Desi Farms India Limited

Operates as a micro-cap entity whose FY25 revenue of Rs. 0.4673 crore came entirely from 'Other Income', with no operating revenue from goods or services. The original classification was Road Transport, but the company's only reported segment-level revenue line is Other Income (Rs. 0.31 crore in the quarter ended June 2025, 100% of segment revenue), suggesting the legacy transport business is inactive. Employee cost was 12.2% of FY25 revenue, while other operating expenses were 169.6% of revenue, leaving the P&L loss-making at the operating level. Total assets stood at Rs. 0.3036 crore at FY25 end. The entity was renamed from SER Industries Limited to Desi Farms India Limited on March 19, 2026, and is shifting its registered office from Karnataka to Maharashtra. The bulk of recent corporate activity involves acquiring dairy and ice cream businesses: a 71.09% stake in SNA Milk and Milk Products Limited (FY25 turnover Rs. 33.74 crore, up from Rs. 17.9 crore in FY23) and a 42.69% stake in DFSU Farmer Connect Private Limited (ice cream and snacks). Both deals were share-swap transactions, with 2,11,07,790 equity shares allotted at Rs. 135 each (about Rs. 284.96 crore consideration), expanding equity capital from 98.96 lakh shares to 3.28 crore shares. Promoter Sunil Kumar Shahi's holding rose from 55.30% to 59.77%.