Tejassvi Aaharam Approves 5.11 Cr Share Allotment for Funk Foods Acquisition

Tejassvi Aaharam Ltd's Board of Directors has approved the preferential allotment of 5,11,62,204 equity shares at ₹10 each, aggregating ₹51.16 crore. This allotment is for consideration other than cash, specifically for the acquisition of 33,67,042 equity shares of Funk Foods Private Limited through a share swap. The decision follows shareholder approval via postal ballot on March 26, 2026, and in-principle approval from BSE on July 7, 2026. The newly allotted shares will rank pari passu with existing equity shares. This move is part of the company's strategy to acquire Funk Foods Private Limited.