Hindustan Foods Invests Rs. 43 Crores in Wholly Owned Subsidiary KNS Shoetech

Hindustan Foods Limited has invested Rs. 43,00,00,000 in KNS Shoetech Private Limited, a Wholly Owned Subsidiary engaged in the manufacturing of sports shoes and sneakers. The investment was made by way of subscription to Rights Issue of 4,30,00,000 Equity Shares of Rs. 10/- each at par. This investment does not fall within related party transactions and there is no change in the shareholding percentage of the Company in KNS Shoetech. The said Shares were allotted on September 10, 2024.