We wish to inform you that the Board of Directors of DSM Fresh Foods Limited, at its meeting held on June 02, 2026 which commenced at 03:30 P.M. and concluded at 03:47 P.M., has, inter ....
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The board of DSM Fresh Foods Ltd met on June 02, 2026 and approved two key items. First, Harish Kumar & Associates, a firm of Practicing Company Secretaries based in Greater Noida West, was appointed as Secretarial Auditor for the financial year ended March 31, 2026. Second, the board revised its earlier plan (announced January 21, 2026) to acquire 76% of Avyom Foodtech Private Limited and instead approved acquiring the full 100% equity stake for up to Rs. 10 crore in cash, making Avyom a wholly owned subsidiary. Avyom, a tiny company with FY25 turnover of only about Rs. 14.9 lakh (formerly IEY Education Pvt Ltd), is in food processing and is set to acquire the operational business of Ambrozia Frozen Foods through a slump sale. The transaction is flagged as a related party deal since promoters and directors are common to both companies, and will be carried out at arm's length.
Minor operational impact on the stock; the acquisition amount of Rs. 10 crore is small relative to typical M&A activity and the target has negligible turnover, so meaningful revenue contribution is unlikely in the near term. Shareholders should note the related-party nature of the deal, which requires careful monitoring of fairness and the synergies claimed.