The Board of Directors approved the appointment of Mr. Ayush Munnalal Sharma as the Independent Director (Additional) of the company.
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Awaiting price reaction for this filing.
At a board meeting on January 20, 2026, Desi Farms India approved a sweeping set of decisions including redesignating Mr. Sunil Kumar Shahi from Executive Director to Managing Director and Chairman (5-year term), appointing Mr. Shrenik Rajiv Karnawat as the new CFO, and appointing Mr. Ayush Munnalal Sharma as an Additional Independent Director. The board also approved two related-party acquisitions totaling approximately Rs 552.81 crores, to be paid entirely through a share swap at Rs 135 per share: 100% of dairy company SNA Milk and Milk Products Limited (FY25 turnover ~Rs 33.74 crores) for Rs 305.80 crores, and 100% of DFSU Farmer Connect Private Limited (ice cream and snacks, incorporated August 2025) for Rs 247 crores. Authorized capital will be raised from Rs 6 crores to Rs 46 crores to accommodate the issuance of ~3.21 crore equity shares plus 3% CCPS and 5% CCDS to the sellers.
These acquisitions shift the company's business mix from logistics into dairy and ice cream, but both are flagged as related-party transactions because promoters and directors are common to Desi Farms and both target companies (Mr. Sunil Kumar Shahi is the founder of SNA Milk). Existing shareholders will face substantial dilution via the preferential issue, although the Rs 135 issue price carries a premium over the Rs 10 face value. Retail investors should closely evaluate the related-party valuation, the shareholder vote, and the post-issue shareholding pattern where promoter group will hold about 46.85%.