Announcement under Regulation 30- MOU with Shree Vrajendra Foods Private Limited
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Le Lavoir Limited has signed an MoU on June 30, 2025 to acquire a 51% stake in Shree Vrajendra Foods Private Limited, a recently incorporated company in the food industry dealing in edible oil, food grains, and related products. The deal will be funded entirely through a share swap — Le Lavoir will issue its own shares to the promoter of Shree Vrajendra Foods, with the number of shares based on Le Lavoir's prevailing market price on the BSE on the date of signing. The target company is new, with an authorized and paid-up capital of just ₹1,00,000, and is based in Rajkot, Gujarat. The acquisition is outside Le Lavoir's current line of business and is aimed at diversifying into the food sector. The deal is subject to shareholder approval via special resolution and BSE clearance.
Existing shareholders of Le Lavoir will face dilution as new shares will be issued to the target's promoter under the share swap. The move signals a strategic pivot into the food and edible oil segment, which could expand revenue streams but also introduces business execution risk given the target's lack of operating history.