Desi Farms India Allots 28 Lakh CCPS for SNA Milk Acquisition

Desi Farms India Ltd announced the allotment of 28,06,200 Compulsorily Convertible Non-Cumulative Preference Shares (CCPS) at ₹135 each, aggregating to ₹37.88 crore. This allotment, including a premium of ₹125 per share, was made on a preferential basis to promoters and non-promoters. The issuance is part of the consideration for the acquisition of SNA Milk and Milk Products Limited through a share swap. The decision was approved in a Board Meeting and Securities Issue Committee Meeting held on July 4, 2026, following a special resolution from shareholders and in-principal approval from BSE.