Nagarjuna Agri Tech to Acquire Kathleen Confectioners for Up to Rs. 23 Crores, Change Name to ZIMBA FOODS

Nagarjuna Agri Tech Ltd. has announced that its Board of Directors approved the acquisition of Kathleen Confectioners, a Partnership Firm, and Kathleen Food Private Limited, through the acquisition of 100% shareholding. The company will invest an amount of up to Rs. 23 Crores, subject to shareholder approval. The board has also decided to revise the indicative time period for completion of the acquisition to on or before 30th September, 2025. Furthermore, the board has approved a proposal to change the company's name to ZIMBA FOODS & BEVERAGES LIMITED OR ZIMBA FOODS LIMITED OR ZIMBA FOODS SPECIALITY LIMITED. The board has also approved the appointment of Mr. Rajesh Shaw as the Additional Director of the company.