Hindustan Foods Ltd to Acquire Business Undertaking of Ultra Beauty Care for INR 19,90,00,000

Hindustan Foods Limited (HFL) has executed a Business Transfer Agreement (BTA) with Ultra Beauty Care Private Limited for the acquisition of its Business Undertaking. The Undertaking is located at C-15, Five Star Industrial Area MIDC Shendra, Aurangabad, Maharashtra, India – 431201 and is engaged in the business of contract manufacturing of comprehensive range of ayurvedic, herbal beauty care and cosmetic products. The transaction is on a slump sale and going concern basis, subject to customary approvals as required under applicable laws. The acquisition is expected to be completed by the 1st Quarter of FY 2026-27 and the Undertaking will be acquired for a cash consideration of INR 19,90,00,000/- (Rupees Nineteen Crores and Ninety Lakhs only).