Acquisition |
| Name of acquirer* | Tradio Exim Private Limited |
| Relationship of acquirer with the listed entity* | Subsidiary |
| Details of other relation with acquirer | |
| Name of the target entity | Premdhara Agro India Private Limited |
| Latest financial parameter of target entity |
| Turnover ( In crore)* | 31.27 |
| PAT ( In crore)* | 0.4787 |
| Networth ( In crore)* | 1.97 |
| Other | |
| Whether the acquisition would fall within Related Party Transaction(s)?* | No |
| Date of board meeting in which RPT approval taken | |
| Date of audit committee meeting in which RPT approval taken | |
| Whether the said RPT is material?* | |
| Date of approval from shareholders | |
| Whether the promoter / promoter group / group / associate / holding / subsidiary companies / Director&KMP and its relatives have any interest in the entity being acquired?* | No |
| Nature of interest and details thereof | |
| Whether the same is done at “arms length”?* | Yes |
| Whether special resolution is passed/proposed? | |
| Date of Special Resolution | |
| Industry to which the entity being acquired belongs* | The entity operates in manufacturing, food processing and trading of food products and similar or allied products, including agricultural produce and value-added products, and to undertake activities connected with agriculture, food processing, engineering, industrial and commercial fields. |
| Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)* | The acquisition of 51% equity stake in PAIPL, which is engaged in the rice/food grain business, by TEPL, and operating in the same line of business, is proposed with the objective of expanding and strengthening the presence in the rice segment. The acquisition is expected to provide strategic and operational synergies, enhance market reach, and improve supply chain and distribution efficiencies through integration of the operations of TEPL and PAIPL. Upon completion of the acquisition, PAIPL will become a subsidiary of TEPL and consequently a step-down subsidiary of V R Infraspace Limited, thereby aligning the rice business within the overall business structure and supporting the long-term growth strategy. |
| Whether any governmental or regulatory approvals required for the acquisition?* | NA |
| Provide brief details of any governmental or regulatory approvals | |
| Whether the transaction will be in tranches* | Yes |
| Indicative time period for completion of the acquisition* | Within six months |
| Nature of consideration- whether cash consideration or share swap and details of the same* | Cash |
| Details of consideration | Rs. 10 per share |
| Cost of acquisition or the price at which the shares are acquired (Total value) ( Rs in Crore)* | 0.76 |
| Existing percentage of shareholding held by acquirer* | 0% |
| Percentage of Control acquired | |
| Percentage of shares acquired (additional, if existing holding persists) | |
| Brief background about the entity acquired in terms of products/line of business acquired* | Manufacturing, food processing and trading of food products and similar or allied products. |
| Date of incorporation | 23-02-2026 |
| History of last 3 years turnover | Year Description
(YYYY-YY) | Amount of turnover
(In Crore)) |
| 1st Previous year turnover | 2024-2025 | 62.35 |
| 2nd Previous year turnover | 2023-2024 | 58.21 |
| 3rd Previous year turnover | 2022-2023 | 35.08 |
| Country in which the acquired entity has presence* | India |
| Any other significant information (in brief) | Premdhara Agro India Private Limited (hereinafter referred to as “PAIPL”) was earlier operating in the Food business as a Limited Liability Partnership since October 26, 2017. Subsequently, the said LLP was converted into Private Limited on February 23, 2026, pursuant to the applicable provisions of the Companies Act, 2013 and the Limited Liability Partnership Act, 2008, and the business operations of the LLP were continued by the Company. Turnover for the last three years pertains to the period when the business was operated as an LLP prior to its conversion into PAIPL on February 23, 2026. |