DSM Fresh Foods Limited has disclosed a substantial acquisition of shares by its promoter Mr. Deepanshu Manchanda under SEBI regulations. The company filed the mandatory disclosure with BSE Limited on January 27, 2026, detailing the promoter's recent equity share purchases.

Share Acquisition Details

Mr. Deepanshu Manchanda acquired 10,800 equity shares of DSM Fresh Foods Limited through open market transactions conducted between January 20-23, 2026. The acquisition represents 0.05% of the company's total share capital.

Shareholding Pattern Changes

The acquisition resulted in an increase in the promoter's shareholding in DSM Fresh Foods Limited. Prior to this transaction, Mr. Manchanda held 61,65,192 shares representing 27.66% of the company's equity capital.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. DSM Fresh Foods Limited, formerly known as DSM Fresh Foods Private Limited, trades on BSE Limited under the scrip code 544568 and scrip ID ZAPPFRESH.

The company confirmed that the disclosure information would also be made available on its investor website at zappfresh.com/investors. Director Priya Aggarwal (DIN: 09679895) signed the regulatory filing on behalf of the company.

Market Listing Information

DSM Fresh Foods Limited's equity shares are listed on BSE Limited. The company's total diluted share capital remains unchanged at 2,22,87,138 equity shares following this acquisition, as no convertible securities or warrants were involved in the transaction.

DSM Fresh Foods Limited's board of directors has approved a strategic acquisition to strengthen its position in the food processing sector. The company announced its decision to acquire up to 76% stake in Avyom Foodtech Private Limited through a preferential issue participation, making it a subsidiary under the Companies Act, 2013.

Board Meeting Outcome

The board meeting held on January 21, 2026, from 4:00 PM to 4:30 PM, resulted in the approval of revised acquisition terms. This decision supersedes an earlier resolution passed on December 31, 2025, regarding the proposed investment. The acquisition will be executed in one or more tranches through participation in Avyom Foodtech's preferential issue of equity shares.

Investment Details

The key parameters of the acquisition are structured as follows:

Target Company Profile

Avyom Foodtech Private Limited, formerly known as IEY Education Private Limited, was incorporated on July 22, 2022. The company operates in food processing, manufacturing and allied food products sector with its registered office located in Central Delhi.

Financial Performance

Avyom Foodtech's revenue trajectory over the past three financial years shows:

Strategic Objectives

The acquisition serves multiple strategic purposes for DSM Fresh Foods Limited. The investment aims to strengthen the company's presence in the food processing and allied sector while enabling operational synergies and market reach enhancement. Avyom Foodtech specializes in manufacturing, processing, preparing, freezing, packaging, branding, marketing, distributing, importing and exporting of food products.

The target company's product portfolio includes ready-to-eat foods, ready-to-cook foods, frozen foods, snacks, gravies, sauces and other allied food preparations. Additionally, Avyom Foodtech operates manufacturing units, processing plants, cold storage facilities, and logistics infrastructure while engaging in research and development of food products and food-processing technologies.

Business Alignment

The acquisition aligns with Avyom Foodtech's proposed acquisition of operational business from Ambrozia Frozen Foods, a partnership firm, through a slump sale arrangement. This strategic move is expected to result in operational synergies, expansion of product portfolio and enhancement of market reach for the combined entity.

The transaction is structured as a related party transaction due to common promoters and directors between DSM Fresh Foods Limited and Avyom Foodtech Private Limited, conducted on an arm's length basis. No governmental or regulatory approvals are required for completing this acquisition.