Update on Acquisition of SNA Milk and Milk Products Limited.
M&A
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 04 Jul 2026, 09:14 PM IST · BSE ID: e69e1814-583b-4824-83c2-fd42913ec203
View Original BSE Filing (PDF)
💡
In Simple Terms
Desi Farms India bought 12.39% of SNA Milk and Milk Products for ₹37.88 Crores using shares, expanding into dairy.
🤖 AI Summary
- Desi Farms India Limited acquired a 12.39% stake in SNA Milk and Milk Products Limited for approximately ₹37.88 Crores.
- Consideration for the acquisition was 28,06,200 3% Compulsorily Convertible Non-Cumulative Preference shares via share swap.
- SNA Milk and Milk Products Limited recorded a turnover of ₹33,74,44,514/- for its most recent financial year.
- The acquisition is a related party transaction, executed at “arm’s length” based on a Registered Valuer's report.
- The company plans for 100% acquisition of SNA Milk and Milk Products Limited.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Stake Acquired in SNA
12.39%
Cost of Acquisition (12.73% stake)
Rs. 37.88 Crores
Preference Shares Allotted
28,06,200
SNA Milk Turnover (most recent FY)
₹33,74,44,514/-
🏢 How This Affects the Company
This acquisition enables Desi Farms India Limited to enter the milk and milk products sector, diversifying its operations beyond logistics. The move is intended to leverage a stable, consumption-driven market and expand its product portfolio.
The acquisition involved a consideration of approximately Rs. 37.88 Crores through a share swap, resulting in the issuance of 28,06,200 3% Compulsorily Convertible Non-Cumulative Preference shares. It is expected to improve consolidated revenues and long-term financial performance.
Desi Farms India Limited will integrate SNA Milk and Milk Products Limited's operations, including raw milk procurement, processing, packaging, cold-chain storage, and distribution. This aims for better utilization of infrastructure and operational synergies.
The acquisition is classified as a related party transaction, as Mr. Sunil Kumar Shahi, a Promoter/Promoter Group member of Desi Farms, is a Director/Shareholder of SNA. However, the transaction was executed at "arm's length" based on a Registered Valuer's report.
👥 What This Means For Shareholders
✅
Action Required
No action is required from existing shareholders based on this filing.
👤
Who Is Affected
Shareholders of Desi Farms India Limited are affected by the issuance of 28,06,200 3% Compulsorily Convertible Non-Cumulative Preference shares, diluting preference shareholding for the acquisition of 12.39% of SNA.
🔍
Management Signal
Management's decision indicates a clear intent for strategic expansion and business diversification into the dairy sector, leveraging potential operational synergies.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Announcement of the completion of 100% acquisition of SNA Milk and Milk Products Limited.
Financial results for periods reflecting integration of SNA Milk and Milk Products.
Updates on operational synergies and diversified revenue generation post-acquisition.
MEDIUM RISK
The acquisition is a related party transaction, though stated to be at "arm's length" based on valuation.
💡 Investor Takeaway
Desi Farms India Limited acquired 12.39% of SNA Milk and Milk Products Limited for approximately Rs. 37.88 Crores via a share swap. SNA reported a turnover of ₹33,74,44,514/- for its most recent financial year, signaling entry into the dairy sector.
⚖️ Strengths & Concerns
✅ Positives
- Strategic diversification into the stable, consumption-driven milk and milk products sector, complementing existing logistics business.
- Acquisition executed at “arm’s length” based on a Registered Valuer's report, despite being a related party transaction.
⚠️ Concerns
- The initial acquisition of 12.39% stake in SNA Milk and Milk Products Limited is part of an ongoing 100% acquisition process.
- The transaction involves a related party, with a Promoter/Promoter Group member holding directorship/shareholding in SNA.
📅 Company Track Record
No previous filings found for Desi Farms India Ltd, formerly SER Industries Limited. This is the first disclosed acquisition for the company.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What stake did Desi Farms India Limited acquire in SNA Milk and Milk Products Limited?
Desi Farms India Limited acquired a 12.39% stake in SNA Milk and Milk Products Limited on a fully diluted basis as of July 4, 2026.
What was the consideration for the acquisition of SNA Milk and Milk Products Limited?
The acquisition involved consideration other than cash through a share swap, with Desi Farms India Limited issuing 28,06,200 3% Compulsorily Convertible Non-Cumulative Preference shares.
What was the turnover of SNA Milk and Milk Products Limited for its most recent financial year?
SNA Milk and Milk Products Limited recorded a turnover of ₹33,74,44,514/- for its most recent financial year.
Is the acquisition of SNA Milk and Milk Products Limited a related party transaction?
Yes, the acquisition falls under a related party transaction because Mr. Sunil Kumar Shahi, from the Promoter/Promoter Group of Desi Farms, is a Director/Shareholder of SNA Milk and Milk Products Limited.
What is the cost of acquisition for the stake in SNA Milk and Milk Products Limited?
The cost of acquisition for 12.73% stake in SNA Milk and Milk Products Limited is approximately Rs. 37.88 Crores.
Questions based on this BSE filing only. For information purposes.