Update on acquisition
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Signature Green Corporation Limited has completed the acquisition of 100% equity shareholding in Arvind Foods Limited, making it a wholly owned subsidiary. The company had earlier acquired 60.19% in November 2025 and has now acquired the remaining stake, bringing total holdings to 100%. The deal was done through cash consideration of INR 94 per share for 99,880 equity shares, aggregating to about INR 93.88 lakh. Arvind Foods, which had no business operations in the last 3 years, has net worth of about INR 93.71 lakh and fixed assets of about INR 77.50 lakh (including land, building and plant & machinery). The acquisition is in the food and agriculture sector and is classified as a related party transaction, as directors of the target are relatives of Mr. Arvindbhai Patel, Chairman and CFO of Signature Green.
Arvind Foods will now be consolidated as a 100% subsidiary, adding to production capacity and asset base. The target had no recent revenue, so near-term earnings impact is limited, but the deal brings valuable plant and machinery to expand operations. Shareholders should note the related-party nature of the transaction, though it was conducted at arm's length based on a valuation report.