LT Foods Limited announced that its Chief Corporate Development Officer and Chief Financial Officer will participate in a virtual meeting with analysts and institutional investors on September 28, 2026. The session is scheduled to begin at 10:00 am IST.

The interaction is part of the "Bharat Connect Conference: Rising Stars," hosted by Arihant Capital Markets Limited. The company filed this intimation with BSE Limited and National Stock Exchange of India Limited on September 23, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The following table outlines the specifics of the scheduled investor engagement:

The disclosure was signed by Monika Chawla Jaggia, Company Secretary & Compliance Officer for LT Foods. The filing confirms that no physical venue is involved, as the conference is conducted virtually.

LT Foods has agreed to acquire the remaining 49% equity stake in its joint venture, Kameda LT Foods (India) Private Limited, from partner Kameda Seika Co., Ltd. The deal values the minority interest at ₹1.12 crore and will convert the snack manufacturer into a wholly owned subsidiary.

The Share Purchase Agreement was executed on September 16, 2026. Upon completion, scheduled by December 31, 2026, LT Foods’ shareholding in the entity will increase from 51% to 100%. The transaction is structured as a cash consideration deal and is subject to customary regulatory filings under the Foreign Exchange Management Act, 1999.

Transaction Details

The acquisition involves 2,80,26,726 equity shares of Kameda LT Foods (India) Private Limited. The target entity, incorporated on March 14, 2017, operates primarily in India, manufacturing and marketing rice-based snack products such as Kaki Kari, KRISPY HOPU, and Okaki.

Financial Context

Kameda LT Foods reported turnover of ₹1,403 lakhs as on March 31, 2026, a slight decline from ₹1,432 lakhs in the preceding year. This follows a significant jump from ₹736 lakhs recorded as on March 31, 2024. The transaction does not constitute a related party transaction, with no promoter group interest beyond their holding in LT Foods.

What the Numbers Show

The acquisition price of ₹1.12 crore for a 49% stake implies a total enterprise value of approximately ₹2.29 crore for the joint venture. This valuation stands at roughly 1.6 times the entity’s most recent reported turnover of ₹1,403 lakhs, suggesting a low multiple relative to sales volume for the snack business unit.