Foods & Inns has received an approval for the issue of 3,00,000 9% Non-cumulative Non-convertible Redeemable Preference Shares (RPS) of Rs 100 each for cash at par aggregating up to an amount of Rs 3 crore. The Board of Directors of the company at their meeting held on April 21, 2018, approved the same.
The board also approved the scheme of Amalgamation (the Scheme) between Finns Frozen Foods (India) (FFFIL) the Wholly Owned Subsidiary Company and Foods and Inns (FNIL).
Foods & Inns is a leading internationally reputed manufacturer and exporter of fruit pulp and concentrates in canned and aseptic packing, frozen pulp and vegetables, fruit powders etc.
