Outcome of meeting of the Board of Directors of DSM Fresh Foods Limited held on 21st January,2026 to invest the funds of the company by way of participating in preferential issue of Avyom ....
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DSM Fresh Foods Ltd (BSE: ZAPPFRESH) board has approved acquiring up to 76% equity stake in Avyom Foodtech Private Limited (formerly IEY Education Private Limited) through a preferential issue worth up to Rs. 8 crore in cash. This is a revised version of an earlier board decision from 31 December 2025. The deal will make Avyom a subsidiary of DSM Fresh Foods. The acquisition is linked to Avyom's plan to acquire the operational food processing business of Ambrozia Frozen Foods via a slump sale. The transaction is a related-party deal as promoters and directors are common between DSM and Avyom, though it will be done at arm's length. Completion is expected within 3–9 months.
This is a strategic acquisition that expands DSM's footprint in the food processing sector and could add a new business line through Avyom's tie-up with Ambrozia Frozen Foods. For shareholders, the deal size is relatively small (Rs. 8 crore) and involves a related party, so investors should watch for the final terms, valuation fairness, and any synergy benefits once Avyom's Ambrozia acquisition closes.