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 Limited's board has approved investment of up to Rs. 10 crores in Optionally Convertible Redeemable Preference Shares (OCRPS) of Telluric Foods (India) Limited (TFIL), its wholly owned subsidiary. This capital will be downstreamed to Telluric Foods Limited (TFL), a step-down WOS, to fund brand building and working capital for FY 2026-27. TFL operates in food products through e-commerce and trade channels, reporting turnover of Rs. 400.62 lakhs for FY 2025-26, down from Rs. 566.56 lakhs in FY 2024-25. TFIL itself had nil turnover as of March 2026. The transaction is classified as a related party transaction but is conducted at arm's length. Both subsidiaries are engaged in the food business, aligned with ADF Foods' core operations.
This represents ADF Foods increasing financial commitment to its subsidiary structure for growth and operations, which could support future revenue growth but involves cash outflow from the parent company. The nil turnover of TFIL and declining TFL turnover may raise questions about the subsidiaries' profitability trajectory.