Desi Farms India Approves Share Allotment for Acquisitions

Desi Farms India Limited has approved the allotment of 2,11,07,790 equity shares on a preferential basis to shareholders of SNA Milk and Milk Products Limited and DFSU Farmer Connect Private Limited. This move is part of Desi Farms' strategic expansion and diversification into the milk and dairy products sector. The acquisition aims to diversify business operations, improve infrastructure utilization, achieve operational synergies, and enhance consolidated revenues and long-term financial performance. The transaction is considered a related party transaction but is executed at 'arm's length' based on a valuation report. Desi Farms has secured necessary approvals, including from BSE Limited.