Acquisitions2 Jun 2026, 10:02 pm
DSM Fresh Foods to acquire 100% stake in Avyom Foodtech
AI Summary
DSM Fresh Foods Limited announced a significant strategic move following its Board of Directors meeting on June 02, 2026. The company has approved increasing its stake in Avyom Foodtech Private Limited from an initial proposed 75% to a full 100% acquisition. This move is aimed at strengthening DSM Fresh Foods' presence in the food processing and allied sector. The acquisition, valued at up to ₹10.00 crores, is expected to be completed within 3-9 months and will result in Avyom Foodtech becoming a wholly-owned subsidiary. Additionally, the board appointed Harish Kumar & Associates as the Secretarial Auditor for the financial year ended March 31, 2026.
Key Highlights
- DSM Fresh Foods to acquire 100% stake in Avyom Foodtech for up to ₹10 Cr.
- Acquisition aims to strengthen DSM Fresh Foods' position in the food processing sector.
- Avyom Foodtech will become a wholly-owned subsidiary post-acquisition.
- Harish Kumar & Associates appointed as Secretarial Auditor.
- Acquisition expected to be completed within 3-9 months.