Sundrop Brands Board Approves Amalgamation of Wholly-Owned Subsidiaries

Sundrop Brands Ltd announced that its Board of Directors has approved a Scheme of Amalgamation between its material wholly-owned subsidiary, Del Monte Foods Private Limited (DMF), and its step-down wholly-owned subsidiary, Del Monte Foods India (North) Private Limited (DMFN). The amalgamation, to be carried out under the fast-track route as per Section 233 of the Companies Act, 2013, aims to enhance operational flexibility, simplify business structure, achieve cost synergies, and reduce compliance costs. DMFN will be merged into DMF. The provisional turnover for FY26 was INR 670.27 Cr for DMF and INR 83.29 Cr for DMFN. As it's a 100% WOS merger, no new shares will be issued, and DMF's investment in DMFN will be cancelled. Related party transaction provisions are not applicable.