We hereby inform that the company has entered into a Memorandum of Undertaking ("MOU") dated December 08, 2025 with Holkar Somnath Milk & Agro Products Private Limited, Kindly take the ....
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Sonalis Consumer Products Ltd has signed an MOU dated December 08, 2025 to acquire 100% of Holkar Somnath Milk & Agro Products Pvt. Ltd, a Pune-based dairy and agro products company. The deal involves buying 42,50,000 equity shares for a total cost of Rs. 17.00 crore, payable through cash and non-cash consideration. The target company is currently non-operational with NIL turnover due to financial crises, but deals in milk procurement, processing, dairy products (curd, lassi, paneer, ghee), cattle feed, and packaged drinking water. The acquisition is not a related party transaction and is expected to close within 6 months subject to customary conditions.
This acquisition expands Sonalis Consumer Products' footprint in the dairy and agro products segment, potentially adding new revenue streams once the target becomes operational again. For shareholders, the deal signals strategic diversification, though the lack of current operations at the target means benefits will depend on revival of business post-acquisition.