The Company has entered into Share Purchase Agreement dated 27th February, 2026 for the acquisition of 100% stake in Mementos Foods Limited, Satyarath Foods Private Limited, Kostub Foods ....
Awaiting price reaction for this filing.
Alka India Limited (BSE: 530889, ALKA) has signed Share Purchase Agreements on February 27, 2026 to acquire 100% stakes in 7 companies — Mementos Foods, Satyarath Foods, Kostub Foods, Neurich Nutrifoods, Phycus Nutrifoods, Philimont Nutrifoods, and Grefos International — all based in Gujarat and operating in agro products, cereals, pulses, basmati rice, grains, beans, peas, and oilseeds. The deals are entirely share-swap based, with the company issuing roughly 23.2 crore new equity shares of Re. 1 face value at Rs. 15 per share (Rs. 60 for Satyarath), valued at approximately Rs. 375–380 crore. All 7 targets will become wholly-owned subsidiaries. Three of the seven acquisitions (Mementos, Satyarath, Kostub) involve the promoter group as sellers, though the company claims these do not qualify as related-party transactions under SEBI rules. The acquisitions are subject to shareholder and regulatory approvals, expected to close within about 15 days of approvals.
This will massively dilute existing shareholders, with roughly 23 crore new shares being issued — a very significant expansion of the share count. Minority investors should watch for potential value creation from these food-distribution assets, but also be cautious about the steep dilution and the related-party nature of three of the seven deals.