Tejassvi Aaharam Ltd has reclassified five shareholders into the 'Promoter' category, effective immediately, following a change in control transaction. The Board of Directors approved the restructuring on July 29, 2026, pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This classification shift reflects the completion of an open offer under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, alongside a recent preferential issue of equity shares.

The reclassification impacts both corporate entities and individual investors who have acquired significant stakes in the company. By moving these shareholders into the promoter group, Tejassvi Aaharam aligns its shareholding pattern with regulatory requirements for entities exercising control or significant influence over the company’s management. The Board meeting commenced at 4:45 P.M. and concluded at 5:15 P.M. on July 29, 2026.

The following shareholders have been reclassified:

Rajat Chakra Credit and Holdings Private Limited, Sipping Spirits Private Limited, and Saranga Investments and Consultancy Private Limited are now categorized directly as Promoters. Prasanna Natarajan is also classified as a Promoter. Rajalakshmi Natarajan is included in the Promoter Group category, indicating her association with the controlling stake but distinct from the direct promoter entities in terms of regulatory reporting structures.

This disclosure was submitted to the Listing Department of the Bombay Stock Exchange Limited by Sethuraman Dhilipkumar, Director of Tejassvi Aaharam Limited. The filing serves as an intimation of the outcome of the Board meeting held under Regulation 30 of the SEBI LODR Regulations. The company’s BSE Scrip Code is 531628.

The reclassification is a procedural step required after substantial acquisitions that alter the control dynamics of a listed entity. It ensures transparency for investors regarding who holds the controlling interest in the company. No financial metrics such as revenue or profit were disclosed in this specific filing, which focuses solely on shareholding pattern adjustments.

Tejassvi Aaharam Limited has acquired 100% of Funk Foods Private Limited for a total consideration of Rs 51,16,22,040 through a share swap mechanism. The Board of Directors approved the allotment of 5,11,62,204 fully paid-up equity shares at a price of Rs 10 each to the shareholders of Funk Foods Private Limited on July 20, 2026. This strategic acquisition aims to achieve a significant milestone in the evolution of both companies, benefiting all stakeholders including shareholders at large.

The acquisition was approved by shareholders via a postal ballot and received in-principle approval from BSE Limited. Funk Foods Private Limited, incorporated on January 28, 2022, is engaged in the development, manufacturing, and export of freeze-dried, clean-label food products. The entity reported a turnover of Rs 7.97 crores for the financial year ended 2025, up from Rs 1.71 crores in the previous year.

Acquisition Details

The transaction does not fall under related party transactions, and the promoter group has no interest in the acquired entity. The newly allotted shares will rank pari passu with the existing equity shares of Tejassvi Aaharam Limited. The disclosure was submitted to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.