Shareholding12 Mar 2026, 05:52 pm
Krishival Foods Ltd. Grants Loan to Subsidiary, Melt 'N' Mellow Foods, and Approves Loan Conversion to Equity
AI Summary
Krishival Foods Ltd. held a Board Meeting on March 12, 2026, where they approved several key decisions. The company approved a loan to its subsidiary, Melt 'N' Mellow Foods Private Limited (Ice Cream Division), subject to the approval of the company's members. The loan is in addition to the Rs. 25 Crore loan previously approved. The company also approved the conversion of all loans into equity shares in one or more tranches at a future date, subject to member approval. The e-voting period for these decisions begins on March 15, 2026, and ends on April 13, 2026. The results will be published by April 14, 2026.
Key Highlights
- Krishival Foods Ltd. granted a loan to its subsidiary, Melt 'N' Mellow Foods Private Limited.
- The loan is in addition to the Rs. 25 Crore loan previously approved.
- The company approved the conversion of all loans into equity shares in one or more tranches at a future date.
- The e-voting period for these decisions begins on March 15, 2026, and ends on April 13, 2026.
- The results of the e-voting will be published by April 14, 2026.