Sundrop Brands Limited has disclosed that its promoter entity CAG-Tech (Mauritius) Limited has acquired additional shares, increasing its total shareholding to 38.91%. The acquisition was completed through an off-market transaction on December 23, with regulatory disclosure filed on December 24.

Share Acquisition Details

CAG-Tech (Mauritius) Limited acquired 1,881,073 equity shares representing 4.99% of the total share capital through off-market acquisition. The transaction was executed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Updated Shareholding Structure

Following the latest acquisition, CAG-Tech (Mauritius) Limited's total shareholding in Sundrop Brands Limited has increased significantly. The promoter entity now holds 14,666,522 shares, representing 38.91% of the total equity share capital with voting rights of 37.45%.

Company Structure and Compliance

The disclosure was made pursuant to regulatory requirements under SEBI takeover regulations. Sundrop Brands Limited, formerly known as Agro Tech Foods Limited, maintains its total equity share capital at 3,76,96,853 shares, while the total diluted share capital stands at 3,91,65,764 shares.

The company operates under Corporate Identity Number L15142TG1986PLC006957 and is listed on both National Stock Exchange of India Limited and BSE Limited. CAG-Tech (Mauritius) Limited is based at 6th Floor, Two Tribeca, Tribeca Central, Trianon 72261, Mauritius.

Sundrop Brands Limited has seen a significant increase in stake by CAG-Tech (Mauritius) Limited through a substantial off-market acquisition completed on December 23, 2025. The Mauritius-based entity acquired 18.81 lakh additional equity shares, increasing its shareholding from 33.92% to 38.91%.

Acquisition Details

The transaction involved the purchase of 18,81,073 equity shares of Sundrop Brands Limited, representing a strategic increase in CAG-Tech's ownership position. The following table summarizes the key acquisition metrics:

Shareholding Changes

The acquisition has resulted in a substantial change in CAG-Tech's ownership structure in Sundrop Brands Limited. The company's shareholding position before and after the transaction shows significant growth:

Company Capital Structure

Sundrop Brands Limited's capital structure remained unchanged following the transaction. The company maintains an equity share capital of ₹3,76,96,853, while the total diluted share capital stands at ₹3,91,77,264. This indicates the presence of outstanding convertible securities or warrants that could potentially be converted into equity shares.

Regulatory Compliance

CAG-Tech (Mauritius) Limited filed the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company confirmed its status as belonging to the Promoter/Promoter group category and provided its PAN details as AACCC9344C. The disclosure was simultaneously submitted to both major Indian stock exchanges where Sundrop Brands shares are listed.

Market Implications

The off-market acquisition demonstrates CAG-Tech's continued involvement in Sundrop Brands Limited. With the increased shareholding of 38.91%, CAG-Tech has strengthened its position as a significant stakeholder in the company. The transaction was completed without affecting the overall equity capital structure of Sundrop Brands, indicating a transfer between existing shareholders rather than fresh capital infusion.