Team24 consumer products Limited has secured a significant contract with Milk Union at Ambala for establishing a comprehensive dairy manufacturing facility. The company announced this development on February 18, 2026, highlighting its expansion into dairy sweets and namkeen manufacturing operations.

Contract Details and Scope

The contract encompasses multiple components of dairy manufacturing setup and operations:

Project Components

The comprehensive contract includes several key elements designed to establish a complete manufacturing and retail operation:

• Supply and installation of machinery and equipment for dairy sweets manufacturing
• Setup of namkeen production facilities
• Establishment of job work operations for the Milk Union
• Development and operation of a VITA display retail store at Panchkula

Manufacturing Facility Setup

The project involves creating a fully integrated manufacturing unit at the Panchkula Industrial area phase-2 location. The facility will be equipped with specialized machinery for dairy sweets production and namkeen manufacturing, enabling the company to serve both manufacturing and job work requirements for the Milk Union at Ambala.

Company Background

Team24 Consumer Products Limited, formerly known as Kore Foods Limited, operates from its registered office in North Goa. The company's expansion into dairy manufacturing represents a strategic move to diversify its product portfolio and strengthen its presence in the food processing sector.

This contract award positions the company to leverage its expertise in food manufacturing while establishing a significant presence in the dairy sweets and namkeen segments through both manufacturing and retail operations.

Kore Foods , formerly known as Team 24 Consumer Products Limited, has received approval from the Bombay Stock Exchange (BSE) to reclassify Polaroid Corporation from the promoter group to the public category. This move marks a shift in the company's shareholding structure and compliance with regulatory requirements.

Reclassification Details

The reclassification involves 9,00,000 shares, representing a 3.51% stake in the company. Following this change, the shareholding structure has been altered as follows:

Regulatory Compliance

The reclassification was approved by BSE under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kore Foods had initially applied for this reclassification in October 2022, with BSE granting approval on October 16, 2025.

Impact on Shareholding

The move results in a decrease in promoter holding from 77.44% to 73.93%, while public holding increases from 22.56% to 26.07%. This change in shareholding structure may potentially increase the stock's liquidity and broaden the investor base.

Strategic Collaboration

In a separate announcement on the same day, Kore Foods disclosed a strategic collaboration with Nable Pte. Ltd, a Singapore-based company. The partnership aims to explore joint opportunities in the biodegradable technology sector, focusing on technology transfer and innovation in sustainable agricultural practices.

This collaboration aligns with the company's commitment to sustainability and environmental responsibility, potentially opening new avenues for growth and innovation in the biodegradable-tech industry.