Heritage Foods Limited has successfully executed the Share Purchase Agreement (SPA) for acquiring a 51% stake in Peanutbutter and Jelly Private Limited on December 30, 2025. The company informed stock exchanges that while the agreement has been finalized, the actual share transfer process is currently underway.

Share Purchase Agreement Execution

In its latest regulatory filing dated December 30, 2025, Heritage Foods confirmed that the Share Purchase Agreement among Heritage Foods Limited, Sky Gate Hospitality Private Limited, and Peanutbutter and Jelly Private Limited has been duly executed. This marks a significant milestone in the acquisition process that was initially announced in October 2025.

Transaction Timeline Progress

The acquisition has progressed through several key phases since its initial announcement. Heritage Foods had previously indicated in December 10, 2025 that the transaction was expected to complete within 30 days, and the execution of the SPA on December 30, 2025 demonstrates adherence to this timeline.

Regulatory Compliance and Next Steps

The company has maintained full regulatory compliance throughout the acquisition process, filing updates under Regulation 30 of SEBI Listing Regulations. Heritage Foods has committed to informing stock exchanges upon completion of the actual share transfer, ensuring continued transparency with stakeholders.

Strategic Business Expansion

This acquisition represents Heritage Foods' strategic diversification beyond its core dairy operations into the processed food segment. The 51% controlling stake will provide the company with significant influence over Peanutbutter and Jelly Private Limited's operations and strategic direction, supporting its broader expansion in the food and beverage sector.

The transaction details have been made available on the company's official website at www.heritagefoods.in , demonstrating the company's commitment to stakeholder transparency throughout the acquisition process.

Heritage Foods Limited, a prominent player in the Indian food industry, has recently added two prestigious accolades to its corporate trophy cabinet. The company has been honored with the Golden Peacock Award for Excellence in Corporate Governance, while its Vice-Chairperson & Managing Director, Smt. Bhuvaneswari Nara, received the distinguished IOD Fellowship.

Award Ceremony Details

The awards were presented at the Institute of Directors (IOD) Annual London Global Convention on Corporate Governance & Sustainability, held on November 4 in London. The event served as a platform to recognize organizations and individuals who have demonstrated exceptional commitment to corporate governance and sustainability practices.

Recognition Highlights

Corporate Representation

Heritage Foods was represented at the London event by:

• Smt. Bhuvaneswari Nara, Vice-Chairperson & Managing Director
• Sri. Umakanta Barik, Company Secretary & Compliance Officer

Significance of the Awards

The Golden Peacock Award for Excellence in Corporate Governance is a globally recognized accolade that acknowledges organizations for their outstanding practices in corporate governance. This award signifies Heritage Foods' commitment to maintaining high standards of transparency, accountability, and ethical business practices.

The conferment of the IOD's Distinguished Fellowship on Smt. Bhuvaneswari Nara is a testament to her leadership, business acumen, and dedication to advancing corporate governance and sustainability practices. This individual recognition underscores the company's leadership in fostering a culture of excellence and responsible business conduct.

Regulatory Compliance

In adherence to regulatory requirements, Heritage Foods Limited has informed the stock exchanges about these achievements. The company has filed the necessary intimations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and timely dissemination of information to its stakeholders.

These accolades enhance Heritage Foods' corporate profile and reinforce its position as a company committed to best practices in governance and sustainability. As the food industry continues to evolve, such recognitions may serve to bolster stakeholder confidence and potentially contribute to the company's long-term success and reputation in the market.