Dear Sir, We are enclosing herewith an intimation of execution of the Business Transfer Agreement.
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Aveer Foods Ltd has executed a Business Transfer Agreement (BTA) on 1st April 2025 to acquire Kamal Industries Dharwad, a partnership firm, on a going concern basis through a slump sale. The transfer of the business undertaking will take effect from 30th April 2025. This follows the company's earlier intimation dated 20th March 2025, where it had disclosed the proposal for the acquisition. The company has confirmed that all details previously disclosed under SEBI LODR regulations remain unchanged. The acquisition is expected to expand Aveer Foods' business operations.
This acquisition could positively impact Aveer Foods by adding a new business vertical and potentially boosting future revenues, though financial details of the deal remain undisclosed in this filing. Investors should watch for further updates on the financial terms and integration of the acquired business.