Acquisition of shares
Price
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Tejassvi Aaharam's board approved the acquisition of 100% of Funk Foods Private Limited (FFPL) entirely through a share swap valued at about Rs 51.16 crore, with no cash outflow. FFPL makes freeze-dried, clean-label food products and reported a sharp jump in turnover from Rs 1.71 cr in FY24 to Rs 7.97 cr in FY25. To fund the swap, the company will issue up to 5.11 crore new equity shares at Rs 10 each to FFPL shareholders, taking authorized capital from Rs 25 cr to Rs 75 cr, subject to shareholder approval via postal ballot. Alongside, the company declared Q3 FY26 revenue of Rs 30.11 crore, up from Rs 3.53 crore in Q3 FY25, but remains loss-making with a 9-month FY26 loss of Rs 59.96 lakhs. The auditor issued an unmodified review report.
The deal adds a fast-growing food business to Tejassvi without straining cash, but existing 70 lakh shares will be diluted by roughly 5.11 crore new shares, significantly expanding the equity base. Revenue momentum is strong, though profitability has not yet turned around.