ADF Foods has received approval for acquisition of additional shares in Telluric Foods (India) (TFIL), Wholly Owned Subsidiary of the Company by way of further investment of up to Rs 10 crore, in one or more tranches, in Optionally Convertible Redeemable Preference Shares (OCRPS) of TFIL.
Further, the aforesaid investment will down-stream to Telluric Foods, a stepdown Wholly Owned Subsidiary of the Company, by TFIL and the same will be used to support the brand building and working capital requirement of the said subsidiary for FY 2026-27. The Board of Directors of the company, at its Meeting held on May 13, 2026, inter alia considered and approved the same.
ADF Foods is a leading global food manufacturing company and distributor with a presence in many countries.
