Nagarjuna Agri-Tech Limited has announced an extension in the timeline for completing its strategic acquisition of two Kathleen entities, pushing the deadline from January 31, 2026 to March 31, 2026. The Board of Directors approved this extension during their meeting held on January 30, 2026, at the company's corporate office in Kolkata.

Acquisition Timeline Extension

The extension was necessitated due to unforeseen circumstances and procedural requirements that prevented the completion of the acquisition within the originally stipulated timeframe. The Board had initially approved the acquisition of M/s. Kathleen Confectioners and M/s. Kathleen Food Private Limited in earlier meetings held on March 06, 2025 and June 03, 2025, with shareholder approval obtained during the Annual General Meeting on September 27, 2025.

Acquisition Details

The acquisition involves 100% shareholding in both target entities operating in the Quick Service Restaurant and bakery chain segment. The total investment is planned up to Rs 15 crores approximately, to be made in one or more tranches through bank transfer of consideration.

Target Entities Profile

Kathleen Confectioners, established on December 30, 1978, operates as a partnership firm in the bakery and confectionery business. The entity manufactures a wide range of products including bakeries, desserts, cakes, pastries, chocolates, and butterscotch Swiss rolls.

Kathleen Food Private Limited, incorporated on June 14, 1991, has an authorized capital of Rs 20,00,000 and paid-up capital of Rs 9,05,000 with shares of Rs 10 each.

Financial Performance Overview

Kathleen Food Private Limited reported a net profit of Rs 1,628,480.07 in 2023-24, while Kathleen Confectioners recorded a net loss of Rs 1,23,29,164.

Strategic Rationale

The acquisition represents a strategic diversification move for Nagarjuna Agri-Tech Limited into the high-growth urban FMCG segment. Kathleen operates through 94 stores comprising 20 company-owned outlets and 74 franchises, providing an established retail network and loyal customer base. The company plans to modernize operations, enhance product innovation, and leverage digital sales partnerships with quick commerce and food delivery platforms to drive long-term profitability.

All other terms and conditions relating to the acquisition remain unchanged as approved in earlier Board meetings and shareholder resolutions. The company has confirmed it is taking all necessary steps to complete the transaction within the revised extended timeframe.

Agri-Tech (India) Limited has announced that its Board of Directors will convene on January 30, 2026, to review and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting notification was issued on January 23, 2026, in accordance with regulatory requirements.

Board Meeting Agenda

The board meeting has been scheduled to address specific financial and administrative matters for the quarter ended December 31, 2025.

The primary agenda includes consideration and approval of unaudited financial results for both the quarterly and nine-month periods. Additionally, the board will address any other business matters that may arise with appropriate board permission.

Trading Window Restrictions

As part of its insider trading prevention protocols, Agri-Tech (India) Limited has implemented a trading window closure effective from December 31, 2025. This measure aligns with the company's Code of Conduct for prevention of Insider Trading and ensures compliance with regulatory standards.

Regulatory Compliance

The board meeting announcement fulfills the company's obligations under Regulation 29 and 33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. The notification was formally communicated to both BSE Limited and National Stock Exchange of India Limited on January 23, 2026.

The announcement was signed by Rajendra Sharma, Chief Financial Officer of Agri-Tech (India) Limited, confirming the company's commitment to maintaining transparent communication with stakeholders and regulatory bodies. The upcoming board meeting represents a routine quarterly review process essential for maintaining corporate governance standards and providing stakeholders with timely financial information.