Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ('Listing Regulations'), we wish to inform you that, ....
Awaiting price reaction for this filing.
Nagarjuna Agri Tech's board, at its December 30, 2025 meeting, approved a one-month extension (from December 31, 2025 to January 31, 2026; Annexure A indicates March 31, 2026) to complete its acquisition of Kolkata-based bakery chain Kathleen Confectioners (a partnership firm) and Kathleen Food Private Limited, citing unforeseen procedural hurdles. The deal, originally cleared by the board in March and June 2025 and approved by shareholders in the September 27, 2025 AGM, involves 100% stake in both entities for up to Rs. 15 crores in cash via bank transfer. Kathleen Confectioners runs 94 stores (20 owned, 74 franchised) with FY24 turnover of Rs. 12.09 crore and a net loss of Rs. 1.23 crore, while Kathleen Food Pvt Ltd posted FY24 turnover of Rs. 47.32 lakh and net profit of Rs. 16.28 lakh. The transaction is not a related-party deal and requires no regulatory approvals, with the strategic aim being to diversify Nagarjuna into the QSR and urban FMCG segment.
The delay is procedural and the deal terms remain unchanged, so it is largely neutral for shareholders, though prolonged extensions could raise minor concerns; investors should watch for final completion and integration of the bakery business in the coming months.