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.

Sundrop Brands Limited , formerly known as Agro Tech Foods Limited, has successfully concluded its postal ballot process with shareholders overwhelmingly approving the appointment of three directors to its board. The results, announced on December 22, 2025, demonstrate strong shareholder confidence in the proposed leadership changes.

Postal Ballot Results Overview

The e-voting process, which remained open from November 22, 2025, at 9:00 AM (IST) to December 21, 2025, at 5:00 PM (IST), saw participation from shareholders holding a total of 2,99,02,169 votes. All three resolutions received overwhelming support with 99.9997% votes in favor.

Approved Director Appointments

The postal ballot notice outlined the following appointments, all now approved:

Scrutinizer's Report

BV Saravana Kumar, Partner of M/s. Tumuluru Company, Company Secretaries, served as the scrutinizer for the e-voting process. The scrutinizer's report confirmed that the postal ballot notice was mailed to 13,829 members who had registered their email IDs with depositories or the company. The votes were unblocked on December 21, 2025, in the presence of two witnesses.

Director Profiles and Expertise

The newly appointed directors bring diverse expertise to Sundrop Brands' board:

• V.V. Ranganathan: A finance professional with over 40 years of experience, including a significant tenure as Senior Partner at Ernst & Young (now EY)
• Ramit Bharti Mittal: Executive Chairman of Gourmet Investments Pvt. Ltd., with business interests spanning media, entertainment, and hospitality
• Madhavan K. Menon: Former Executive Chairman of Thomas Cook India, with extensive experience in banking, financial services, and travel industry

Regulatory Compliance

The company emphasized compliance with regulatory requirements, including the Companies Act, 2013, and SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, in conducting these appointments. The results were communicated to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.

The successful approval of all three director appointments strengthens Sundrop Brands' leadership team and demonstrates strong shareholder support for the company's governance initiatives.