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Signature Green Corporation Limited (formerly Sagar Soya Products Limited) has informed BSE that it has acquired 60,120 equity shares of Arvind Foods Limited, representing 60.19% of its paid-up share capital. The company stated that certain technical issues delayed completion of the full acquisition and that it is working to acquire the remaining shares. It intends to consolidate full shareholding in Arvind Foods Limited during the next quarter. The disclosure was filed under Regulation 30 of SEBI LODR Regulations, 2015.
This acquisition gives Signature Green Corporation a controlling stake in Arvind Foods Limited, which could reshape its business operations and revenue mix. Shareholders should watch for further updates on full consolidation, integration plans, and any related open offer obligations in the coming quarter.