Intimation of Allotment of Equity Shares in Allana CF Foods Private Limited, Subsidiary Company under the Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
Chatha Foods Limited has subscribed to 21,00,000 equity shares of its subsidiary Allana CF Foods Private Limited at Rs. 10 per share (at par), investing a total of Rs. 2.10 crore in cash. The investment was made through the subsidiary's rights issue. Chatha Foods continues to hold 70% in Allana CF Foods, with no change in its shareholding percentage. Allana CF Foods is a newly incorporated entity (April 2025) in the ready-to-eat and ready-to-cook food segment, with a paid-up capital of Rs. 27 crore. The transaction is at arm's length and is purely a cash consideration, with no promoter group interest beyond the existing shareholding.
A modest Rs. 2.10 crore cash deployment to maintain its 70% stake in a growth-stage food subsidiary, signalling continued support for the subsidiary's expansion without any dilution of Chatha Foods' holding. Likely neutral to mildly positive, as it shows ongoing capital commitment to the new venture rather than a new strategic move.