Board approves merger of step-down subsidiary Del Monte Foods India North into DMF

Sundrop Brands' material wholly-owned subsidiary Del Monte Foods Private Limited (DMF, turnover about 670 crore) will merge with its step-down subsidiary Del Monte Foods India North (DMFN, turnover about 83 crore) under the fast track route of Section 233 of Companies Act 2013. Both boards approved the scheme on 9 July 2026. As a 100 percent wholly-owned subsidiary merger, no new shares will be issued and the listed company's shareholding remains unchanged. The merger aims to simplify structure, cut costs and remove a subsidiary layer.