Chatha Foods Ltd. Enters Shareholders’ Agreement with Frigorifico Allana Private Limited

Chatha Foods Ltd. (CFL) has executed a Shareholders’ Agreement (SHA) with Frigorifico Allana Private Limited (FAPL) to establish a joint venture company. The joint venture aims to manufacture and sell ready-to-cook and ready-to-eat meat and chicken products. CFL will hold 70% of the share capital and FAPL will hold the remaining 30%. The agreement includes special rights for both parties, such as the right to appoint directors and share subscription rights. The equity shares will be issued at Rs. 10 each. The joint venture will have a board of 3 directors, with CFL appointing 2 and FAPL appointing 1. No potential conflict of interest arises from this agreement.