Joint Venture17 Mar 2026, 07:12 pm
DSM Fresh Foods Ltd to Incorporate Subsidiary Varuna Aquatech Private Limited
AI Summary
DSM Fresh Foods Ltd, at its Board Meeting held on 17th March 2026, approved the incorporation of a subsidiary, Varuna Aquatech Private Limited, to capitalize on future growth opportunities in the aquaculture and allied business sector. The Company will acquire 71% shareholding of the proposed company, while Mr. Rajnish Kumar and Mr. Akhil Gupta will hold 20% and 9% share capital respectively.
Key Highlights
- DSM Fresh Foods Ltd to incorporate a subsidiary, Varuna Aquatech Private Limited
- Subsidiary to undertake focused operations in aquaculture and allied business sector
- DSM Fresh Foods Ltd to acquire 71% shareholding of the proposed company
- Mr. Rajnish Kumar and Mr. Akhil Gupta to hold 20% and 9% share capital respectively
- Incorporation in line with the Company’s expansion strategy