Chatha Foods and Frigorifico Allana (FAPL) have entered into a Shareholders Agreement (SHA) to incorporate a Joint Venture Company (JV Company) to conduct the business of manufacturing and sale of RTC/RTE Meat Products and RTC/RTE Chicken Products and to set up a processing plant with a capacity of 6000 MT and 4500 MT per year respectively. Chatha Foods shall hold Ownership Percentage representing 70% of the Share Capital of the JV Company and the remaining 30% shall be held by FAPL.
The main object of the JV Company shall be to carry on the activities of manufacturing/processing of ready-to-cook and ready-to-eat Meat products (RTC/RTE Meat Products) and ready-to-cook and ready-to-eat chicken products (RTC/RTE Chicken Products) and to do the activities of storage, freezing, distribution, sale, and transport of RTC/RTE Chicken Products and RTC/RTE Meat Products, both in domestic and international markets.
Chatha Foods is engaged in the business of food processing in India. It is engaged in frozen and ready to eat meat and vegan foods manufacturer and retails an array of ready to eat and frozen meat and vegan products under the brand ‘Swiss Naturen’ and ‘The Field Grill’.
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