Jeyyam takes 49% stakes in two chana LLPs; CS resigns
JEYYAM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jeyyam Global Foods board approved 49% partner stakes in two new chana-focused LLPs, Krishidhara Chana Foods and Dhanyasamriddhi Foods. Initial contribution is Rs 49,000 each, with total investment capped at Rs 10 lakh. Both are related party transactions at arms length, aimed at expanding business verticals and raw material sourcing for chana. Separately, Company Secretary M. Nithya resigned citing health reasons, and Managing Director Periyasamy Rathinavel will act as interim Compliance Officer.
Tiny capital outlay, so financial impact is minor; modest vertical push into chana. Related party nature and KMP change merit a watch.