Announced Sat, 5 Sept · 15:17 IST
13th AGM Sep 29: slump sales to 5 subsidiaries, MoA expansion, RPT approvals
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
AGM on Sep 29. Key items: slump sale of 5 business units (Beverages, Snacks, POS, Nutracare, Consumer) to subsidiaries via share swap of about Rs 4.24 crore plus IPR transfer of about Rs 4.83 crore. MoA alteration to expand into software, farming, cosmetics. RPT approval of Rs 40 crore per annum for 3 years with MD Manish Turakhia. New ED Ashish Kamdar and Director Hiren Jain proposed. Cut-off Sep 22.
Likely market impact
Major restructuring with business carve-outs to subsidiaries; related party deals up to Rs 40 crore per year need shareholder nod. Watch voting outcome.