LT Foods Limited subsidiary Nature Bio Foods B.V. has acquired a controlling stake in Dutch healthy snacking firm Leev.nu B.V. for an equity value of EUR 1.735 million. This move increases Nature Bio Foods' holding from 30.00% to 70.75%, securing majority control and diversifying its product portfolio into organic plant-based snacks.

The acquisition was formalized through a Share Purchase Agreement executed by Nature Bio Foods B.V., a wholly owned subsidiary of LT Foods. The transaction involves the purchase of additional equity shares, representing a 40.75% increase in shareholding. The consideration is entirely cash-based, with the completion of the acquisition targeted for October 2026.

Strategic rationale and target profile

Leev.nu B.V. operates in the healthy plant-based snacking food products industry, specifically focusing on lentil-based crackers and cakes. The company maintains a presence in the Benelux retail market and lists its products with key Dutch retailers. Its turnover has remained stable at approximately EUR 6 million.

The strategic objective behind this acquisition is to provide Nature Bio Foods with a diversified product portfolio beyond its core basmati rice business. By integrating Leev.nu’s offerings, the group aims to strengthen its footprint in the European health-conscious consumer segment.

Transaction details

The following table summarizes the key parameters of the acquisition as disclosed under SEBI regulations:

Regulatory and related party status

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no governmental or regulatory approvals are required for this specific acquisition. Furthermore, the promoters, promoter group, and group companies do not have any interest in the transaction, ensuring it is not classified as a related party transaction.

What the numbers show

The acquisition price of EUR 1.735 million for a 40.75% stake implies an implied equity valuation of approximately EUR 4.26 million for Leev.nu B.V. (calculated as $1.735 / 0.4075$). Given the company's stable annual turnover of EUR 6 million, this valuation suggests a price-to-sales ratio of roughly 0.71x. This indicates LT Foods is acquiring the controlling interest at a valuation below one year of revenue, potentially reflecting the niche nature of the Benelux market or the specific asset-light structure of the target entity.

LT Foods Limited held its 36th Annual General Meeting on September 29, 2026, through Video Conferencing and Other Audio Visual Means. Shareholders adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The company declared a final dividend of ₹1 per equity share for FY26. This is in addition to the interim dividend of ₹2 per equity share, which was already declared and paid during the same financial year. The total dividend payout for the year amounts to ₹3 per share.

Meeting Proceedings and Attendance

The meeting commenced at 11:30 am and concluded at 12:06 pm, including time allotted for e-voting. It was chaired by Vijay Kumar Arora, Chairman and Managing Director. Key directors present included Ashwani Kumar Arora (Managing Director and CEO), Surinder Kumar Arora (Managing Director), and Ashok Kumar Arora (Whole Time Director).

Independent Directors Abhiram Seth, Ambika Sharma, Raju Lal, Rima Gupta, and Raj Jain also attended. Sachin Gupta, Chief Financial Officer, was present. Ms. Monika Chawla Jaggia, Company Secretary and Compliance Officer, managed the proceedings and confirmed the quorum.

Resolutions Passed

The following ordinary business items were transacted during the meeting:

The auditors' reports and secretarial audit report for the year ended March 31, 2026, contained no qualifications, reservations, or adverse remarks. Consequently, these reports were taken as read during the meeting.

Voting and Compliance Details

Remote e-voting facilities were provided from September 26, 2026, to September 28, 2026. Members attending the virtual meeting who did not vote remotely were given the facility to cast their votes electronically during the session. Voting by show of hands was not permitted.

Statutory Registers and documents referred to in the AGM notice were made available for inspection upon request. Since the meeting was held virtually, the appointment of proxies was not applicable. Questions raised by registered speakers were addressed by the management, while remaining queries sent via email will be answered within 15 days.