Intimation pursuant to Regulation 30 of SEBI (LODR) Regulations 2015 Acquisition of additional shares in the Wholly Owned Subsidiary of the Company, Telluric Foods (India) Limited.
ADFFOODS · price
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ADF Foods' board, on 14th May 2025, approved investing up to Rs. 9 crore in its wholly owned subsidiary Telluric Foods (India) Limited (TFIL) by way of Optionally Convertible Redeemable Preference Shares (OCRPS), to be done in one or more tranches. TFIL will then pass on the same Rs. 9 crore as a downstream investment into Telluric Foods Limited (TFL), a step-down wholly owned subsidiary, to fund brand building and working capital needs for FY 2025-26. Both transactions are related party deals at arm's length, with ADF Foods continuing to hold 100% in both entities. TFL, which handles e-commerce and food distribution, has shown strong revenue growth — turnover rose from Rs. 69.73 lakhs in FY23 to Rs. 282 lakhs in FY24 to Rs. 566.56 lakhs in FY25.
This is an internal capital infusion within the ADF Foods group and not a new acquisition from the market. The growing turnover of the operating subsidiary TFL suggests the funding is aimed at scaling up the e-commerce food business. Shareholders are unlikely to see an immediate price impact, but it indicates management's commitment to expanding the digital/direct-to-consumer food channel.