.

Target company financials

Bread Private Limited is registered in Christchurch, New Zealand, and operates as a dedicated alcohol delivery service. The target company has shown significant year-on-year revenue growth over the last three fiscal years. The paid-up share capital stands at $75,000.

Operational scope and strategy

Gimme NZ delivers beverages and snacks within 45 minutes in major cities including Auckland, Christchurch, Hamilton, Tauranga, Queenstown, and Dunedin. It offers next-business-day delivery across the rest of New Zealand. The platform lists over 6,000 SKUs, covering beer, wine, whisky, vodka, and ready-to-drink cocktails.

The company reported approximately $500k ARR (Annual Recurring Revenue) as of August 2026, up from $225k in 2025. It serves over 20,000 registered customers with a Customer Acquisition Cost (CAC) of roughly $5 per customer and a Lifetime Value (LTV) of approximately $233.

What the numbers show

The target company's turnover grew from $105,945 in FY24 to $272,333 in FY26, indicating a rapid scaling phase. However, the absolute revenue base remains small relative to typical listed entity acquisitions. The acquisition aligns with Kati Patang's strategic goal to expand into international markets and leverage technology-driven retail models. The deal structure via share swap suggests a preference for preserving cash reserves while offering equity participation to the target's shareholders.

The acquisition does not fall under related party transactions, as the promoter group holds no interest in Bread Private Limited. Regulatory approvals are not required for this specific cross-border investment under current guidelines cited by the company. The process is expected to conclude within four months of signing the definitive SHA.

Kati Patang Lifestyle Ltd will hold a board meeting on October 8, 2026, to evaluate a proposal for investing in the equity shares of a foreign entity. The agenda also includes plans for issuing various financial instruments through private offerings, preferential allotments, or rights issues.

The meeting is scheduled for 4:00 pm at the company's corporate office in New Delhi. It is convened pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The primary focus is on strategic expansion through overseas equity acquisition and subsequent capital structuring.

Agenda highlights

The board will deliberate on two key proposals:

• Foreign Investment: Consideration of an investment in the equity shares of a foreign entity.
• Capital Raising: Issuance of one or more instruments, including equity shares, convertible securities, warrants, or other equity-linked securities. These may be issued through private offerings, preferential issues, rights issues, or other permissible modes under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The capital raising proposal is subject to necessary approvals, including shareholder approval for the acquisition via share swap.

Trading window closure

In compliance with the company's Code of Internal Procedures & Conduct for Regulating, Monitoring & Reporting of Trading by Insiders framed under SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window will remain closed. This restriction applies to all designated persons and their immediate relatives. The window will reopen 48 hours after the conclusion of the board meeting.