Outcome of the meeting of the Board of Directors of the company held at the registered office of the company at L-5, B-II, Krishna Marg, C-Scheme Jaipur - 302001, Rajasthan, India on Saturday, ....
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Spectrum Foods Limited held a board meeting on October 25, 2025, at its registered office in Jaipur. The board approved the acquisition of the remaining 20% equity shares of Siyana Resort Private Limited (currently an 80% subsidiary) from Girdhar Saboo (15%) and Aditya Saboo (5%), making Siyana Resorts a wholly owned subsidiary. The acquisition consideration has already been paid to the sellers. Additionally, the board approved transferring the Samskara Resort & Spa in Pushkar to Siyana Resorts as a going concern through a business transfer arrangement. The company has stated this transfer does not amount to a disposal of substantially the whole undertaking under Section 180(1)(a) of the Companies Act, 2013, so shareholder approval is not required.
This is an internal group restructuring that consolidates hospitality operations under a single wholly owned subsidiary. While not expected to materially change consolidated financials, it signals a focused hospitality strategy under Siyana Resorts. Shareholders should note that Managing Director Girdhar Saboo is also a seller in the related transaction, though pricing/valuation details were not disclosed in this filing.