Further to its letters dated 07 March 2022 regarding expansion of business of Company, Pursuant to Regulation 30 and other applicable regulations of the SEBI (LODR) Regulations, 2015, Dodla Dairy has informed that the Company has executed a Business Transfer Agreement ('Agreement') with Sri Krishna Milks ('SKMPL') for acquisition of Business as a 'going concern' and on a slump Purchase basis for consideration of Rs 50 crores on the terms and conditions more specifically defined in the Agreement. Further, the details as required under Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 09 September, 2015 with respect to acquisition of commodities business is enclosed as Annexure A to this letter.
The above information is a part of company’s filings submitted to BSE.
