Updates on acquisition of SNA Milk and Milk Products Limited and DFSU Farmer Connect Private Limited.
M&A
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 07 Jul 2026, 08:10 PM IST · BSE ID: 700a03bb-5dbe-48e1-8d1e-0886fe117ff5
View Original BSE Filing (PDF)
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In Simple Terms
Desi Farms India completed acquiring majority stakes in SNA Milk and DFSU, expanding into the dairy and food products sector.
🤖 AI Summary
- Desi Farms India approved allotment of 36,56,494 5% Compulsorily Convertible Debentures on a preferential basis.
- This allotment facilitated the acquisition of 73.66% stake in SNA Milk and 62.67% stake in DFSU.
- The stake in SNA Milk includes prior acquisitions via 3% Compulsorily Convertible Preference Shares and Equity Shares on July 04, 2026.
- SNA Milk and DFSU are related party transactions, with Mr. Sunil Kumar Shahi (Promoter Group) being a Director/Shareholder.
- SNA Milk recorded a turnover of ₹33,74,44,514/- for the most recent financial year.
🔢 Key Numbers — exact figures from BSE filing, not rounded
5% Compulsorily Convertible Debentures Allotted
36,56,494
SNA Milk and Milk Products Limited Stake Acquired
73.66%
DFSU Farmer Connect Private Limited Stake Acquired
62.67%
SNA Milk and Milk Products Limited Turnover (most recent financial year)
₹33,74,44,514/-
🏢 How This Affects the Company
The acquisition enables Desi Farms India to enter the stable, consumption-driven milk and milk products sector, diversifying its business operations from logistics. This is intended to improve consolidated revenues and long-term financial performance.
The company allotted 36,56,494 5% Compulsorily Convertible Debentures for consideration other than cash, impacting its capital structure. Operational synergies from the acquisition are expected to contribute to consolidated revenues.
Desi Farms India will integrate the manufacturing, processing, and distribution operations of SNA Milk and DFSU, expanding its supply chain in dairy and allied food products. This involves managing new production facilities and cold-chain storage.
The acquisition falls under related party transactions, with Mr. Sunil Kumar Shahi from the Promoter Group having interests in SNA and DFSU. The company states the transaction was executed at "arm’s length" based on a Registered Valuer's report.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this acquisition update.
👤
Who Is Affected
Shareholders of Desi Farms India Limited are affected by the expansion of the company's business into the dairy sector and the issuance of 36,56,494 Compulsorily Convertible Debentures.
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Management Signal
Management is signaling a clear intent for strategic diversification and expansion beyond its existing logistics business into the dairy and food products segment.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Completion of 100% acquisition of SNA and DFSU as planned.
Desi Farms India's next financial results — assess revenue contribution from new acquisitions.
Future updates on integration progress and operational synergies.
MEDIUM RISK
The acquisitions are related party transactions, requiring careful consideration of independent valuation and arm's length execution.
💡 Investor Takeaway
Desi Farms India completed the allotment of 36,56,494 5% Compulsorily Convertible Debentures to acquire a 73.66% stake in SNA Milk and 62.67% in DFSU. SNA Milk reported a turnover of ₹33,74,44,514/- for its recent financial year.
⚖️ Strengths & Concerns
✅ Positives
- Acquisition enables diversification into the stable, consumption-driven milk and milk products sector, enhancing revenue streams.
- SNA Milk and Milk Products Limited recorded a turnover of ₹33,74,44,514/- for its most recent financial year, indicating existing scale.
⚠️ Concerns
- DFSU Farmer Connect Private Limited was incorporated on August 27, 2025, providing limited operational history for the entity.
- Both acquisitions are related party transactions with the Promoter / Promoter Group having interests in the target entities.
📅 Company Track Record
Desi Farms India previously intimated on July 4, 2026, the acquisition of 71.09% of SNA Milk and 42.69% of DFSU via 2,11,07,790 preferential shares. Another filing on the same date detailed the acquisition of 12.39% of SNA Milk for ₹37.88 Crores.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What stake did Desi Farms India acquire in SNA Milk and DFSU Farmer Connect?
Desi Farms India Limited has acquired a 73.66% stake in SNA Milk and Milk Products Limited on a fully diluted basis and a 62.67% stake in DFSU Farmer Connect Private Limited.
How was the acquisition of SNA Milk and DFSU Farmer Connect funded?
The acquisition was funded through the allotment of 36,56,494 5% Compulsorily Convertible Debentures on a preferential basis, for consideration other than cash, to the shareholders of SNA and DFSU.
What was the turnover of SNA Milk and Milk Products Limited for the 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 DFSU Farmer Connect a related party transaction?
Yes, the acquisition falls under related party transactions, as SNA and DFSU are Related Parties and Mr. Sunil Kumar Shahi, from the Promoter / Promoter Group of Desi Farms India, is a Director/Shareholder of the target entities.
Questions based on this BSE filing only. For information purposes.