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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
ITC Ltd

ITC Board Approves Amalgamation of Wholly Owned Subsidiary Sproutlife Foods

M&A ● No Immediate Change LOW RISK
📅 Filed on BSE: 02 Nov 2026, 06:44 PM IST  ·  BSE ID: 481c03fe-01b0-4d89-9958-9c6976428d32
View Original BSE Filing (PDF)
💡
In Simple Terms
ITC's board approved merging its 'Yoga Bar' subsidiary, Sproutlife Foods, into the main company to streamline operations.
🤖 AI Summary
  • ITC's Board approved the Scheme of Amalgamation of Sproutlife Foods Private Limited with ITC, effective April 1, 2026.
  • Sproutlife Foods Private Limited is a wholly owned subsidiary of ITC, operating the 'Yoga Bar' brand of food products.
  • Sproutlife reported a turnover of ₹451.71 in crores and total assets of ₹150.07 in crores for FY2025-26.
  • The amalgamation is subject to necessary approvals and aims to integrate business operations and simplify corporate structure.
  • No change in ITC's shareholding pattern will occur as Sproutlife's shares held by ITC will be cancelled.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Sproutlife Total Assets FY26
₹150.07 in crores
Sproutlife Turnover FY26
₹451.71 in crores
Sproutlife Net Worth FY26
₹5.22 in crores
ITC Total Assets FY26
₹88,915.86 in crores
ITC Turnover FY26
₹80,867.49 in crores
ITC Net Worth FY26
₹68,434.16 in crores
🏢 How This Affects the Company
📈
Business Impact
The amalgamation integrates Sproutlife Foods' 'Yoga Bar' brand and healthy food product portfolio directly into ITC's Fast Moving Consumer Goods (FMCG) segment, consolidating its market position in the health-conscious food category.
💰
Financial Impact
ITC will absorb Sproutlife's total assets of ₹150.07 in crores and turnover of ₹451.71 in crores (FY26), streamlining financial reporting and capital allocation by consolidating cash flows.
⚙️
Operational Impact
The integration aims to achieve optimal deployment of managerial and operational resources by accessing shared talent and common resources, potentially improving supply chain and manufacturing efficiencies for the combined entity.
⚠️
Risk Impact
The reduction in the number of operating entities simplifies ITC's corporate holding structure, potentially lowering administrative and compliance overheads.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders as the amalgamation of a wholly owned subsidiary does not involve new share issuance.
👤
Who Is Affected
Shareholders of ITC are affected by the absorption of Sproutlife's business operations and financials, including its ₹451.71 in crores turnover, into the parent company. There is no change in ITC's shareholding pattern.
🔍
Management Signal
The decision indicates management's intent to consolidate and simplify the corporate structure, integrate acquired brands fully, and achieve operational and financial synergies within the FMCG segment.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Announcement of regulatory approvals for the amalgamation scheme.
ITC's Q3 FY27 financial results for consolidated performance impact.
Further updates on integration progress of Sproutlife Foods operations.
LOW RISK The amalgamation of a wholly owned subsidiary typically presents minimal integration risk for the parent company.
💡 Investor Takeaway
ITC's Board has approved the amalgamation of wholly owned subsidiary Sproutlife Foods, which reported ₹451.71 in crores turnover for FY2025-26. This move is effective April 1, 2026, subject to approvals, consolidating the 'Yoga Bar' brand into ITC without altering ITC's shareholding pattern.
⚖️ Strengths & Concerns

✅ Positives

  • Sproutlife Foods' turnover of ₹451.71 in crores (FY26) enhances ITC's overall FMCG revenue base, particularly in health food products.
  • Simplifies corporate structure by reducing operating entities, which can lead to more efficient capital allocation and resource deployment.
📅 Company Track Record
ITC has a history of strategic amalgamations and acquisitions. In September 2026, ITC Infotech completed the amalgamation of Blazeclan and Cloudlytics. In August 2026, ITC completed the acquisition of Century Pulp and Paper business. In May 2026, ITC completed amalgamations of Sresta Natural Bioproducts and Wimco Limited.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the key decision made by ITC's Board on November 2, 2026?
ITC's Board of Directors approved the Scheme of Amalgamation of Sproutlife Foods Private Limited, a wholly owned subsidiary, with ITC under Sections 230 and 232 of the Companies Act, 2013.
What is the financial size of Sproutlife Foods Private Limited?
Based on audited standalone financial statements for FY2025-26, Sproutlife Foods Private Limited reported total assets of ₹150.07 in crores, turnover of ₹451.71 in crores, and a net worth of ₹5.22 in crores.
What is the effective date for the amalgamation of Sproutlife Foods with ITC?
The Scheme of Amalgamation, subject to necessary approvals, will take effect from April 1, 2026.
Will ITC's shareholding pattern change due to this amalgamation?
No, there will not be any change in the shareholding pattern of ITC as Sproutlife is a wholly owned subsidiary and its equity shares held by ITC will be cancelled.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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