Disclosure under Reg 7(2) of SEBI PIT Regulations, 2015 for Acquisition of Shares.
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Kore Foods Limited disclosed that Team24 Foods and Beverages Private Limited, part of the promoter group, acquired 11,500 equity shares of the company on April 2, 2025 through an off-market purchase under a Share Purchase Agreement (SPA). The transaction value was approximately Rs 21.96 lakh. Following this acquisition, the promoter group's holding in Kore Foods rose from 56.20% to 56.65%. The disclosure was filed under SEBI's Prohibition of Insider Trading Regulations. No derivatives trading was involved in the transaction.
The promoter group has marginally increased its stake in Kore Foods, reinforcing existing controlling interest. While the increase is small (about 0.45 percentage points), it signals continued promoter confidence. The off-market nature and small size suggest this is a routine consolidation rather than a strategic shift, so limited short-term price impact is expected.