Intimation pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 Additional Investment by way of equity in the Wholly Owned Subsidiary of the Company, ADF Foods Australia PTY Ltd.
ADFFOODS · price
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ADF Foods Limited's Board has approved an additional equity investment of AUD 100,000 (approximately Rs. 55-60 lakhs) in its wholly owned subsidiary, ADF Foods Australia PTY Ltd. The investment will be made in one or more tranches over one year to support the subsidiary's working capital requirements. The Australian subsidiary was incorporated on 18th July 2024 and commenced business operations in Fiscal 2026, with a turnover of Rs. 289.94 Lakhs as of 31st March 2026. The subsidiary is engaged in distributing food products across the Australian market. Since the subsidiary is 100% owned by ADF Foods, this qualifies as a related party transaction conducted at arm's length.
This is a relatively modest working capital infusion for a newly operational subsidiary and is unlikely to have significant impact on the parent company's financials. Shareholders can view this positively as it supports expansion in the Australian market, though the amount is small.