Krishival Foods to increase stake in subsidiary Melt ‘N’ Mellow Foods

Krishival Foods Limited announced that its Board of Directors has approved the partial utilization of Rights Issue proceeds for investment in its ice cream division. This will be achieved through the acquisition of additional equity shares in its subsidiary, Melt ‘N’ Mellow Foods Private Limited. The company's shareholding in Melt ‘N’ Mellow Foods will increase from 52.94% to 54.90%. The total consideration for this acquisition is up to ₹35 Crore, comprising cash subscription and conversion of an existing loan into equity. The acquisition is expected to be completed by September 30, 2026, and aims to strengthen Krishival Foods' presence in the food products segment and enhance operational synergies.