The board of directors of the company at their meeting held on 30th June, 2026 authorised to subscribe 3,80,000 fully paid equity shares at the price of INR 198 (having face value of INR ....
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Fratelli Vineyards Ltd's board has approved subscribing to 3,80,000 fully paid equity shares of its wholly owned subsidiary, Fratelli Wines Private Limited (FWPL), at Rs. 198 per share, taking the total investment to Rs. 7.52 crore. The price includes a premium of Rs. 188 over the Rs. 10 face value. FWPL is in the wine and alcoholic beverages business and reported a turnover of Rs. 181.20 crore in FY26 (Rs. 178.44 crore in FY25). The funds are being deployed to meet FWPL's working capital needs. The transaction is a related party deal (as FWPL is a 100% subsidiary) conducted at arm's length, with no change in the parent's shareholding in FWPL. Completion is expected by August 30, 2026.
This is an internal capital infusion into a wholly owned subsidiary, so there is no dilution for existing shareholders of Fratelli Vineyards and no change in the group structure. It strengthens the subsidiary's working capital position and signals continued investment in the wine business, though the size of the infusion (Rs. 7.52 crore) is relatively modest.