The Company had entered Business Acquisition Agreement with M/s. Kathleen Confectioners to acquire the Partnership Firm and Share Purchase Agreements ('SPAs'), and other transaction documents ....
Awaiting price reaction for this filing.
Nagarjuna Agri-Tech Limited's board, at its meeting on September 30, 2025, approved the execution of a Business Takeover Agreement with M/s. Kathleen Confectioners (a partnership firm) and a Share Purchase Agreement with M/s. Kathleen Food Private Limited to acquire 100% of their share capital. The total investment is up to approximately Rs 15 Crores, payable in cash via bank transfer in one or more tranches. Kathleen Confectioners is a Kolkata-based bakery chain with a 40-year legacy operating 94 stores (20 company-owned and 74 franchisees), with a turnover of about Rs 12.10 Crores in FY24. The acquisition timeline has been extended from September 30, 2025 to December 31, 2025. The deal is not a related-party transaction and no regulatory approvals are required.
This acquisition gives Nagarjuna Agri-Tech a foothold in the high-growth QSR and bakery segment, diversifying beyond its core agri-tech business and bringing in an established brand with retail scale. Short-term stock reaction may be positive given the strategic expansion narrative, though investors should watch for execution risk and integration challenges given Kathleen's recent net losses.