Sagar Soya Products has received approval from Board of Directors for making investment up to the aggregate amount of Rs 94,00,000 in the equity share capital of Arvind Foods (target company) by acquiring 100% shareholding from the shareholders of the target company. The objective of investment is to utilize the valuable assets (including plant and machinery) of the target company and to increase in the production capacity of the Company.
The said investment shall increase the value of the Company and reduce unforeseen operating difficulties and expenditure. The Board of Directors of the Company in their meeting held on November 6, 2024, inter-alia, considered and approved the same.
Sagar Soya Products manufactures Soya and Soya Product.
